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Gold/Mining/Energy : Gasification Technologies -- Ignore unavailable to you. Want to Upgrade?

To: Dennis Roth who wrote (1346)	4/19/2008 7:28:47 AM
From: Dennis Roth	Respond to of 1740

BASF bamboozled by CO2 certifications [ 18 Apr 2008, Rob Cockerill, gasworld.com ] gasworld.com The world's largest chemicals group, BASF, has postponed indefinitely its decision about making an investment totalling around €1.5bn in a coal gasification plant, after confusion over CO2 certificates led to uncertainty over future trading of emissions. The plant had been conceived for a service life of approximately 30 years, which means that there would most certainly have to be guaranteed investment security. However, the federal government and the EU Commission have for some time already been in dispute over the future trading of emissions with certificates. “We don’t know what we'll have to buy in the way of carbon dioxide certificates from 2012 onwards,” were the decisive words of Deputy Managing Board Chairman Eggert Voscherau, as he cited this for the permanent delay in the project. In BASF's case, coal gasification would partly replace oil-based raw material supply. Basic materials for chemicals production are derived from both raw materials and depending on how the price of oil continues to develop in the future, coal could become a cheaper raw material basis. In any case, BASF would be more independent of oil that, in contrast to coal, is produced in politically unstable regions. Voscherau left open the question as to whether the plant could still be built in Ludwigshafen in a few years’ time, when there is clarity regarding the certificates. “We will have to wait and see whether it could be somewhere else.” “In Germany, there’s a question mark over the entire industrial infrastructure at present,” Voscherau added, comparing the coal gasification project with the difficulties faced by energy supply companies who are currently also postponing investments running into billions, because of the unclear future regarding the certificates. A similar situation reportedly applies to investments in industries such as steel, cement and aluminium.

To: Dennis Roth who wrote (1346)	7/11/2008 1:01:50 PM
From: Dennis Roth	Respond to of 1740

BASF considers Antwerp as possible site for 1.5 bln euro coal gasification plant 07.04.08, 3:33 AM ET forbes.com FRANKFURT (Thomson Financial) - BASF SE. is considering Antwerp as a possible location for its planned 1.5 billion-euro coal gasification plant, should the project be realised, Financial Times Deutschland reported, citing management board member Harald Schwager. BASF (nyse: BF - news - people ) has previously also considered Ludwigshafen -- where the company is headquartered -- as a possible location. Currently, the project has been shelved due to uncertainty over the future costs of emission certificates, the company previously said. The German government and the European Commission are in an ongoing tussle over how to handle the allocation of emission rights from 2013. BASF was planning to use the gas from the plant to produce methanol and ammonia, which are key chemicals for plastics, fertilisers and pesticides. christoph.steitz@thomsonreuters.com cs1/rfw Copyright Thomson Financial News Limited 2008. All rights reserved.