Jun 12, 2024
Chemicals – The New Era
INGEVITY IN THE NEWS
The following is an excerpt from a June 2024 Investment Reports article published in Newsweek Magazine
The environmental impact of chemical contamination and plastic waste is well-documented. The image of plastic on our shores is etched in our memories. Yet, the complexity of the issue is often overlooked. Why is there so much plastic polluting our oceans? Is this a problem of plastic waste or plastic production? Considering the chemicals industry contributes 5 percent of global greenhouse gas emissions, according to the International Energy Agency (IEA), what purpose does this industry really serve?
Over the past four months, I have had conversations with leaders from 75 top chemical companies and associations across the U.S., Europe and Asia to uncover the deep truth behind the role of chemicals in our lives. Every day, you and I use, see, touch, or taste dozens of products that originate from the chemicals industry. If chemicals were to disappear, our quality of life would suffer significantly.
While it is a large contributor to greenhouse gas emissions and is having to answer for the harmful chemicals present in our environment, the chemicals industry will be crucial to the energy transition and the next phase of modernity. This piece will showcase key innovations being developed by the industry and the challenges it faces.
Read the full article, including an interview with Ingevity president and CEO, John Fortson.
