Lars Gustafsson presented on BASF's perspective on renewable-based products in the chemical industry. Four main drivers are influencing BASF's renewable portfolio: sustainability, raw material diversification, customer demand and regulations, and product competitiveness. BASF is taking different approaches including biomass balance products, products only from renewables, and drop-in renewables-based products. The biomass balance approach allows BASF to produce the same performance products from both fossil and renewable feedstocks in their production plants.