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and make it a distinctive competitive advan-
tage.
In such context, technology providers and con-
tractors may find a sweet spot to build a fo-
cused value proposition and support Chemical
companies in accelerating their decarbonization
pathway.

Chemical sector
is at a turning point

The EU chemicals industry represents around 9%
of EU manufacturing by turnover (source Eurostat),
it has sales amounting to €500billion (2022), which
is about 14% of global chemicals sales (source Ce-
fi c).

The EU chemicals industry
represents around 9% of EU is rapidly becoming the “golden” standard for va-
“manufacturing by turnover; it lidation of targets, no specifi c certifi ed guidelines
is considered a “hard-to- have yet been developed for chemicals. The lack of
clear references drives heterogeneous CCF repor-
abate” industry because it is ting across chemical companies; typically, scope 1
energy intensive and abating representing emissions from own operations (e.g.,
emissions is prohibitively costly Crecker combution) ranges between 15-30% and
or impossible with current Large Chemical and
technology downstream integrated Oil
“companies are mostly setting
It is considered a “hard-to-abate” industry becau- commitments to net-zero
se it is energy intensive and abating emissions
is prohibitively costly or impossible with current by 2050 with different
technology. intermediate targets at ’30

Indeed, it largely contributes to global GHG emis- and a focus on Scope 1 and 2;
sions. In Europe, chemical industry represents no public announcements on
~15% of overall industrial emissions. specific commitments for Scope

However, it is still poorly supported by standards
and guidelines for emission accounting: while SBTi 3 emissions before 2050

Relative size of Scope 1,2 and 3 emissions in Chemical Industry | Mtons CO e, 2021
2

Impiantistica Italiana - Gennaio-Febbraio 2023 33