In the September 2024 edition of the ADI chemicals newsletter, we covered on how the chemical and energy sectors are increasingly focused on sustainability. This was evidenced by strategic acquisitions like LyondellBasell’s purchase of APK for advanced recycling and new plant launches dedicated to green hydrogen and waste-to-ethanol production.
Major companies, including Nouryon and Evonik, are expanding production capacities while prioritizing renewable energy sources, as seen in Air Products’ solar power agreement and MOL Group’s green hydrogen initiative. Partnerships, such as ADNOC’s investment in ExxonMobil’s low-carbon hydrogen project, and technological advancements, like Topsoe’s green ammonia plant, underscore the industry’s shift towards cleaner operations. Despite plant closures by BASF due to profitability concerns, the overall trend highlights a strong commitment to innovation and environmentally responsible practices, with ADI Chemical Market Resources facilitating access to critical market data through its partnership with Polymerupdate.
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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.
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