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Within the petrochemicals’ industry, sustainability-focused legislation is driving initiatives in carbon capture, utilization and storage (CCUS). Companies worldwide are facing challenges in CO2 reduction throughout their supply chains as they seek to make their manufacturing operations more sustainable. An increasing number of customers throughout he petrochemicals supply chain are coming to S&P Global to find answers in support of their CO2 reduction initiatives. In some cases this can even involve entering new businesses. Following a short overview of global CO2 markets, S&P Global will review some of the newer initiatives in CO2 use. This ranges from new approaches for well-established commodities to emerging specialties, as well as potential longer term opportunities in early stage development. Certain exciting case studies will be highlighted, sometimes requiring a significant rethink of conventional approaches.
Adapted from its recent work, S&P Global will describe a hypothetical case study exploring some of the options possible for CO2 valorization covering opportunities involving organic and inorganic chemistry, with an emphasis on market opportunity, technology maturity, potential volumes of CO2 converted, as well as strategic alignment with wider business goals. Potential outcomes will be discussed.
Before CO2 can be used cost-effectively it must be captured and purified cost-efficiently. S&P Global will provide an overview of some of the emerging processes for CO2 recovery and cost impact set against the scenarios that the company has developed for assessing future sustainability impact on petrochemical production economics and pricing. This will be illustrated with a case study to illustrate the impact of CO2 cost/price. In this way, S&P Global will explore key issues facing petrochemical producers, together approaches to finding solutions, together with their cost/benefit impact.