Structured approach to capex spending Current project pipeline and projected capex Pilot scale  eFurnace Engineering and Pilot furnace First commercial furnace Global roll-out 1 construction  Water electrolysis Engineering and Operation 1 construction  Methane pyrolysis Trial reactor Pilot engineering and construction Pilot operation Global roll-out Commercial scale  CCS Implementation and operation  Heat pumps Implementation and operation  E-boilers & e-drives Implementation and operation Operational excellence 2021 < €1 billion 2025 €2-3 billion 2030 10 December2022 | BASF ESG Investment Story 1 Depending on public funding