Another initiative in our Carbon Management Program is that we want to turn our Verbund site in Antwerp into the first petrochemical site to approach net zero emissions by 2030, based on new, energy-efficient technologies. One initiative is the project “Kairos@C”: Air Liquide and BASF are planning to develop the world’s largest cross-border Carbon Capture and Storage (CCS) value chain to reduce CO2 emissions at the industrial cluster in the port of Antwerp. By avoiding 14.2 million tons of CO2 over the first 10 years of operation, it will significantly contribute to the EU’s goal of becoming climate neutral by 2050. The start up of the operation is expected in 2027. The project Kairos@C will be connected to shared CO2 transport and export infrastructures, including a first-of-its-kind CO2 liquefaction and export terminal, which will be built under the framework of “Antwerp@C”, a consortium that aims to halve CO2 emissions in the Port of Antwerp by 2030. Air Liquide and BASF are founding members of Antwerp@C.