The Carbon Managers

1️⃣ In an era of unprecedented change, EU chemical companies are leading the way towards a climate-neutral and circular future by 2050. The European Chemical Industry Council (Cefic) has introduced “The Carbon Managers,” a comprehensive report developed through the iC2050 modelling tool. This tool delves into the intricate connections within the chemical value chains, exploring the shift towards climate-neutrality and circularity.
2️⃣ “The Carbon Managers” report offers valuable insights into various data-driven scenarios, highlighting the importance of enabling conditions such as electrification, hydrogen, carbon capture, biomass, and recycling. It emphasizes the significance of alternative feedstocks like recycled waste, captured CO2, and biomass in achieving carbon neutrality.
3️⃣ The report also provides economic perspectives on the resources and investments essential for this transition.
Recognizing the pivotal role of carbon in chemical processes, the industry acknowledges its importance and envisions a sustainable future through enhanced resource circularity. The report underscores the industry’s role as a “carbon manager,” essential for establishing sustainable carbon cycles. It advocates for an integrated approach combining electrification, bio-based feedstocks, chemical recycling, and carbon capture to achieve climate neutrality and circularity effectively.
4️⃣ The iC2050 modelling tool serves as a compass for decision-makers, offering a comprehensive view of the transformative journey ahead. With over 70 technologies, 100 materials, and 450,000 constraints and parameters covered, the report provides a detailed analysis of the industry’s path towards a sustainable and circular chemical sector.

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