Net Zero Industry Tracker 2024 Primary Chemicals

Primary chemicals industry net-zero tracker10 To reduce emissions, the industry must prioritize CCUS, energy efficiency and plastics recycling now, while advancing electrification, fuel shifts, bio-based feedstocks and hydrogen for lasting impact. –The increase in demand for primary chemicals over the past five years has driven a rise in emissions, as this energy-intensive industry relies heavily on fossil fuels for both feedstock and process energy, substantially contributing to CO2 emissions. –CCUS and chemicals recycling, along with electrification and energy efficiency measures, are expected to reduce around half of the emissions in the primary chemicals sector by 2050. 0.1%2%2% Decrease in absolute CO2 emissions (2022-2023)Decrease in emission intensity (2022-2023)Increase in demand (2022-2023) *Primary chemicals include ethylene, propylene, benzene, toluene, mixed xylenes, ammonia and methanol Net-Zero Industry Tracker: 2024 Edition 1