BASF Report 2021 Management’s Report – Chemicals 72 Chemicals The Chemicals segment consists of the Petrochemicals and Intermediates divisions. It supplies the other segments with basic chemicals and intermediates, contributing to the organic growth of our key value chains. Alongside internal transfers, our customers mainly come from the chemical and plastics industries. We aim to further expand our competi- tiveness through technological leadership and operational excellence. For more information on the Chemicals segment’s business model, see page 33 onward Electrically heated steam cracker furnace We have signed an agreement with SABIC and Linde to develop and pilot electrically heated steam cracker furnaces. Together, we developed concepts to replace the Sales fossil fuels used in the heating process with renewable €13,579 million energy. We want to make a significant contribution to reducing carbon emissions in the chemical industry with this 2020 €8,071 million innovative and promising solution. If energy from renewable sources is used, the new technology has the potential to EBIT before special items almost completely avoid CO emissions. 2 €2,974 million Discover our carbon management at basf.com/carbon-management 2020: €445 million