Towards a Green Chemical Industry
Sustainability has become a real business driver for the chemical industry. Industry leaders know that solutions with lifecycle environmental benefits can present viable business cases that make sense. In many cases such solutions outperform in terms of growth as well as margin. The transition to a bio-based and circular economy thereby provides a real business opportunity for the sector.
Environmental Intelligence is a foundational business requirement. It leads to better information, improved decision making and better disclosures.
But in reality, companies lack environmental intelligence to provide steer to their journey. The demand for robust environmental information, available in near real time, has never been higher. Stakeholders from key departments such as R&D, procurement and finance require more environmental information than companies currently have at hand. Better information leads to better company decisions and better external disclosures. Hence environmental intelligence is not a nice to have, it is becoming a foundational business requirement.
Since both regulatory and energy costs are much higher in Europe than anywhere else, the European chemical industry put great effort in decreasing its energy intensity and did so by almost 60% over the last 25 years. On top of that, its greenhouse gas emission plummeted by 79% and the industry embraced REACH to prove European chemicals are among the safest and should face fewer barriers to trade. However, to maintain its share of the global market, chemical producers need to step up their sustainability game.
Integrated Environmental Intelligence helps (specialty) chemical producers strengthen their competitive advantage
The efforts to limit energy waste and emissions have set the path to capitalize on three other great opportunities; process innovation, flexible use of raw materials (renewables) and the overall transition to circular business models. Environmental Intelligence helps you with all three.
Chemical producers benefit from insights into environmental hotspots
Environmental intelligence enables you to digitally and efficiently conduct the Life Cycle Assessments and Environmental Product Declarations (LCA’s & EPD’s) of your product portfolio. The consolidated results offer an integrated insight into the environmental performance of your company’s products and processes, and point out environmental hotspots in your supply chain.
Increase process efficiency
Environmental intelligence helps to optimize lean, smart and efficient production processes and that is essential to respond to the increased demand for customized green chemical products, often produced in small batches. Environmental Intelligence provides you with a clear insight into process inefficiencies that help to decrease energy and material waste further, increase efficiency and help you to react quickly to changing market demands.
Decrease dependency on a single group of raw materials
Environmental Intelligence helps you to model the use of alternative raw materials that are sustainable, economically feasible, and scalable. It also helps you to discover the right value chain partners that help your company release itself from its dependence on scarce raw materials.
Unleash the potential of the circular economy
Seeking to enhance resource efficiency, the concept of a Circular Economy is an essential driver for global policymakers and the markets. The demand for sustainable products is snowballing. Downstream industries are increasingly adopting the circular economy, driven by regulation and growing consumer awareness. The chemical industry, as a primary ingredient provider for practically all industries, has the power to boost circularity downstream in many value chains. Co-designing reusable products with downstream market players as well as green chemical design can create new growth markets for the chemical industry. Environmental Intelligence provides the rationale to make the right decisions and move forward with specialty products that are circular-by-design and economically feasible.
Environmental Intelligence can quantify environmental improvements and can be used to monitor the environmental performance of lean processes and products continuously. These results can easily be communicated to value chain partners and customers, enabling green chemical companies to build a substantial competitive advantage.
- Determine the environmental hotspots in your value chain
- Discover and assess process inefficiency
- Decrease the dependency on scarce raw materials
- Build a competitive advantage
- Increase growth by benefiting from the circular economy