26th October 2021 – Solutions for energy intensive industry
Energy intensive industries are one of the key greenhouse gas emitters, accounting for about 25 per cent of total CO2 emissions globally. The decarbonisation of industries producing cement, iron and steel, and chemicals/petrochemicals is a top priority to attain carbon neutrality and Paris Agreement targets. These industries are the backbone for modern economies, and they will play an important role in driving a low-carbon post-Covid recovery – among many other uses, steel and concrete structures are required for wind power, thermal insulation for energy efficiency and lightweight materials for electric cars. Plenty of challenges remain to achieving a carbon-neutral industry. They include a wide range of unreplaceable energy-intensive carbon-emitting industrial processes, low-profit margins for commodity products in a global competitive environment and the expected rise of demand for carbon-intensive materials in sectors, such as buildings, transport, and health care.