Almost every sector around the world right from the chemical industry to the aviation industry are looking to decarbonize their operations. New technologies and even sustainable alternatives are being explored for this purpose. Renewable methanol or sustainable methanol is just one of these many new solutions that aims to slash and even eliminate carbon emissions for these sectors.

Akzonobel is utilizing industrial residue as a sustainable raw material for producing paints. The company makes use of nearly a third of the total residue generated during industrial effluent treatment at the Mauá plant in São Paulo to produce the paint.

Dow has invested in Xycle, a Netherlands-based leader in chemical recycling technology. The move is in line with the company’s goal of accelerating a circular economy for plastics.

Toray has recently inaugurated its advanced semiconductor technologies and materials R&D center in Taiwan. The island country is the world’s biggest semiconductor manufacturer and is an advanced semiconductor technology leader.

In order to support the acceleration of low-carbon mobility in the Normandy industrial basin, Air Liquide has plans to invest 50 million euros in a new hydrogen packaging and delivery supply chain to refueling stations along the Seine Axis.

With a new major biomass project at the Torrelavega site in Spain, Solvay aims to nearly halve CO2 emissions at the site by 2027. The project is in line with the firm’s goal of slashing the site’s carbon footprint for its customers in Spain.

Industry players have come up with innovative new technologies such as chemical recycling to ensure that even hard-to-recycle plastics can be recycled by converting it into raw materials in order to create new virgin plastic products. Not only this, entire value chains can now be sustainably transformed by utilizing not only recycled feedstocks but also renewable feedstocks for the production of plastics.

With an aim to strengthen Sumitomo Chemical’s system for meeting new market needs and further expanding its LCP business, the company has acquired the LCP Neat Resin Business Asset from Syensqo.

Idemitsu Kosan has plans to develop a large-scale production facility for solid electrolytes which is a material used in the production of all-solid-state lithium-ion rechargeable batteries.

Adnoc and Osaka Gas have entered into a 15 year long sales and purchase agreement for the supply of up to 0.8 million tonnes per annum of liquefied natural gas from Adnoc’s lower-carbon Ruwais LNG project.