Sustainable Change How Today’s Investments Secure Tomorrow’s Success

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The defossilisation of basic chemicals holds considerable potential for the chemical sector’s sustainable transformation. A study by PwC Germany and the University of Technology Sydney (UTS) demonstrates how to achieve this and outlines the investments required.

Sustainable transformation, particularly decarbonisation, remains a defining issue across all industries. This is driven not only by increasingly dynamic regulations but also by the expectations of customers, partners, and stakeholders. As a highly energy-intensive industry, the chemical sector is under particular pressure. To achieve decarbonisation, it must prepare for extensive changes. Numerous strategies, ideas, and approaches exist for more sustainable processes. However, the one correct path to net zero remains elusive.

A joint study by PwC Germany and the University of Technology Sydney (UTS), Sustainable Chemicals Pathways, highlights the immense potential of focusing on basic chemicals. Basic chemicals account for 74% of the chemical industry’s energy consumption. Moreover, their production volume could grow from 740 million tonnes (as of 2020) to 1.255 billion tonnes by 2050.