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.
3 trends that are changing the chemical industry in 2024
2024年1月4日 · These three trends have been identified as strategic imperatives for the chemical industry. In 2024, the chemical and advanced materials industry is expected to continue experiencing the challenges that persisted throughout 2023, such as inconsistent economic growth, climate crises, and geopolitical conflicts.
2023 has defined the transformation of the chemical industry
2024年1月4日 · High inflation, geopolitical conflict and the climate crisis made 2023 a challenging year. 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.
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 · A report from the Center for Global Commons and Systemiq found that 29 million new jobs can be created by the chemical industry embracing low-carbon and energy efficient technology and process. In a circular economy, this gain could be achieved through increased turnover from new circular activities and the creation of more versatile uses of ...
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.
This new collaboration will move the chemical sector closer to net …
2024年1月30日 · Decarbonizing chemicals is critical to the fight against climate change and collaboration is a powerful tool. The industry generates about 2% of global CO2 emissions, but it consumes 14% of all oil and 8% of all gas supply as feedstock and fuel and is, therefore, one of the largest consumers of fossil carbon supply for material us
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.
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. A significant quantity of this CO2 originates from ...
How to build a more climate-friendly chemical industry
2020年1月21日 · The chemical industry has a vital role to play in the climate discussion. On the one hand, chemical products are essential to many low-carbon technologies – including renewable energy, housing and mobility. Moreover, chemistry will be needed to develop resistant materials adapted to more severe weather conditions.