Besides the energy transition, which is mainly focusing on renewable energy generation, there is a growing awareness about the importance of the materials transition. Carbon demand will change fundamentally for the energy, transport, chemicals & materials sectors.
More specifically, the transition entails the replacement of fossil carbon feedstocks (coal, oil and natural gas) by circular carbon feedstocks (waste, biogenic residues and carbon dioxide) to produce fuels and starting materials for the chemical industry. This transition is essential for achieving a Net Zero and Circular Industry by 2050.
The concept of the circular carbon merit order presented in this key Insight provides insights and assists in science-based decision-making on the basis of the most effective circular carbon value chains.