Circular Economy in the Chemical Industry: Opportunities and Solutions

Abstract

The circular economy is becoming a key concept in the transformation of the chemical industry towards a more sustainable and resource-efficient use. This paper focuses on concrete and operational examples of circular solutions implemented in chemical company, bringing both economic and environmental benefits. The potential of closed-loop material flows in chemical operations will be examined in more detail, in particular closed loops of materials, catalysts and solvents. Attention will also be paid to wastewater management possibilities, closed material loops of packaging materials. Specific corporate measures reflecting R-strategies usable in the conditions of chemical production and products will be presented. Regulatory, technology, market and economic challenges that may impact the wider implementation of these approaches will also be discussed.