Session Details
Chemical Sustainability
Chemical sustainability initiatives are progressing, albeit at different paces for plastics circularity, greenhouse gas reduction, and the energy transition away from fossil fuels for mobility and power generation. The initiatives have differing effects on petrochemical markets. Circularity will impact prime resin demand growth. The energy transition will impact feedstock availability, feedstock pricing and the price for process energy. Greenhouse gas reduction will impact investment and operating cost structures. Please join the Chemical Market Analytics team of experts and moderators along with our guest panelists as we explore the implications of these challenges.
Session 1: Circular Plastics
Chemical industry net zero emission goals have increased the competitive landscape complexity as plastics transition to a circular model. COVID challenges confirmed the importance of plastics while simultaneously highlighting challenges of “single use” mismanagement. The plastics ecosystem is undergoing unprecedented transformation and catalyzing industry restructuring with new business models emerging. This panel will explore structural evolution, including alliances, forward integration and governing relationships, from varied perspectives as innovation transforms the conventional plastics world into a more sustainable industry.
In its 2022 Sustainability Report, WM announced new sustainability goals for 2023 and beyond, including new recycling goals – increase our recovery of recyclable materials to 25M tons by 2030 (60% increase from 2021). WM is making investments and developing strategic alliances to capture more recyclables, particularly plastic and grow domestic markets for these materials. WM has been the leader in recycling, and we hear from the market loud and clear that our customers are not only looking for recycling solutions, but circularity solutions – they want the materials back!
Session 2: CO2 & Greenhouse Gases
Policy, emissions, and carbon cost will drive corporate net zero strategies. Translating strategy to actions necessitates a wholistic understanding of the GHG challenge and options to address it. A panelist of varied perspectives will explore each factor. Policy aspects include harmonization challenges of disparate country-level policies and timelines, and alignment with WTO directives. Emissions discussion will compare the magnitude of challenge for petrochemical producers versus suppliers and customers. Lastly, panelists will explore the cost of carbon, including mechanisms to capture and store CO2, carbon offsets, and other trading mechanisms, and how relative solutions will influence the strategic paths petrochemical producers choose.
Session 3: Energy Transition
The “Energy transition” refers to a shift in the portfolio of energy source technologies with the objective of decreasing fossil fuel use. Currently, the power generation, mobility, and industry sectors together generate about 80% of GHG emissions. Scientists, politicians, and citizens are debating the pace of transition, which is expected to be challenged by population growth and continuous development in emerging countries. Expert speakers in this section will outline various perspectives and initiatives expected to influence the direction and pace of transition.
Process electrification and digital transformation are key enablers for chemical sustainability. Their synergy brings new systems and paradigms for the chemical sector which, in turn, can provide new economic, social, and environmental benefits. Understanding and leveraging these opportunities should be examined and elucidated using 21st century know-how and technologies to maximize benefits and minimize risk. This talk will discuss these enablers in the context of the energy transition and the need for action.
Session 4: Financial Considerations
The financial community plays an important role in advancing chemical industry sustainability. Investors are critical partners in the development of new technologies and the installation of new facilities essential to carbon footprint reduction and improved circularity. Can investors, technology developers, brand owners and consumers all be beneficiaries of the drive to sustainability? Understanding what and how financial entities think regarding their interest and role in developing a more sustainable chemical industry is critical to the success of sustainability initiatives. This session will provide insights from the financial market and related community regarding the evaluation of sustainability opportunities, risks and pathways.
Topics to be discussed:
- How the Capital markets can enable a faster transition to sustainability
- Maximizing investment returns during a sustainability transition
- Funding pathways for sustainability-increased 3rd party collaboration could be the key
- How to make sustainability profitable
- Sustainability-an investors perspective on how to measure and value
- The role of alternative finance in innovating towards net zero
Manuel Carmona Yebra
Counsellor for Environment and Oceans EU Delegation to the USA
Read BioApril Crow
Vice President, External Affairs and Investor Relations Circulate Capital
Read BioCeleste Jones Baumgardt
Vice President, Corporate Development Nova Chemicals Corporation
Read BioThomas Kwan
Director Sustainability Research Schneider Electric
Read BioSteve Lewandowski
Vice President, Global Olefins & Derivatives Team Lead Chemical Market Analytics by OPIS
Read BioJonah Margulis
Head of North America Aker Carbon Capture
Read BioGanesh Nagarajan
Senior Director, Plastics Waste Management
Read BioBrian Payer
Senior Principal, Climate-Aligned Industries Program Mission Possible Partnership - RMI
Read BioPriya Ravindranath
Senior Manager, Chemical Markets Air Liquide
Read BioSamu Salo
Senior Industry Advisor IFC World Bank
Read BioCasey Selecman
Director of Powertrain Forecast AutoForecast Solutions LLC (AFS)
Read BioLisa Street
Executive Director, Head of Carbon & Climate Markets OPIS, A Dow Jones Company
Read BioMitch Toomey
Vice President Sustainability American Chemistry Council (ACC)
Read BioPhilip Wagner
Principal Research Analyst McCloskey by OPIS
Read BioRobin Waters
Executive Director, Global Circular Plastics Sustainability Chemical Market Analytics by OPIS
Read BioJames Williamson
Vice President, Global Financial & Capital Markets Team Lead Chemical Market Analytics by OPIS
Read BioDavid Yankovitz
Principal US Chemicals Marketplace Leader Deloitte
Read Bio