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Evaluation of Recent Reports on the Future of a Net-Zero Chemical Industry in 2050 (PDF)

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The Renewable Carbon Initiative’s Scientific Background Report assesses 24 scenarios from 15 studies to envision a net-zero chemical industry by 2050. The analysis anticipates continued growth in chemical production, projecting a 2.4-fold increase in global feedstock demand by 2050 compared to 2020 levels, with most expansion expected outside Europe while European feedstock volumes remain stable. To achieve net-zero emissions, the industry is projected to undergo a significant shift in feedstocks, with key renewable carbon sources identified as biomass (22%), carbon capture and utilisation (33%), and recycling (20%), while the remaining 24% comes from fossil sources with carbon capture and storage. For plastics specifically, recycling is expected to play an even larger role, accounting for 42% of feedstocks on average. This transition will require continued innovation and investment in renewable carbon technologies to meet ambitious defossilisation goals.

The report provides invaluable insights for industry leaders, policymakers, and researchers, highlighting the urgent need for action to achieve a net-zero future in the chemical sector by 2050.

Authors
Renewable Carbon Initiative (RCI)
Date of publication
Nov 2024
Pages
20
Language
File type
PDF
Downloads
355