Transforming the Chemical Industry
Transforming the Chemical Industry
Many leading product manufacturers with brand name recognition maintain restricted substance lists and are working to assure that suppliers do not introduce those chemicals into their supply chains. While the chemical industry has reduced the production of some hazardous chemicals, there are significant forces for change that are opening up opportunities for shifting towards safer chemicals, particularly chemicals derived from plants and biomass. Pressure from industrial standard setting organizations, non-governmental organizations and investors is growing but the mainstream chemical industry has been slow to shift its product mix to safer chemicals.
Keywords: Chemical industry, product manufacturers, chemical leasing, decentralized production, biomass, biorefineries, industrial standard setting organizations, NGOs, investors
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