Reinventing the Chemicals/Materials Company: Transitioning to a Sustainable Circular Enterprise

George Stephanopoulos, Bhavik R. Bakshi, George Basile

Research output: Chapter in Book/Report/Conference proceedingChapter

1 Scopus citations

Abstract

Decarbonization of the Chemicals/Materials Industry (CMI) is feasible, even though technical and economic hurdles exist. However, given the prevailing constraints (economics, green electricity, available biomass), and weak decoupling of GDP from resource utilization, it is clear that the industry cannot achieve the Paris Agreement targets without transforming itself to a Sustainable Circular Enterprise. Such transformation will have deep and broadly-based ramifications on the economy, the structure of CMI and the character of CMI-companies, which need to reinvent themselves. In this paper we will offer data and arguments to substantiate the above statements, and will outline the questions that need to be answered by academic research.

Original languageEnglish (US)
Title of host publicationComputer Aided Chemical Engineering
PublisherElsevier B.V.
Pages67-72
Number of pages6
DOIs
StatePublished - Jan 2022

Publication series

NameComputer Aided Chemical Engineering
Volume49
ISSN (Print)1570-7946

Keywords

  • Circular economy
  • Climate change
  • Energy, Environmental systems
  • Process/product redesign
  • Sustainability

ASJC Scopus subject areas

  • Chemical Engineering(all)
  • Computer Science Applications

Fingerprint

Dive into the research topics of 'Reinventing the Chemicals/Materials Company: Transitioning to a Sustainable Circular Enterprise'. Together they form a unique fingerprint.

Cite this