69% of chemical industry has embraced sustainability, says Genomatica and ICIS survey
September 8, 2014
| Isabel Lane
In California, Genomatica has announced the results of a survey on sustainability issues in the chemical industry.
Key findings from 958 respondents include:
- 69% say their company has a sustainability policy in place or are currently developing one.
- 67% describe their company’s top business priority in sustainability as either promoting or marketing sustainable products, taking an active lead on sustainability issues, or engaging customers on a business level.
- 81% of producers say it’s very or moderately important to be a front runner in sustainable chemicals.
- Amongst producers of renewable feedstocks, 35% are investing in R&D and 31% have a strategic commitment to their use.
- On economics, 43% of producers say there is long-term economic advantage to renewable feedstocks; and 51% say they should reduce exposure to the petroleum market.
The survey was conducted together with ICIS, one of the world’s leading chemical and energy market information providers.
Category: Fuels