We recently held our "Technology Trends Decarbonizing the Chemicals Industry" webinar, which highlighted key trends in technology areas such as CO2 capture and conversion, plastics recycling, and biochemicals and provided an outlook for the future of chemicals industry decarbonization. Lux Research Director Anthony Schiavo outlined how decarbonization is an increasingly important issue for the chemicals industry, driven by both the specter of regulations and growing number of corporate targets. There’s no way for the chemicals industry to transition to a low-emissions future without innovative technologies, requiring both incremental and disruptive innovation.
So, how will chemicals companies achieve their ambitious decarbonization goals? According to Lux, decarbonization will depend on both incremental and disruptive innovations in the industry.
During the webinar, Anthony Schiavo discussed three leading technologies in this space: CO2 to chemicals, recycling, and bioplastics. When it comes to CO2 to chemicals, this technology has great potential to decarbonize basic chemicals, but it has high energy costs driven by poor conversion efficiency. Plastic recycling meets the issues of emissions and waste simultaneously, but in the long-term, next generation catalytic pyrolysis is needed for widespread adoption. Bioplastics find alternatives to petrochemical feedstocks, and regulations on single use plastics create an opportunity for this technology.
Highlighting the key benefits, drawbacks, and players, Research Director Anthony Schiavo helps chemical companies understand how they can reach their ambitious decarbonization goals.
Register today to watch the on-demand webinar for "Technology Trends Decarbonizing the Chemicals Industry"!
KEY TAKEAWAYS FROM THE WEBINAR:
- Decarbonization of chemicals is a complex task, requiring both incremental and disruptive innovation
- Chemical companies need to learn to navigate upstream and downstream systems
- New business models will emerge to decouple revenue growth and volume growth