Decarbonization Trends in the Chemical Industry
Visionary Leadership Building Strong Industry-wide Partnerships is Required to Solve Industry Challenges
24-May-2023
Global
Market Research
K888-01-00-00-00
CM02023-GL-MT_27632
The report examines the most relevant decarbonization strategies that the chemical industry is currently implementing across the globe. The analysis covers decarbonization from the standpoint of the basic chemicals (ammonia, chlor-alkali, benzene, toluene, ethylbenzene, xylene, methanol, and olefins) and technologies (electrification, efficiency, renewable energy & heat, circular economy, carbon capture, and green hydrogen). Each segment describes the current decarbonization scenario, examines how the industry is addressing the same, and identifies the new challenges that have emerged resultantly.
There is a strong demand in the chemical industry for solutions to decarbonization challenges, specifically to address issues relating to energy efficiency, energy infrastructure, renewable energy procurement, data procurement, data management, and carbon accounting. The study includes an analysis of the decarbonization strategies being implemented by the most important chemical companies in the world and identifies the growth opportunities emerging from the developments and challenges in the industry for stakeholders and market players to leverage.
Author: Leonardo Sampieri
The Decarbonization Challenge in the Chemical Industry
Why is it Increasingly Difficult to Grow?
The Strategic Imperative 8™
The Impact of the Top 3 Strategic Imperatives on Decarbonization in the Chemical Industry
Growth Opportunities Fuel the Growth Pipeline Engine™
The Chemical Industry and Planetary Boundaries
The Chemical Industry and Its Share of Global Emissions
The Chemical Industry and Its Share of Global Emissions* (continued)
EU 27’s Evolution of Energy, Production Levels, and GHG Emissions in the Chemical Industry
EU 27’s Evolution of Scope 1 GHG Emissions
Environmental Impact (EI) and Carbon Emissions
GHGs and Scopes of Emissions
Scopes of Emissions and their Categorization*
Direct and Indirect Energy Decarbonization Strategies in the Chemical Industry*
Electrification
Electrification: Case Study
Energy Efficiency*
Energy Efficiency: Case Study
RE and Renewable Heat*
RE and Renewable Heat: Case Study
CE*
CE: Case Study
CO2 Capture (Carbon Capture and Utilization [CCU] and CCUS)*
CO2 Capture: Case Study
Green H2*
Green H2: Case Study
Demand-side Measures
The Key Chemicals—Quantified
Ammonia Synthesis Decarbonization*
Decarbonization of Chlor-alkali Chemicals*
Decarbonization of Benzene, Toluene, Ethylbenzene, and Xylene Aromatics*
Methanol Decarbonization*
Olefin Decarbonization*
Summary Table of Technologies to Decarbonize Input Energy in the Chemical Industry
Benchmark of Decarbonization Strategies in Select Chemical Companies
Benchmark of Decarbonization Strategies in Select Chemical Companies* (continued)
Benchmark of Decarbonization Strategies in Select Chemical Companies* (continued)
Benchmark of Decarbonization Strategies in Select Chemical Companies* (continued)
Benchmark of Decarbonization Strategies in Select Chemical Companies* (continued)
Benchmark of Decarbonization Strategies in Select Chemical Companies* (continued)
Benchmark of Decarbonization Strategies in Select Chemical Companies* (continued)
Benchmark of Decarbonization Strategies in Select Chemical Companies* (continued)
Benchmark of Decarbonization Strategies in Select Chemical Companies* (continued)
Benchmark of Decarbonization Strategies in Select Chemical Companies* (continued)
Benchmark of Decarbonization Strategies in Select Chemical Companies* (continued)
Carbon Intensity in Select Major Chemical Companies
Growth Opportunity 1: Catalysts to Increase Efficiency in Chemical Processes
Growth Opportunity 1: Catalysts to Increase Efficiency in Chemical Processes (continued)
Growth Opportunity 2: Energy Efficiency Services and Infrastructure
Growth Opportunity 2: Energy Efficiency Services and Infrastructure (continued)
Growth Opportunity 3: RE Procurement Solutions
Growth Opportunity 3: RE Procurement Solutions (continued)
Growth Opportunity 4: Data Management for Sustainability Solutions
Growth Opportunity 4: Data Management for Sustainability Solutions (continued)
Growth Opportunity 5: Carbon Accounting Services
Growth Opportunity 5: Carbon Accounting Services (continued)
Acronyms
Technology Readiness Levels (TRL):* Explanation
Your Next Steps
Why Frost, Why Now?
List of Exhibits
Legal Disclaimer
- Chemical Industry: GHG Emissions, Global, 2021 Estimation
- Chemical Industry: Amount of Materials Consumed, Global, 2021 Estimation
- Chemical Industry: EU27’s Energy and Production Levels, Global, 2000–2019*
- Chemical Industry: EU27 Scope 1 GHG Emissions, Global, 1990–2019*
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