Air Liquide and BASF welcome support from European Innovation Fund for joint CCS project

Air Liquide and BASF are planning to develop the world's largest cross-border Carbon Capture and Storage (CCS) value chain. The goal is to significantly reduce CO₂ emissions at the industrial cluster in the port of Antwerp. The joint project "Kairos@C" has been selected for funding by the European Commission through its Innovation Fund, as one of the seven large-scale projects out of more than 300 applications.

Kairos@C will be jointly developed by Air Liquide and BASF at its Antwerp chemical site. By avoiding 14.2 million tons of CO₂ over the first 10 years of operation, it will significantly contribute to the EU's goal of becoming climate neutral by 2050.

Benoît Potier, Chairman and Chief Executive Officer of Air Liquide, declared: "In line with its sustainability objectives, which include reaching carbon neutrality by 2050, Air Liquide's ambition is to contribute actively to the emergence of a low carbon society. Energy transition requires tackling complex projects and joining forces of both public and private sectors to make these projects a reality. We are very pleased that the Kairos@C project has been selected by the Innovation Fund and it will contribute towards the EU climate goals, thanks in particular to some innovative Air Liquide technologies. Air Liquide and BASF have been engaged in a strategic partnership in the port of Antwerp for over 50 years and this groundbreaking project opens a new chapter of our cooperation towards developing a more sustainable industry."

Dr. Martin Brudermüller, Chairman of the Board of Executive Directors of BASF SE says: "BASF wants to reduce its CO₂ emissions by 25 percent by 2030 compared with 2018 and achieve net zero CO₂ emissions by 2050. To reach these ambitious goals, we must use all available technologies. Especially for BASF’s Verbund site in Antwerp, due to its prime location in the Port of Antwerp with direct sea access, CCS is an attractive solution to reduce CO₂ emissions from production processes on an industrial scale within a relatively short timeframe. Therefore, Kairos@C can become another important step on our path to climate neutrality."

The European Innovation Fund is one of the world's largest programs for promoting innovative low-carbon technologies to decarbonize Europe’s industry. Receiving this funding is an essential milestone in making a final investment decision and starting the execution of this project.