BASF and Vulcan Partner to Explore Regional Geothermal Potential

BASF SE (BASFY) and Vulcan recently signed a memorandum of understanding to explore the use of geothermal energy at the chemical company's Ludwigshafen facility. The partners intend to examine prospects for capturing natural heat from deep geothermal sources to provide renewable energy capable of satisfying BASF's largest site's future base load power requirements. Frankenthal and Ludwigshafen, two nearby centers, stand to gain from the sustainable heat and are already conducting seismic studies as a first ...