An increase in reliance on coal for power generation in Europe because of supply issues of natural gas will impact Scope 2 carbon emissions across the industry, as Scope 2 pertains to indirect emissions from purchased energy such as electricity.
This will heighten the importance in the near-term in reducing emissions from direct operations — Scope 1 — and especially from the upstream supply chain, or Scope 3, which is the origin of about 65 percent to 95 percent of a product's carbon footprint.
During a K 2022 presentation, "Chemical recycling — futue star or black hole," ICIS experts Helen McGeough and Mark Victory will consider energy security concerns and increasing investments in alternative energy sources such as biofueld and chemical recycling.
The discussion will explore how infrastructure and regulations are still the key barriers to industry hitting circularity targets and how waste shortages are rewriting chemical recycling economics.
At the same time, high energy costs are disrupting European chemical and polymer supply and demand dynamics, making forward planning a significant challenge. At the seminar, ICIS will outline raw material supply and demand growth outlooks, alongside the opportunities for producers, converters and brand owners to lower their Scope 3 emissions.
Buyers and sellers will need to adapt to a marketplace increasingly hostile to fossil fuels. Companies able to achieve low CO2 equivalent emissions and circular feedstocks will find vast opportunities to both profit for themselves and the wider society on a global scale.
Find ICIS in Hall 8a, stand C20.