The European Union has the ambition to become climate neutral by 2050. As recognised in the European Green Deal Communication, energy-intensive industries, such as chemicals, are indispensable to Europe’s economy, as we supply key value chains. ChemistryCan contribute to improving carbon circularity and minimising greenhouse gas emissions by revolutionising materials, production processes and services across all sectors.
The EU chemical industry reduced its GHG emisisons by more than 60% over the past 30 years. We are increasingly using low-carbon energy sources and alternative feedstock to reduce them even further. We also develop solutions that help other sectors improve their energy efficiency.
According to the recent (2017) analysis by Accenture on the circular economy, enabling technologies delivered by the chemicals industry can help achieve a 20-fold increase in energy efficiency between now and 2030. While the potential is huge, it’s also clear that the capital expenditure required will be significant, and a clean, carbon neutral future will rely on widespread collaboration.