Ecofys, a Navigant company, looks toward 2050 by charting a course to significantly reduce the industry's greenhouse gas emissions
With innovation, the Dutch chemical industry could reduce its greenhouse gas emissions by up to 95 percent by 2050. In the 2050 Roadmap, prepared for the Dutch Chemical Industry Association (VNCI), Ecofys, a Navigant company, and Berenschot, say that on top of that, the sector could achieve the reductions while continuing to grow its added value by 1 percent per year.
Ecofys based the Roadmap study on an extensive analysis of options, including alternative feedstocks (e.g., biomass), electrification using renewable power, and closing the carbon cycle (e.g., recycling of plastics, carbon capture & utilization, and carbon capture & storage). The study also identifies the significant investment needed to realize the targeted emission reduction by 2050 — roughly €63 billion. This figure is comprised of around €26 billion to be invested in the chemical industry, and around €37 billion in the energy system.