Chemicals & Petrochemicals | Low Carbon Chemicals & Fertilizers | Government Policies
This article explores the decarbonization of the petrochemical industry, highlighting that direct CO2 emissions have increased by 41% from 2010 to 2020, with a 12% reduction needed by 2030 to stay on track for net-zero by 2050. It discusses the role of biobased feedstocks, advanced recycling technologies, and the adoption of Carbon Capture and Storage (CCS), emphasizing the critical need for enhanced governmental policies and investments to accelerate these technologies and achieve substantial emission reductions.