One of the largest problems affecting the chemical industry in recent years has been the pressure to transition toward clean energy and reduce carbon emissions. More than 20 of the firms in the Chemical & Engineering News (C&EN) Global Top 50 have made investments recently in sustainability or currently have sustainability projects in development. At a high level, we have four major pathways to sustainability: (1) Decarbonizing operations by using low-carbon (LC) hydrogen or adapting carbon capture technology to reduce their greenhouse gas (GHG) emissions. (2) Developing recycling processes to recycle plastics and materials which are difficult to break down using traditional means. (3) Transitioning from dirty fossil fuels to sustainable renewable energy sources. (4) Using biobased processes and feedstocks instead of traditional petrochemical processes and feedstocks.
We take a deeper dive into these initiatives.
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