OUR POINTS OF VIEW
OUR POINTS OF VIEW
Position Paper 2020
NextChem joined the Alliance for Circular Economy this year.
Today the Alliance presents the new Position Paper 2020, with the roadmap towards a circular economic model: five objectives and 23 detail actions aimed at fully exploiting the potential of economic, social, environmental development and decarbonization linked to the circular economy. A 7% increase in investment, a 10% reduction in raw materials costs, over 700,000 new jobs in Europe by 2030.
Executive Summary PP 2020
The Alliance for Circular Economy believes that today there is an unique opportunity to relaunch a coordinated and decisive commitment to a new model of development. The Covid-19 crisis has reinforced what the climate crisis predicted and shown how systems (natural, economic and social) are strongly interconnected: pursuing a circular economic model is not only a required choice, but it’s an opportunity to relaunch for the country.
Hydrogen: a key enabler to unlock decarbonization opportunities
At the end of 2019, the European Commission presented the “European Green Deal”, committing to a legally binding target of reaching net-zero carbon by 2050 and therefore becoming the world’s first climate-neutral continent. This measure is accompanied with a broader roadmap of initiatives, including cutting emissions (reduction target for 2030 proposed at a level of 50-55%), investing in cutting-edge R&D (Von der Leyen – European Commission President – proposed to make up to €100 billion a year available to finance the transition to a low-carbon economy), and preserving Europe’s natural environment.
Biofuels: NextChem innovate proposition to drive the future
Discovery of biofuels traces back to 20th century, when Henry Ford designed his first Model T engine to run on ethanol. Although, as massive supply of fossil fuels became available, biofuels competitiveness decreased. Nonetheless, as regulations (mainly in EU and US) and environmental concerns regarding fossil fuels rise, an urgency to search for cleaner, renewable fuels emerges. Therefore, the search for solutions to blend or replace traditional fossil fuels with biomass-based fuels has begun.
The role of Green Chemistry
The energy transition is driving both producers and customers to rethink their future needs and what kinds of products and solutions will be required to enable a sustainable future in terms of emissions waste and economics. The scale and complexity of the shift required are huge, but it will be driven by asset owners’ increasingly moving capital employed from traditional, legacy activities to new ‘greener’ assets and by customers placing a premium on sustainable products and consumption.
In this space NextChem is a partner to develop innovative business models and technological solutions in a wide range of areas. The flexible business models enable for fast track solutions and simple piloting of new technology, always backed by consolidated engineering procurement and construction global capabilities of Maire Tecnimont Group that will also enable the delivery and scale up at global level.
Waste plastic circularity
Plastics are under pressure due to regulations, social awareness and investors who are posing increasing attention to environmental concerns and in particular on how to reduce waste. Solutions to address the plastic waste issue over the long term are urgent. Plastic packaging and components producers need to invest in the redesign of their core products increasing the usage of recycled plastic from waste rather than from virgin naphtha. Plastics sustainability is a complex problem that will impact the entire plastics value chain, thus also including in different capacities petrochemical companies, Fast Moving Consumer Goods companies (FMCG), and waste management companies. The transition to a new circular plastic economy requires players in the value chain to integrate recycling technologies into their traditional business model. This means exploring different technologies and partner with new players.