Like all process industries, the chemical sector is under intense pressure to drastically reduce its carbon footprint and reach net-zero emissions by 2050.
Like all process industries, the chemical sector is under intense pressure to drastically reduce its carbon footprint and reach net-zero emissions by 2050. While decarbonizing the process industries is critical to resolving the energy trilemma—energy transition, security and affordability—achieving this will be no easy task. Among all industrial sectors, the chemicals industry is the largest energy consumer. Additionally, at 923 MMtpy of carbon dioxide (CO2) emissions, it is third in direct carbon emissions (only the cement and steel industries have a higher carbon footprint).1
In the medium to long term, transitioning from traditional fossil fuel-based energy sources in favor of renewables
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