TY - CHAP
T1 - Reinventing the Chemicals/Materials Company
T2 - Transitioning to a Sustainable Circular Enterprise
AU - Stephanopoulos, George
AU - Bakshi, Bhavik R.
AU - Basile, George
N1 - Publisher Copyright:
© 2022 Elsevier B.V.
PY - 2022/1
Y1 - 2022/1
N2 - 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.
AB - 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.
KW - Circular economy
KW - Climate change
KW - Energy, Environmental systems
KW - Process/product redesign
KW - Sustainability
UR - http://www.scopus.com/inward/record.url?scp=85136292388&partnerID=8YFLogxK
UR - http://www.scopus.com/inward/citedby.url?scp=85136292388&partnerID=8YFLogxK
U2 - 10.1016/B978-0-323-85159-6.50011-7
DO - 10.1016/B978-0-323-85159-6.50011-7
M3 - Chapter
AN - SCOPUS:85136292388
T3 - Computer Aided Chemical Engineering
SP - 67
EP - 72
BT - Computer Aided Chemical Engineering
PB - Elsevier B.V.
ER -