Just to give you an idea of the timelines: The BASF is currently building a small test plant to evaluate steamcracking via (renewable) electricity - it‘s expect

Just to give you an idea of the timelines: The BASF is currently building a small test plant to evaluate steamcracking via (renewable) electricity - it‘s expected to fire up in 2023 and will process about 6 tons of hydrocarbons a day (so roughly 2000 tons per year). https://www.basf.com/global/en/media/news-releases/2022/09/p-22-326.html https://www.basf.com/global/en/media/news-releases/2022/09/p... The actual plant with two steamcrackers processes about two million tons. https://www.basf.com/global/en/who-we-are/organization/locations/europe/german-sites/ludwigshafen/production/the-production-verbund/Steamcracker.html https://www.basf.com/global/en/who-we-are/organization/locat... The plant is gigantic, and the core of the industrial park. A lot of further production depends on the output of the steamcrackers, so when they had to be shut down in 2016 due to a fire in the harbor supplying the plant, 26 other plants needed to be shut down. Restarting them took days. Even if the technology were proven, we‘d be talking about a huge, multi-year engineering effort just to replace the existing plants.