There is no doubt that we are in unprecedented times. Nothing is more pressing today than climate change. The world is at a crossroads. It has to decide how it wants to live in the future.
Never has it been more important for people to understand how fundamental the chemical industry is to modern life and to tackling the global issues we all face.
It touches almost everything in our lives – our phones, our clothes, homes, transport and healthcare. One cannot exist without the other.
Despite that, we know change is coming and we are reshaping our business.
We understand the challenges facing the world, now and in the future, and are clear about our role in addressing those challenges.
An energy transition is underway, calling for a joined-up, holistic approach in how to move away from fossil fuels towards alternative energy sources such as solar, wind and hydrogen.
Chemistry is our business, and our chemical products and processes will play an essential part in this transition.
Climate change and the circular economy are the cornerstone of our strategy and we remain focused on an innovative approach to recycling and renewables.
Following the Paris Climate Agreement of 2015, most nation states have set the goal to achieve a net zero emission economy by 2050, and are adopting regulations and legislation to support this.
This edition of INCH looks at some of the plans and actions INEOS businesses have put in place to ensure that they make the transition to a net zero economy by no later than 2050, whilst remaining profitable, and staying ahead of evolving regulations and legislation.
INEOS is working with Wrightbus, the world's first hydrogen-powered double decker bus, to showcase hydrogen as fuel of the future.
The StreetDeck Hydroliner from Wrightbus is equipped with a hydrogen fuel cell powertrain and its battery pack can store up to 48KWh that allows the bus to travel up to 280 miles, emitting water rather than carbon dioxide as it goes. It was designed to meet the demands of both bus drivers and passengers. The bus has been developed as part of the JIVE project funded by the European Union (Joint Initiative for Hydrogen Vehicles Across Europe).