Creating a future-fit chemical industry: Cefic’s Chemical Convention discusses the role of innovation

“The only thing banned in the Europe of the future should be the word ‘waste’”. This was the message given by Jyrki Katainen, European Commission Vice-President for Jobs, Growth, Investment and Competitiveness at Cefic’s Chemical Convention in Helsinki on 25 October. The chemical industry will play a crucial role in advancing the circular economy in Europe, stressed Katainen.

This message echoed opening remarks by Cefic’s President, Daniele Ferrari, who emphasised that it is important that solutions for a low-carbon and circular economy are developed in Europe, and not imported from elsewhere. “The chemical industry is a driving force for innovation along the entire value chain and must have a key role in the low-carbon transition”, stressed Ferrari.

Theoretical physicist, promoter of science and Professor at the City College of New York Michio Kaku shared his optimistic vision on technological developments that are transforming our world. In his speech he set out challenges for the future but identified areas of development where chemistry could play a role – from hypersonic drones, to nano-medicines, and even in digitalising the mind.

In a panel interview featuring Dr Ilham Kadri, Solvay CEO and Dr Martin Brudermüller, BASF Chief Technology Officer, leaders discussed how to build a “future-fit” industry. Kadri and Brudermüller agreed that it will be important for industry to remain adaptable to new challenges.

Bringing future innovations to the stage, Dr Petri Vasara, Vice President of New Areas, Pöyry Management Consulting, showcased cutting-edge industry developments featuring climate friendly composites and textiles, 5G, Artificial Intelligence, and chemical recycling.