Content Provider for Newsweek

05 June 2024

Chemicals - The New Era

  • Chemicals

Over the past four months, we have had conversations with leaders from 75 top chemical companies and associations across the U.S., Europe and Asia to uncover the deep truth behind the role of chemicals in our lives. Every day, you and I use, see, touch, or taste dozens of products that originate from the chemicals industry. If chemicals were to disappear, our quality of life would suffer significantly.

While it is a large contributor to greenhouse gas emissions and is having to answer for the harmful chemicals present in our environment, the chemicals industry will be crucial to the energy transition and the next phase of modernity.

This piece will showcase key innovations being developed by the industry and the challenges it faces while providing a toolbox for you to better address challenges you may personally encounter with chemicals in your daily lives.

 

Reporter & Sr. Director: Julian Issa

Project Director: Libby Jennings

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Fun Facts

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359BN IRA

$369 Billion for energy security and climate change initiatives.

Source: IRA

639 bn

$639 Billion generated annually by the U.S. chemicals industry.

Sources: (The Business of Chemistry, By The Numbers; American Chemistry Council, 2023) (World plastics production 2022; Plastics Europe, 2023)

Plastics

Proportion of bioplastics in the overall global plastics market.

Sources: (The Business of Chemistry, By The Numbers; American Chemistry Council, 2023) (World plastics production 2022; Plastics Europe, 2023)