Driving Sustainable Innovation: The Role of Digital Technologies in the Chemical Industry’s Green Transition

Series on Cefic at ACHEMA 2024

The digital and green transitions go hand-in-hand, with digitalisation and sustainable practices complementing each other. That was the key take away of three sessions at ACHEMA 2024 where experts explored Artificial Intelligence (AI) & quantum computing, data sharing, and maximising the benefits of the green and digital transition.

Digital technologies are pivotal to the circular economy as they can facilitate better product lifecycle management, data sharing for transparency, and collaboration across new and existing partnerships. The transition to a circular economy requires substantial changes in supply chains and manufacturing processes, where digital innovations are crucial. 

Digital Innovation: A Catalyst for Sustainable Growth 

AI and quantum computing hold transformative potential for the chemical industry. AI is revolutionising Research & Development by enabling more efficient data analysis, predictive maintenance, and process optimisation, which are crucial for reducing emissions and conserving resources. Quantum computing, although still emerging, can perform complex simulations and solve problems that classical computers cannot, potentially leading to breakthroughs in materials science and sustainable chemical processes. Leveraging quantum computing’s capabilities as the technology matures will require developing in-house expertise and partnerships. 

Data Sharing 

Data sharing is essential for transparency, supply chain efficiency, and regulatory compliance within the industry. For instance, shared data can help in tracking the carbon footprint of products across the supply chain. A Digital Product Passport can serve this purpose, as it provides comprehensive information about a product’s lifecycle, including its environmental footprint, materials used, and end-of-life options. This tool can enhance transparency and facilitate better decision-making for both consumers and businesses. 

This was further emphasised by the study conducted by Cefic with Arthur D. Little: “Digital Transition for Sustainability in the European Chemical Industry” . The study emphasises the significant potential of big data in driving the green transition by enabling better resource management and operational efficiency. 

Challenges such as data standardisation, interoperability issues, privacy concerns, and establishing robust governance frameworks must be addressed to realise the full potential of data sharing. This is especially relevant in the context of the circular economy, where data on product composition and lifecycle is crucial for efficient recycling and reuse. 

Maximising the potential of digitalisation

To fully harness digital technologies for the green transition, the industry must attract new talent and build digital skills, foster strategic partnerships, and engage with policymakers. This approach is essential for creating a supportive regulatory framework that encourages innovation while ensuring environmental and safety standards.  

By embracing digital technologies, the chemical industry can achieve new levels of sustainability and efficiency, positioning itself as a leader in the global effort towards a sustainable future. Cefic remains committed to supporting the dual transition, fostering innovation, and advancing the industry. 

About Cefic’s participation at ACHEMA

Cefic held sessions across the Digital Innovation stage at ACHEMA 2024 which took place from June 10 to June 14, 2024:

Embarking on a transformative journey from big data analytics to
AI and Quantum Computing capabilities

Maximising benefits of green digital transformation

Breaking barriers with data sharing: Unlocking collaborative potential