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.
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