Petchems decarbonization pace builds: Several key energy-transition project milestones are set to be ticked off in 2024.

The article reports that the petrochemical industry faces significant challenges in achieving net-zero emissions by 2050 due to its heavy dependence on hydrocarbon-based feedstocks and energy. Despite ongoing efforts, reliance on fossil-based materials is expected to continue for decades, with the industry exploring technologies like electrically-powered crackers and renewable power supply arrangements to address decarbonization challenges.