The expense of decarbonizing the chemical processes used to produce lower-margin substances like methyl-diphenyl diisocyanate and acrylic acid on a large scale is an emerging challenge for the chemical industry. The transition is a once-in-a-century opportunity for the sector, but government support will be needed to minimize the risk associated with early technological advances, said BASF CEO Martin Brudermuller.
Cost a barrier to decarbonizing chemical processes
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