Compound benefits:
Why a shared vision is key to a more sustainable chemicals industry
- The chemicals industry, a major energy consumer and emitter of 6% of the world’s greenhouse gas emissions, must innovate to meet net-zero emissions goals amid rising demand.
- Achieving a sustainable future in the chemicals sector requires collaboration, technological innovation and a shift toward a circular economy.
- Digitalization and AI provide an opportunity for the chemicals industry to move towards a cleaner future.
The chemicals industry stands at a pivotal juncture, tasked with reconciling its essential role in the global economy with the pressing demands of environmental sustainability.
The industry contributes around 6% of global greenhouse gas (GHG) emissions, with a reliance on fossil fuels for energy and feedstock. With the world seeking a greener future, the sector’s carbon footprint is coming into sharp focus. Embracing sustainable practices is not merely a choice, but an imperative for continued innovation and leadership in an increasingly challenging market.
