Episode 529: Drive to lower carbon means no new steam crackers after 2030

ICIS - chemical podcasts

English - February 08, 2021 00:00 - 20 minutes - 27.5 MB
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The climate change agenda means that no new steam crackers will be built beyond 2030 as the chemical industry harnesses new technologies and investors steer clear of high carbon projects.
- No new steam crackers will be built from 2030
- Decarbonisation, sustainability will drive future investment decisions
- Chemical companies will harness new technologies like green hydrogen, electric furnaces
- Oil companies, governments will drive change
- Smart phone market highlights how chemical companies must focus on consumers, not feedstocks
- Coronavirus makes oil refinery rationalisation more urgent
- Conversion to biofuels, recycling will alter feedstock mix for chemicals