Achieving a net zero economy by 2050 by majority of the carbon-intensive sectors across the globe such as the chemicals and oil and gas industry is the only way to overcome this crisis and with the adoption of low or zero carbon solutions, this can be made possible.     (Source: Teppakorn - stock.adobe.com)
Decarbonization

4 Noteworthy Solutions to Achieve your Net Zero Emission Goals

Time is running out! We have to get our greenhouse emissions under control and eliminate it completely before it’s too late. The effects of climate change are already beginning to appear and, in this background, the most carbon-intensive sectors have undertaken sustainable business strategies to achieve their net zero goals but is it going to be enough? PROCESS Worldwide lists down four progressive solutions that will help industries to decarbonize their operations.

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2022 should see more industry players create goals and plans around abatement of emissions and monetization of waste.  (Source: ©Kalyakan - stock.adobe.com)
Market Report

Top 5 Trends in the U.S. Chemical Industry

The recent report titled ‘2022 Chemical Industry Outlook’ by Deloitte highlights 5 key trends in the U.S. chemical industry. Right from adopting digital technologies to undertaking sustainability measures such as the implementation of e-crackers, advanced chemical recycling, green hydrogen, carbon capture and storage, the report elaborates on the current trends that are set to transform the industry like never before.

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BASF, Sabic and Linde are evaluating the construction of a multi-megawatt demonstration plant at BASF’s Ludwigshafen site in Germany, targeted for start-up as early as 2023, subject to a positive funding decision.  (Source: BASF)
In the News this Year

Top 3 E-Cracker Projects to Watch Out For

E-crackers are the next big thing within the chemical process industry as it has the potential to reduce CO2 emissions by as much as 90 %. The transition of this core industrial process has already begun with leading petrochemical companies looking to establish pilot e-cracker plants across Europe. PROCESS Worldwide revisits its ‘Progress on E-Cracking’ article by highlighting the top 3 e-cracker projects in the news this year.

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PROCESS regularly reports on the Chinese chemical and pharmaceutical market with the format ‘China Market Insider’. (Source: ©sezerozger - stock.adobe.com)
Market Insights

5 Key Insights into China’s Chemical Industry

With sales of more than 2 trillion euros (2.26 trillion dollars; 2020), China is by far the largest chemical producer in the world. Even though growth has slowed from an average of 8.7 to 5.7 percent in recent years, this figure is still very impressive by global standards. This is also true for investments in property, plant and equipment, which amounted to 115 billion euros in 2020. Based on our China Market Insider series, we have summarized some interesting market trends and developments in China's chemical industry this year.

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PROCESS regularly reports on the Chinese chemical and pharmaceutical market with the format 'China Market Insider'. (Source: ©sezerozger - stock.adobe.com)
China Market Insider

How Climate Protection Opens Up New Opportunities for the Chemical Industry in China

Climate protection can open up new markets for the chemical industry in China on a large scale in the coming decade. This also applies to European companies. As the chemical newspaper Zhongguo Huagong Xinxi Zhoukan reports, additional market demand of around 1.4 trillion Chinese yuan (about 222 billion dollars) will arise for several specific specialty chemicals needed for climate change.

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