Who pays for green energy shift? – DW – 04/22/2024

Chemical company BASF is one of Germany’s industrial powerhouses. Operating worldwide, it has around 230 production sites and almost 112,000 employees. A third of them work at its German headquarters in Ludwigshafen, an hour’s drive south of Frankfurt am Main. “It is the largest chemical plant in the world,” said CEO Martin Brudermüller.

But it’s also a plant in trouble. “In 2023, we made money everywhere else in the world, but in Ludwigshafen, we lost €1.5 billion ($1.6 billion),” Brudermüller reported at an event organized by the…