Industrial Chemistry

The chemical industry needs to significantly decrease carbon dioxide (CO2) emissions in order to meet the 2050 carbon neutrality goal. Utilization of CO2 as a chemical feedstock for bulk products is a promising way to mitigate industrial emissions; however, CO2-based manufacturing is currently not competitive with the established petrochemical methods and its deployment requires creation of a new value chain.
The greenhouse gas (GHG) emissions of the marine sector were around 2.6% of world GHG emissions in 2015 and are expected to increase 50%–250% to 2050 under a “business as usual” scenario, making the decarbonization of this fossil fuel-intensive sector an urgent priority. Biofuels, which come in various forms, are one of the most promising options to replace existing marine fuels for accomplishing this in the short to medium term.