Tech Update 5 Decarbonization Technologies for the Chemical Industry

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The chemical industry is striving to accomplish decarbonization in its overall operations in order to achieve net zero emissions by 2050. For this purpose, the sector is exploring many existing as well as innovative technologies to help it transform like never before.

The chemical industry will need to cut its annual greenhouse gas emissions by 186 million tons over the next 30 years to reach net-zero emissions by 2050, shares a press release by the World Economic Forum. This mighty figure is intimidating but major industry players are optimistic of achieving this ambitious target with the upscaling of numerous decarbonization solutions along with the development of innovative technologies. Although, this is easier said than done but the sector doesn’t have an option as time is running out and it’s running out quickly.

The time for action is now

The chemical industry has long been dependent on fossil fuels for its operations. Now the time has come to transform this sector by systemically phasing out fossil fuels in part and with time completely. Let’s have a look at some of the decarbonization technologies across the globe.