Episode 1305: Think Tank: How to accelerate drive to net zero carbon along chemical value chains
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The Global Impact Coalition (GIC) aims to bring chemical companies and value chain partners together to solve challenges on the road to net zero carbon. - Collective effort will bring down the cost of sustainable solutions- GIC is spin off from the World Economic Forum - Major chemical company members include BASF, SABIC, Clariant, Covestro, LyondellBasell, Mitsubishi, Syensqo, LG Chem- Automotive plastics recycling is a key focus- Fully decarbonised car would only add $900 to final price- On average decarbonising only adds 2-4% to final price of most goods- However decarbonization costs rise steeply up the value chain- GIC aims to grow geographically and along industrial value chainsICIS journalist Will Beacham interviews Charlie Tan, CEO of the GIC and Lars Kissau, president of BASF’s Net Zero Accelerator.