Tackling the top circular economy challenges for chemical companies
A recent World Economic Forum report found that as much as 95 percent of global product value is lost each year due to unrecovered chemical assets. Meanwhile, the majority of consumers are clamoring for more eco-friendly products. These combined factors are driving a new circular economy focused on reused and recycled materials. But what challenges do chemical companies face in this emerging economy?
This white paper highlights challenges, including:
- Choosing materials that are eco-friendly throughout the manufacturing pipeline
- Adopting more effective internal recycling processes and more efficient manufacturing practices
- Looking at net impact and creating products that are safer, more energy-efficient and environmentally-friendly overall
- Recognizing the importance of collaboration, data-sharing and easy access to information on material compatibility and chemical toxicity