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The chemical industry’s road to net zero

April 22, 2022 4-MINUTE READ

RESEARCH REPORT

In brief

"This in-depth research helps build a picture of key considerations for European chemical companies as they prepare for our sector’s biggest transformation in its history."

— MARCO MENSINK, Cefic Director General

Capital expenditures

Companies will need to make large investments in new core equipment and the design, construction and modification of large numbers of facilities.

Standstill costs

As companies retrofit, improve or rebuild plants, they will see months of halted production, leading to significant losses in profits.

New ways of operating

The industry will need to change traditional production processes and adopt new technologies—some of which are still in development.

Reshaping the plant network

New plants will need to be built in new locations to be closer to renewable energy sources, biomass materials or GHG-capture facilities.

Implications beyond the core costs

About the Authors

Michael Ulbrich

Managing Director – Global Chemicals Sustainability Lead


DR. EIKE CHRISTIAN ESCHENRÖDER

Senior Manager – Strategy, Chemicals


Dr. Bernd Elser

MANAGING DIRECTOR – GLOBAL CHEMICALS LEAD AND EUROPE LEAD FOR CHEMICALS AND NATURAL RESOURCES


MAIS HADDADIN FINN

Principal, Global Sustainability Lead – NexantECA


DR. NUNO FAÍSCA

Sector Leader, Head of Technology Evaluation and Management – NexantECA


RICHARD SLEEP

President – NexantECA


How these investments can pay off

"A carbon-neutral EU chemical industry would still produce the plastics and chemicals needed by its customers. However, it would do so using different sources of energy."

— RICHARD SLEEP, NexantECA President
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