SUSTAINABILITY
Chemical Companies Team Up to Accelerate Net-Zero Climate Technologies Key players from the chemical industry, in collaboration with the World Economic Forum, are teaming up to move the Low-Carbon Emitting Technologies (LCET) initiative into its implementation stage by the end of 2023.
S
everal key players from the chemical industry – including Dow,
reason, most industries are customers of the chemical industry. Our
BASF, Solvay, Clariant, Air Liquide, Covestro Mitsubishi Chemical
role is to enable our customers to reduce their carbon footprint. In
Corp., Royal DSM, SABIC, and SIBUR – have joined forces to
order to address these challenges, we need to share technologies and
establish a breakthrough development platform by 2023, within the
common approaches,” said Conrad Keijzer, Chief Executive Officer at
LCET initiative framework.
Clariant.
Following a two-year period of analysis and collaboration between
A Project Development Company (PDC) will be designed as a
the industry players and the World Economic Forum, this agreement
new stand-alone entity operating on a pre-competitive basis and
represents the transition from a knowledge-sharing platform to an
supporting partners in setting set-up joint projects aiming to share
implementation tool aimed at accelerating greenhouse gas reductions
early-stage development risks and invest jointly in the development
in the chemical production chain.
and implementation of low-carbon technologies.
“Chemicals are present in almost all products of daily life. They are
“We are working together in the LCET initiative to jointly address
essential to more than 95% of the goods produced worldwide. For this
mission-critical technology challenges that cannot be tackled by one
122
N. 72 - NOVEMBER/DECEMBER 2021 - international PAINT&COATING magazine
