Deep Dive into the chemical industry: What defines its …
2024年1月4日 · The chemical industry is crucial in the energy transition, tackling emissions and enabling renewable technologies. The industry's transformation focuses on increased responsibility, resilience and productivity, striving for sustainability and greater societal impact through collaborative efforts.
2023 has defined the transformation of the chemical industry
2024年1月4日 · As we enter 2024, we examine how these issues will affect the chemical industry. As competition intensifies, organizations must remain focused on sustainability. Recently, the IMF announced the global economic growth rate to be 3% for 2023.
3 trends that are changing the chemical industry in 2024
2024年1月4日 · Global collaboration across the whole chemical industry and value chain would be paramount to ensure the right regulatory framework. As well as agreement on the Science Based Targets initiative (SBTi) targets for the sector to support a mass balance approach that enables the right regulatory framework (supply/demand/financial side).
Next decade will define transformation of chemical industry
2024年1月4日 · The chemical industry cannot change its image without a deliberate and significant sustainability transformation. This agenda must be both broad and deep. The magnitude of investments required to become more sustainable is daunting and the challenge is to pace initiatives and investments that balance progress on sustainability objectives with ...
How the chemical industry can usher in a circular economy
2023年3月29日 · While the chemical industry’s transition will not take place overnight, industry leaders are already making headway on the complex, multi-decade effort required. SABIC has developed a two-phase plan to achieve its carbon neutrality goals — and the approach could offer a template for others to follow suit.
The chemical industry can wean itself off fossil feedstocks. Here's …
2022年11月24日 · In contrast to the paper industry, the chemical value chains around plastics are increasingly complex, and the products are often mixtures of multiple different plastic types. Nevertheless, recycling plastics and using a share of that to feed the chemical industry’s material demand could save up to 300 million tonnes of fossil-embedded ...
COVID-19 is challenging the way we think of chemical industry …
2021年3月17日 · The chemical and advanced materials industry has been shaped by long-term, stable trends, like its pattern of feedstocks, the evolutionary perfection of technologies, the incremental capacity investments that shift the industry’s centre of gravity to new regions and balance economic cycles.
Compound benefits: Why a shared vision is key to a more …
2024年10月7日 · The chemical industry: How 2023 defined its transformation - and what's in store for 2024 According to the International Energy Agency , to meet global emissions reduction targets and reach net zero by 2050, the chemicals sector needs to reduce emissions by 18% by 2030, a challenge given the sector’s growth.
Net-Zero Industry Tracker 2024 | World Economic Forum
2024年12月12日 · This is primarily due to the industry prioritizing addressing supply chain disruptions and commodity price volatility. – The absolute emissions 456 for primary chemicals has seen 6% 457 rise in the 2019-2023 period, driven by an increase in demand for ammonia by 4%, methanol by 19% and high-value chemicals by 9%. 458
Reducing the petrochemicals industry's carbon footprint | World ...
2021年10月21日 · The focus is now on how to reduce the carbon footprint of the chemical industry, which is the third largest emitting industry behind the iron/steel and cement industries. According to the IEA , 2018 CO2 emissions from the chemical sector were 1.5 gigatonnes or 18% of industrial CO2 emissions.