29 March 2010 01:02 [Source: ICIS news]
SAN ANTONIO, Texas (ICIS news)--The chemical industry can be an enabler in the battle to reduce greenhouse gas emissions and tackle global warming, the chairman of Sumitomo Chemical, Hiromasa Yonekura, said on Sunday
“Climate change and the reduction of greenhouse gas emissions is one of the greatest challenges of our time, and opportunity for the global petrochemical industry,” he said at a symposium organised by the Chemical Heritage Foundation and held at the International Petrochemical Conference (IPC).
“Through technical innovation we can achieve more efficient use of fossil resources, and maintain the prosperity of our industry for a long time,” he added.
The industry has the technology and capability to produce products such as new plastics for lightweight vehicles to increase fuel efficiency, polymer organic light-emitting diodes (OLEDs) to reduce energy consumption and materials to enable hybrid-electric vehicles, said Yonekura.
“I’m a firm believer in the creative power of chemistry,” Yokenura said on receipt of the Petrochemical Heritage Award, from the Foundation, the National Petrochemical & Refiners Association (NPRA) and the association’s Founder’s Club.
“The petrochemical industry will have a big influence on the development of renewable energy technology,” he added.
Hosted by the NPRA, the IPC continues through Tuesday.
To discuss issues facing the chemical industry, go to ICIS connect
For the latest chemical news, data and analysis that directly impacts your business sign up for a free trial to ICIS news - the breaking online news service for the global chemical industry.
Get the facts and analysis behind the headlines from our market leading weekly magazine: sign up to a free trial to ICIS Chemical Business.
|ICIS news FREE TRIAL|
|Get access to breaking chemical news as it happens.|
|ICIS Global Petrochemical Index (IPEX)|
|ICIS Global Petrochemical Index (IPEX). Download the free tabular data and a chart of the historical index|