According to Vattenfall, the low-emission steel is based on 100 per cent steel scrap processed in an electric furnace, which in turn is powered by 100 per cent renewable energy. This reduces the carbon footprint by 66 per cent compared to heavy steel plates made via a conventional steelmaking route.

BASF holds a 49 per cent stake in the Nordlicht 1 and 2 wind farm projects. The company is planning to use almost half of the electricity to supply its chemical production sites in Europe, especially in Ludwigshafen.