Net-zero chemicals industry initiative relaunches as the Global Impact Coalition

Back to news
  • The CEO-led chemical industry initiative, incubated by the World Economic Forum, has been relaunched as the Global Impact Coalition (GIC).
  • The new standalone Coalition has been created by seven founding member chemical companies and is supported by more than 70 senior industry executives.
  • The first tangible project to accelerate the implementation of chemical and mechanical recycling for plastics was also launched in 2023.

To drive the global chemical industry on a path to net-zero emissions by 2050, the Low-Carbon Emitting Technologies (LCET) initiative, incubated and hosted by the World Economic Forum for more than three years, has now officially launched as the independent Global Impact Coalition.

With a suite of leading-edge projects, the CEO-led coalition, founded by BASF, SABIC, Covestro, Clariant, LyondellBasell, the Mitsubishi Chemical Group, and Solvay will focus on accelerating the development and upscaling of low-carbon emitting technologies for chemical production and related value chains. With a focus on innovation, partnerships, and the development of net-zero production methods, the new Coalition can make an important contribution to carbon neutrality and sustainable growth.

“After over three years of incubation within the World Economic Forum and led by tangible results in the decarbonization space, we are delighted to witness the Global Impact Coalition emerge as an independent legal entity,” said Børge Brende, President, World Economic Forum. “We are dedicated to nurturing our strong relationship, bolstering sustainability and innovation within the chemicals sector.”

Leading Demonstration Projects

The Coalition will incubate projects with a proven approach pioneered by the LCET. Example projects coming from Coalition member companies:

R&D Hub for Plastic Waste Processing.which will focus on developing new technologies for waste processing with a lower CO2 footprint and greater levels of plastic waste recycling.

Electrically Heated Steam Cracker Furnace – collaboration to construct the world’s first demonstration plant for large-scale electrically heated steam cracker furnaces.

Marking a milestone

The Coalition is a collaboration of incubation of low carbon emittance technologies in the chemical industry, the Coalition is supported by an expert community of more than seventy senior chemical industry executives. Its transition from a World Economic Forum initiative into the new, independent Coalition marks an important milestone and has been made possible by its founders.

“I see immense potential in reshaping the chemical industry’s impact on our planet. One of our goals is in forging new pathways to achieve this, through collaboration, business model transformation, and solid partnerships that create true value in our drive to a net zero future. I am extremely excited to lead the charge, focused on less talk, more results”, said Charlie Tan, Global Impact Coalition’s Chief Executive Officer.

At the cornerstone of the global economy, the chemical industry provides essential materials, technologies and building blocks for 95% of all manufactured goods. As a crucial part of almost all sectors, sourcing and using alternative and sustainable sources of carbon will have an important impact in the fight against climate change.

About Global Impact Coalition

The Global Impact Coalition (GIC) is dedicated to transforming the chemical industry to net-zero by 2050.

Originally incubated at the World Economic Forum, the GIC is now a Swiss based venture formed by BASF, SABIC, Clariant, Covestro, LyondellBasell, the Mitsubishi Chemical Group, and Solvay, with the aim of jointly accelerating the development and scaling of low-carbon technologies for chemical production and related value chains.

As the industry’s first ever CEO-led coalition, the GIC will create and foster new partnerships to address challenges that cannot be effectively tackled in isolation. The GIC serves as a dynamic platform to catalyze impactful projects and R&D collaborations with a core focus on the implementation of technological, value chain, regulatory, financial, and market-related solutions towards meeting sustainable objectives.

Join us on the path to deploy low-carbon emitting technologies at scale and achieve net-zero emissions by 2050.

For more information, visit Global Impact Coalition.

Netto-Null-Initiative der Chemieindustrie startet neu als ‚Global Impact Coalition‘

 

  • Die vom Weltwirtschaftsforum ins Leben gerufene, CEO-geführte Initiative der Chemischen Industrie unternimmt einen Neustart als Global Impact Coalition.
  • Die eigenständige neue Koalition wurde von sieben Chemieunternehmen gegründet und genießt die Unterstützung von 70 Führungskräften der Branche.
  • Das erste konkrete Projekt zur beschleunigten Umsetzung des chemischen und mechanischen Recyclings von Kunststoffen wurde ebenfalls im Jahr 2023 gestartet.

Um die globale Chemieindustrie bis 2050 ans Ziel der Netto-Null-Emissionen zu führen, hat sich die vor über drei Jahren geschaffene und vom Weltwirtschaftsforum ausgerichtete Initiative für kohlenstoffarme Technologien (LCET) nun offiziell als eigenständige Koalition mit globaler Wirkkraft (Global Impact Coalition) formiert.

Gründungsmitglieder sind BASF, SABIC, Covestro, Clariant, LyondellBasell, die Mitsubishi Chemical Group und Solvay. Mit einer Reihe von Leitprojekten wird sich die CEO-geführte Koalition auf die beschleunigte Entwicklung von Technologien mit niedrigem CO2-Ausstoß und deren großmaßstäbliche Umsetzung in chemischen Produktions- und damit verbundenen Wertschöpfungsketten konzentrieren. Ausgerichtet auf Innovation, Partnerschaften und die Entwicklung von Netto-Null-Produktionsverfahren kann die neue Koalition einen wichtigen Beitrag zur Kohlenstoffneutralität und zu nachhaltigem Wachstum leisten.

„Nach mehr als drei Jahren seit ihrer Gründung im Rahmen des Weltwirtschaftsforums und getrieben von greifbaren Resultaten im Umfeld der Dekarbonisierung freuen wir uns sehr über die Transformation der Global Climate Coalition zu einer unabhängigen rechtlichen Einheit,“ sagt Børge Brende, Präsident des Weltwirtschaftsforums. „Wir sind entschlossen, unsere starken Beziehungen weiter zu fördern, um Nachhaltigkeit und Innovation innerhalb der Chemischen Industrie zu unterstützen.“

Führende Demonstrationsprojekte

Die Koalition wird in bewährter, LCET-begründeter Herangehensweise entsprechende Projekte fördern, wie sie beispielsweise schon von Mitgliedsunternehmen in Gang gebracht wurden:

The R&D Hub for Plastic Waste Processing – ein Knotenpunkt zur konzertierten Erforschung und Entwicklung neuer Abfallverarbeitungstechniken mit niedrigerem CO2-Abdruck und erhöhter Wirksamkeit im Bereich des Kunststoffrecyclings

Electrically Heated Steam Cracker Furnace – Zusammenarbeit beim Bau der weltweit ersten Demonstrationsanlage für große, elektrisch beheizte Steamcracker-Öfen

Wichtiger Meilenstein

Die Zusammenarbeit der Koalition bei der Entwicklung von Technologien mit niedrigem CO2-Ausstoß wird von einem Fachgremium getragen, das sich aus mehr als 70 hochrangigen Führungskräften der Chemischen Industrie zusammensetzt. Der Übergang von einer Initiative des Weltwirtschaftsforums zur neuen, eigenständigen Koalition stellt einen wichtigen, von den Gründern ermöglichten Meilenstein dar.

„Ich sehe immenses Potenzial im Umgestalten der Chemischen Industrie bezüglich ihrer Auswirkungen auf die Erde. Eines unserer Ziele ist es, durch Kooperation, Transformation von Geschäftsmodellen und solide Partnerschaften neue Wege zu schaffen, die eine reale Wertschöpfung unserer Anstrengungen für eine Netto-Null-Zukunft ermöglichen“, ergänzt Charlie Tan, Chief Executive Officer der Global Impact Coalition.

Als Eckpfeiler der Weltwirtschaft stellt die Chemische Industrie essenzielle Technologien und Bausteine für 95 % aller Industriegüter bereit. Die Erschließung und Nutzung alternativer und nachhaltiger Kohlenstoffquellen spielt in fast allen Einsatzbereichen eine entscheidende Rolle mit wesentlichem Einfluss auf die Bekämpfung des Klimawandels.

Über die Global Impact Coalition

Die Global Impact Coalition (GIC) ist entschlossen, einen signifikanten Beitrag zur Netto-Null-Transformation der Chemischen Industrie bis 2050 zu leisten.

Ursprünglich vom Weltwirtschaftsforum ins Leben gerufen, ist die GIC heute ein in der Schweiz ansässiges Gemeinschaftsunternehmen von BASF, SABIC, Clariant, Covestro, LyondellBasell, die Mitsubishi Chemical Group und Solvay. Ziel der Koalition ist es, gemeinsam die Entwicklung und Skalierung kohlenstoffarmer Technologien für chemische Produktions- und relevante Wertschöpfungsketten zu beschleunigen.

Als erste CEO-geführte der Branche will die Koalition neue Partnerschaften gründen und fördern, um Herausforderungen aufzugreifen, die von Einzelunternehmen allein nicht effektiv bewältigt werden können. Die GIC dient als dynamische Plattform, um wirksame Projekte und F&E-Kooperationen voranzutreiben, wobei der Schwerpunkt auf der Realisierung technologischer, wertschöpfungsorientierter, regulatorischer, finanzieller und marktbezogener Nachhaltigkeitslösungen liegt.

Kommen Sie mit uns auf den Weg zur Umsetzung kohlenstoffarmer Technologien und zum Erreichen von Netto-Null-Emissionen bis 2050.

Besuchen Sie die Global Impact Coalition im Internet für weitere Informationen.

净零化工行业倡议重新启动,成立全球影响力联盟 

  • 在世界经济论坛(WEF)进行孵化、由各大企业首席执行官领导的净零化工行业倡议重新启动,成立“全球影响力联盟”。
  • 全新的、独立运作的联盟由七家创始成员化工公司建立,并由 70余名行业高级管理人员提供支持。
  • 第一个具体项目也于2023年启动,旨在加速推进塑料化学与机械回收工艺实施。

为推动全球化工行业在 2050 年实现净零排放、由世界经济论坛孵化并主导三年多的低碳排放技术 (LCET) 倡议现已重新启动,成立“全球影响力联盟”。

新联盟由巴斯夫(BASF)、沙特基础工业公司(SABIC)、科思创(Covestro)、科莱恩(Clariant)、利安德巴塞尔(LyondellBasell)、三菱化学集团 (Mitsubishi Chemical Group)和索尔维(Solvay)联手创立,各家企业的首席执行官负责督导管理日常营运工作。借助一系列领先的项目,该联盟致力于加速与化学品生产及相关价值链的低碳排放技术的开发和升级。新联盟专注于创新、合作伙伴关系和净零生产技术的发展,将为碳中和与可持续增长两大目标做出重要贡献。

“经过世界经济论坛三年多的孵化,并在去碳化领域取得了切实成果后,我们很高兴见证全球影响力联盟成为了一个独立的法律实体。”世界经济论坛主席博尔格·布伦德(Børge Brende)表示:”我们致力于发展紧密的合作关系,并促进化工行业的可持续发展和创新。“

技术领先的示范项目

 

该联盟将采用 LCET 首创且经过验证的方法来孵化项目。来自联盟成员企业的优秀项目包括:

塑料回收处理研发中心 -将专注于开发有助于减少二氧化碳排放,并提高塑料废弃物回收水平的废弃物处理新技术。

电加热蒸汽裂解炉 -致力于建设全球首个大型电加热蒸汽裂解炉示范工厂的合作项目。

具有里程碑意义

 

作为专长于化工行业低碳排放技术孵化的合作组织,该联盟得到了由70余名化工行业高管成员组成的专家团队的大力支持。创始成员企业将一个世界经济论坛倡议项目成功转变为一家全新的、独立运作的联盟——这是一项具有里程碑意义的重要举措。

“我看到了重塑化工行业对我们星球的影响有着巨大的潜力。我们的目标之一是通过合作、商业模式转型和坚实的合作伙伴关系,这些能为我们迈向净零未来创造真正的价值,从而为达成目标开辟新的途径。我非常高兴能够领导这项工作,专注于少说话,多成果。“全球影响力联盟首席执行官Charlie Tan说道。

作为全球经济的基石,化工行业为95% 的制成品生产工艺提供了关键原材料、核心技术和基础材料。作为各大领域中不可或缺的一环,采购和使用替代性可持续碳源将在应对气候变化的过程中发挥至关重要的作用。

关于全球影响力联盟

全球影响力联盟 (GIC) 致力于推动化工行业加速转型、到 2050 年实现净零排放。

全球影响力联盟最初由世界经济论坛进行项目孵化。目前,联盟总部位于瑞士 ,是一家由巴斯夫(BASF)、沙特基础工业公司(SABIC)、科莱恩(Clariant)、科思创(Covestro)、利安德巴塞尔(LyondellBasell)、三菱化学集团(Mitsubishi Chemical Group)和索尔维(Solvay)共同组建的企业,旨在加速与化学品生产及相关价值链的低碳技术的开发和规模化应用。

作为业界首个由首席执行官领导的组织,全球影响力联盟将致力于创建和培育全新的合作伙伴关系,帮助各大企业有效应对行业挑战。作为一个动态平台,该联盟助力促进有影响力的项目和研发合作的顺利开展,重点关注技术、价值链、监管、金融和市场相关解决方案的实施,从而推动可持续目标的实现。

欢迎加入我们,共同推广低碳排放技术、到 2050 年实现净零排放!

如须获取更多信息,敬请访问“全球影响力联盟”官方网站。

Global Chemical Companies Sign Agreement on R&D Hub
for Plastic Waste Processing Incubated by World Economic Forum

Back to news

Sahil Raina, Public Engagement, Public.Affairs@weforum.org

  • Seven member companies of the Global Impact Coalition have signed a collaboration agreement
  • Hub will focus on developing new technologies for waste processing with lower CO2 footprint and greater levels of plastic waste recycling
  • The LCET R&D Hub is the first project to be launched from the CEO-led initiative

Geneva, Switzerland, 8 May 2023 – Seven member companies of the Global Impact Coalition have signed a collaboration agreement with the independent research organization TNO to establish an R&D Hub for Plastic Waste Processing. The seven companies include BASF, Covestro, Dow, Mitsubishi Chemical, SABIC, Solvay and Lyondell Basell. The hub will focus on developing new technologies for waste processing with a lower CO2 footprint and greater levels of plastic waste recycling.

This co-creation between the Global Impact Coalition members, TNO experts and innovation partners will result in practical and disruptive technology solutions to allow increased levels of circular plastics with a lower environmental footprint.

As a private sector-driven initiative, the R&D Hub projects are aimed at making significant progress on more sustainable plastic waste processing and helping to address industry-specific topics related to the development of mechanical and chemical recycling routes. The first set of projects is due to launch in the second half of 2023.

Roberto Bocca, Head of the Centre for Energy and Materials and Member of the Executive Committee, World Economic Forum, said, “We are excited to witness the launch of the R&D Hub, which will drive innovative solutions for waste processing with lower carbon emissions and enhanced circularity. The Forum is proud to have incubated the Hub through the Global Impact Coalition and is committed to further progressing in this space”.

The LCET R&D Hub is the initiative’s first project launch, with further projects in development for 2023. Martin Brudermüller, Global Impact Coalition Chair and Chairman of the Board of Executive Directors of BASF, said, “Finding solutions to protect our climate is a global, societal task that will only succeed if we all contribute with our best ideas. Launching the first spin-off project out of the Global Impact Coalition is a significant achievement and milestone for all the member companies. This enables us to develop breakthrough technologies while sharing early-stage risks. Bringing together seven leaders operating in the same marketplace demonstrates the collaborative spirit in the Global Impact Coalition that transforms ambition into action”.

TNO will lead the technology development. Henk-Jan Vink, TNO’s Managing Director, said, “We are honoured to be selected as the host and orchestrator of this great initiative. TNO is confident to further build on its experience in the field of circular modelling, packaging and materials know-how and provide the industry with fit-for-use solutions”.

About the Global Impact Coalition
The Global Impact Coalition is a coalition of leading chemical-sector companies committed to achieving a net-zero and circular future. The LCET initiative has established the industry’s first CEO-led coalition, signaling a critical move towards implementation.

About TNO

TNO is an independent research organization that connects people and knowledge to create innovations that boost the sustainable competitive strength of industry and the well-being of society.

Global Chemical Companies Collaborate in Pivotal Move to Net-Zero

Back to news
  • Major chemical sector companies and the World Economic Forum are establishing a breakthrough, pre-competitive development platform to accelerate net-zero climate technologies
  • The first-of-its-kind collaboration catapults the Low-Carbon Emitting Technologies initiative (LCET) from incubation to its mission-critical implementation stage
  • Two years of LCET analyses and knowledge exchange are the basis for a multistakeholder approach to best-practice deployment strategies
  • Chemical demand is expected to quadruple by 2050 and already makes up 5% of global carbon emissions; it is essential for almost all manufactured goods

Geneva, Switzerland, 14 October 2021 – Leading global chemical companies and the World Economic Forum are entering an agreement to formalize the Low-Carbon Emitting Technologies (LCET) initiative into a stand-alone entity by the end of 2023, to share early-stage risks and co-invest in developing and upscaling low-carbon emitting technologies.

The project development company (PDC) will be designed and developed by an inclusive stakeholder primacy collaboration between Air Liquide, BASF, Clariant, Covestro, Dow, Mitsubishi Chemical Corp., Royal DSM, SABIC, SIBUR, Solvay and the World Economic Forum, and is supported by the Mission Possible Partnership.

“LCET members embark together on the journey to net-zero emissions in the chemical industry by 2050,” said Roberto Bocca, Member of the Executive Committee, World Economic Forum. “This will require extraordinary business transformation, unprecedented partnerships and collaboration both within the private sector and across all stakeholders including society and governments.”

The joint undertaking represents the LCET initiative’s seminal transition from a knowledge-sharing platform to an implementation vehicle, as envisioned at its 2019 founding, and on course with its original mandate to accelerate greenhouse gas (GHG) reduction in the chemical production value chain. The Forum-hosted collaboration is designed to foster creative public-private partnerships and to enable pre-competitive cooperation, especially on common challenges to the industry, to drive sustainable solutions and collectively solve challenges on the path to net-zero emissions.

“The transformation towards climate neutrality is a must. Therefore, we need to translate climate targets now into concrete measures. We collaborate in the LCET initiative to jointly accelerate breakthrough technologies. We join forces to tackle critical technology challenges that cannot be tackled by a single company alone,” said Martin Brudermüller, Chairman of the Board of Executive Directors, BASF, and LCET Chair. “Sharing technology and business risks in innovative ways is key to mastering this challenge successfully.”

Chemicals are essential for more than 95% of the world’s manufactured goods and, consequently, the sector is currently responsible for around 5% of total GHG emissions. Worldwide product demand is expected to quadruple by 2050.

LCET technology teams have identified technical principles and specific measures that can convert traditional operating models into net-zero production methodologies. Through the newly formed PDC, these LCET pioneers will embark on tackling two key starting points of chemical value chains that are the largest sources of chemical GHG emissions: olefin production via steam cracking, and ammonia production based on dedicated hydrogen generation from methane or water.

The first joint programmes are on the way ,with an emerging R&D hub for plastic-waste processing and a collaborative project between BASF and SABIC, together with technology provider Linde, to pilot the world’s first electrically heated steam cracker furnace commercially. Further mission-critical technological building blocks – such as hydrogen generation in low-carbon emission processes, the use of CO2 and biomass as feedstock and the overall electrification of chemical operations – are being addressed in the PDC pipeline.

“The products, technologies and services offered by the chemical sector are at the heart of global socioeconomic activity. As the LCET initiative moves into the critical implementation stage, it will demonstrate the ground-breaking innovation that our industry can achieve through collaboration”, said Yousef Al-Benyan, Vice Chairman and CEO of SABIC, and LCET Co-Chair. “By working together to co-develop and upscale low carbon-emitting technologies, we will accelerate our circular carbon economy journey to carbon neutrality.”

Though technological challenges common to the sector can be addressed in intra-industry collaboration, deploying these new technologies on a commercial scale bears significant economic risk. Companies continue to advance individual efforts but transforming the entire sector will require massive capital investment, regulatory support and further coordination between financial partners, innovators, academic institutions, governments, and civil society.

The LCET initiative aims to foster alliances, potentially structured as joint ventures or start-up companies, to prioritize and innovate, to share knowledge and reduce investment risks. For example, co-investment in large projects that could not be financed by one party; joint IP schemes and complementary engagement with policy-makers, regulators and financial players; and co-marketing opportunities and demand creation for low-carbon products all can work together to encourage infrastructure development that enables low-carbon solutions in large systems such as electrical grids and pipelines.

This effort calls for new ways to finance net-zero solutions, creative sharing of expertise, and for more producers, technology providers and value chain partners to join the LCET initiative in meeting the Paris Agreement and the UN 2050 sustainability goals.

Subscribe to our newsletter

To stay up to date with everything that is happening at the Global Impact Coalition

Please enable JavaScript in your browser to complete this form.

* By providing my information I agree to contacted by the Global Impact Coalition