ICIS/Genomatica Survey Shows Growing Interest in Sustainability

January 21, 2013

Chemical producers globally, both large and small, are clearly ­engaging in sustainability and green chemistry. The concept and practice of sustainability is being extended right across the supply chain, from suppliers to customers, and into the way producers think about their businesses and operating decisions.

In recent years, uptake of sustainability has been significant, with the majority of companies seeing it as cost-effective. This is a big swing from conventional thinking not so long ago, when it was viewed as more of a cost than a benefit. A "green premium" for products was seen then as critical to commercial ­considerations.

Companies now are looking for cost savings, improved raw materials supply and reduced carbon footprint, and are clearly seeking to use sustainability in their product design and marketing.

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