At the 2023 ADI Forum (formerly FlexPO+), Uday Turaga, CEO, ADI Analytics, gave an outlook on the chemical industry’s decarbonization, noting the challenges of carbon-intensive processes, but also highlighting investment in carbon capture and collaborative innovations driving progress. Decarbonizing the chemical industry has been a super challenging and expensive endeavor.
Despite these economic hurdles, there has been significant interest and activity in CO2 utilization and bio-based feedstocks. Early-stage companies were exploring converting CO2 into molecules like ethanol, methane, and building aggregates, though technical and commercial viability varies. The industry was also seeing a shift towards deeper, more collaborative partnerships between major players to develop new processes for bio-based and circular economy solutions, moving beyond simple idea scouting to more integrated development efforts.
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ADI is a prestigious, boutique consulting firm specializing in oil and gas, energy transition, and chemicals since 2009. We bring deep expertise in a broad range of markets where we support Fortune 500, mid-sized and early-stage companies, and investors with consulting services, research reports, and data and analytics, with the goal of delivering actionable outcomes to help our clients achieve tangible results.
We also host the ADI Forum that brings c-suite executives together for meaningful dialogue and strategic insights across the oil & gas, energy transition, and chemicals value chains. Learn more about the ADI Forum.
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