Water electrolysis plant will integrate internally produced green hydrogen into our Verbund Seamless integration into BASF Verbund Schematic  Shortlisted for public funding by German Federal Ministry for Economic Affairs and Climate Action Steam  Start-up of water electrolysis targeted for 2024, reforming Hydrogen investment of more than €90 million, capacity of 8,000 metric tons H2  Hydrogen to be used in BASF Verbund and for local community hydrogen mobility market Water Verbund electrolysis1 (80-90 plants) Water electrolysis is a commercially available technology but consumes large amounts of electricity 16 December2022 | BASF ESG Investment Story 1 PEM technology