Episode 1305: Think Tank: How to accelerate drive to net zero carbon along chemical value chains

The Global Impact Coalition (GIC) aims to bring chemical companies and value chain partners together to solve challenges on the road to net zero carbon. 

-          Collective effort will bring down the cost of sustainable solutions

-          GIC is spin off from the World Economic Forum 

-          Major chemical company members include BASF, SABIC, Clariant, Covestro, LyondellBasell, Mitsubishi, Syensqo, LG Chem

-          Automotive plastics recycling is a key focus

-          Fully decarbonised car would only add $900 to final price

-          On average decarbonising only adds 2-4% to final price of most goods

-          However decarbonization costs rise steeply up the value chain

-          GIC aims to grow geographically and along industrial value chains

ICIS journalist Will Beacham interviews Charlie Tan, CEO of the GIC and Lars Kissau, president of BASF’s Net Zero Accelerator.