
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3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).
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.
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.
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 petrochemicals industry can reduce its carbon footprint
2021年10月21日 · 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 syngas derived from fossil fuels. The technology to substantially reduce these emissions already exists and it can help the chemical industry as it moves towards net zero.
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.
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.
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
Why the global trade of chemicals is key to COVID-19 recovery
2020年12月15日 · The pursuit of efficiency has defined the chemical industry landscape in the last two decades. Between 1998 and 2008, enabled by trade agreements, harmonization of standards and regulatory adjustments, chemical companies located plants in the lowest cost locations or near the largest demand centres, while investing globally in world scale increments.