14 September 2012 13:09 [Source: ICIS news]
BUDAPEST (ICIS)--BASF is working towards purchasing all its palm and palm kernel oil from certified sustainable sources by 2015, the head of product management for surfactants at the Germany-based chemical major said on Friday.
Speaking on the sidelines at the 1st ICIS European Surfactants Conference in ?xml:namespace>
The Roundtable on Sustainable Palm Oil (RSPO), of which BASF is a member, seeks to support the sustainable production of palm oil by developing credible standards for the global industry to adhere to.
The RSPO remains the only industry body to address sustainability in the use of an agricultural commodity.
With the world’s population expected to reach 9bn people by 2050, Meyer said these “demographic challenges will set the stage for the future of the chemical industry.”
When asked whether a target of 2015 was realistic, Meyer was confident that it “was achievable,” however, conceded that BASF would most likely pay “a premium” for purchasing only certified sustainable palm and palm kernel oil.
He added it would be worthwhile in the long run as increasing numbers of its consumers were becoming more aware of the importance of “acting responsibly.”
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