implementation policy driven LCA, e.g., positioning of Environmental Footprint (EF) methods, which have become increasingly important in sustainability policies at both the EU and national levels. These methods offer a robust scientific foundation for assessing the environmental impact of products and organizations, positioning them as invaluable tools for both
policymakers and businesses. In terms of reducing CO2 emissions, recognition in emission reduction efforts and incentive mechanisms, such as labeling, are vital in motivating suppliers and engaging consumers.
Despite clear awareness of the detrimental impact of fossil-based materials on the environment, both businesses and end-users often prioritise cost over sustainability. The willingness to pay for sustainable alternatives varies widely across regions and industries, affecting the pace of the green transformation.
Outlook
For two decades, bioenergy and biofuels, as well as Sustainable Aviation Fuels (SAF), have thrived under comprehensive policy support frameworks, resulting in significant market success. These initiatives have created markets worth billions, generating investments, jobs, and substantial CO2
savings.
Dr. Ivana Krkljuš is a seasoned professional with over 13 years of experience at BASF, where she currently oversees Bioeconomy and Market-based mechanisms, as part of BASF´s Corporate Sustainability Team, responsible for Green Transformation Strategies.
However, the chemicals and materials sector has yet to see similar support, resulting in a non-level playing field between energy and material uses of biomass. This disparity acts as a barrier to the de-fossilisation of the chemicals and materials industry, as the energy sector can offer lower feedstock prices due to its support mechanisms.
Looking ahead, there is reason to remain optimistic. As customer awareness continues to grow and regulatory frameworks become more supportive, the demand for low-PCF products is expected to rise, paving the way for a transition to a more sustainable, circular economy.
www.basf.com
SUSTAINABILITY CONFERENCE Roadmap for the European Lubricants Industry
Wednesday 11th June 2025 BMA House, Tavistock Square London WC1H 9JP
In association with Sponsored by premium base oils
BOOK YOUR
TICKETS NOW
LUBE MAGAZINE NO.185 FEBRUARY 2025
19
Page 1 |
Page 2 |
Page 3 |
Page 4 |
Page 5 |
Page 6 |
Page 7 |
Page 8 |
Page 9 |
Page 10 |
Page 11 |
Page 12 |
Page 13 |
Page 14 |
Page 15 |
Page 16 |
Page 17 |
Page 18 |
Page 19 |
Page 20 |
Page 21 |
Page 22 |
Page 23 |
Page 24 |
Page 25 |
Page 26 |
Page 27 |
Page 28 |
Page 29 |
Page 30 |
Page 31 |
Page 32 |
Page 33 |
Page 34 |
Page 35 |
Page 36 |
Page 37 |
Page 38 |
Page 39 |
Page 40 |
Page 41 |
Page 42 |
Page 43 |
Page 44 |
Page 45 |
Page 46 |
Page 47 |
Page 48 |
Page 49 |
Page 50 |
Page 51 |
Page 52 |
Page 53 |
Page 54 |
Page 55 |
Page 56 |
Page 57 |
Page 58 |
Page 59 |
Page 60 |
Page 61 |
Page 62 |
Page 63 |
Page 64 |
Page 65 |
Page 66 |
Page 67 |
Page 68
