Chemical companies face unique challenge during energy transition

  • 📰 HoustonChron
  • ⏱ Reading Time:
  • 24 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 13%
  • Publisher: 51%

United Kingdom News News

United Kingdom United Kingdom Latest News,United Kingdom United Kingdom Headlines

Leaders of the world’s largest chemical companies are grappling with an important...

Staff works on Gulf Coast Growth Ventures, SABIC and ExxonMobil’s multi-billion-dollar plastics manufacturing facility, in Gregory on Wednesday, July 28, 2021.Leaders of the world’s largest chemical companies are grappling with an important question: how to grow production while cutting emissions?

The materials used to make vehicles more energy-efficient come from chemical companies, they said. As do materials used in solar panels, wind turbines, home insulation and lower-carbon alternatives to cement. Producing more while reducing emissions will take innovative new strategies such as carbon capture and hydrogen fuel systems, they said. Both McKee and Dow CEO Jim Fitterling said carbon pricing needs to step in and drive incentive for these expensive projects.

 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.
We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

 /  🏆 609. in UK

United Kingdom United Kingdom Latest News, United Kingdom United Kingdom Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

Exxon hires ex-GM exec Dan Ammann to lead energy transition businessHOUSTON — Exxon Mobil Corp. on Tuesday appointed Dan Ammann, former president of automaker General Motors, to lead the oil company's energy transition busin
Source: therealautoblog - 🏆 528. / 51 Read more »