Accelerating carbon recycling in Europe
Extracting and recycling carbon from CO2 emissions holds a huge potential for the more sustainable production of chemicals, biomass, construction materials or fuels.
With CO2 sources abundant and available in Europe, a newly launched initiative called PHOENIX will bring together European carbon recycling technology projects.
Recycled carbon can be used for electricity storage, alternative transport fuels, and the production of chemicals, plastics and construction materials. The PHOENIX Initiative is a collaborative effort supported by France, Germany, The Netherlands and Cefic (the European Chemical Industry Council) It will help the EU meet its targets for reducing CO2 emissions, improving resource efficiency and using more renewable energy.
PHOENIX presents an opportunity for Europe to take the leadership in carbon recycling and is currently open to stakeholders from industry and national governments. The goal is to make the EU-wide carbon recycling a reality.
Associated SDG targets
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Carbon is a crucial part of a large variety of products (e.g., from food we eat to the materials we use for everything) essential to our society. For Europe’s production to be more sustainable, we have to consider alternative carbon sources and production pathways. CO2 is an available carbon source with an abundant supply in Europe. Recycling carbon from CO2 can enable a more sustainable production of chemicals and materials. A European strategy towards CO2 emission reduction in a future circular economy should consider CO2 valorisation technologies.
The EU Green Deal and Europe’s ambition to become climate-neutral by 2050
Cefic supports the Green Deal and Europe’s ambition to become climate neutral by 2050. As recognized in the European Green Deal Communication, Energy Intensive Industries, such as chemicals, are indispensable to Europe’s economy, as our sector supplies key value chains.