BASF Plans to Phase Out PFAS Chemicals by 2028

Recently, the global chemical giant BASF announced that it will phase out PFAS (Per- and Polyfluoroalkyl Substances, also known as "forever chemicals") by 2028, while emphasizing that certain PFAS compounds remain essential in critical industrial processes. This decision responds to growing investor concerns about safety and environmental issues and reflects the chemical industry's transition towards sustainable development.

According to market information reports, BASF has joined the ranks of many large companies planning to abandon the use of controversial PFAS chemicals. The German-headquartered company clarified that it does not synthesize carbon-fluorine bonds in its production processes and therefore is not engaged in fluorochemical activities. However, BASF acknowledged that it currently produces a limited range of products containing PFAS substances to meet market demand and regulatory requirements.

"BASF will phase out chemical products formulated with PFAS," the company stated, adding that it will use its proprietary TripleS (Sustainable Solution Steering) method to monitor the phase-out process and develop innovative alternatives for customers.

In its statement, BASF pointed out that, considering the necessity of high safety and environmental standards, the company will substitute PFAS applications in industrial equipment. Last year, the company's sales reached 65 billion euros, demonstrating its significant position in the industry.

BASF indicated that it had clearly articulated this position in May 2023. Although no specific exit date was set at the time, its sustainability manual clearly states that the phase-out is planned to be completed within five years. This decision not only reflects BASF's corporate responsibility but will also have a profound impact on the entire chemical industry, encouraging more companies to consider similar environmental measures.

PFAS, known as "forever chemicals" due to their extreme persistence, are widely used in coatings, packaging materials, and waterproof products. However, their potential hazards to the environment and human health have drawn widespread global attention. With BASF's move, other chemical companies may also be inspired to further advance alternatives to hazardous chemicals, promoting the realization of sustainable development.

Rachel Crossley, Head of European Stewardship at BNP Paribas Asset Management, stated: "A new assessment by the International Chemical Secretariat of the world's 40 largest chemical companies found that one-third have publicly disclosed their intention to exit the PFAS field. This is an encouraging development and something the IIHC has been working hard to promote. We urge other companies to follow suit to reduce the enormous and growing risks they and their investors face related to these chemicals."

BASF's decision may lead a new industry trend, marking a positive shift in the global chemical industry's response to environmental challenges.