10.03.2021 • TopicsExperts StatementsInterviewCMI0121

Expert Statement: Rudolf Staudigl, Wacker Chemie

The European Chemical Industry has set out on an ambitious path to become carbon neutral.

Rudolf Staudigl, President and CEO, Wacker Chemie
Rudolf Staudigl, President and CEO, Wacker Chemie

Germany, as one of the major chemical manufacturing nations, has committed to achieve this goal by 2050. But companies need to translate this industry vision into their specific context.
System changes of the scale of CO2 neutrality for a whole industry sector require a new mindset. Major transformations command long lead times and require consistent and persistent follow-through. It is all but clear whether enough value is created to justify the huge investments and how new value generated is distributed among critical players and investors.

CHEManager asked executives and industry experts to share their opinions on this industry transformation, which is a multi-stakeholder challenge and comprises economical, technical, societal and political aspects. We proposed to discuss the following aspects:

  • What is your strategy / timeline to become carbon neutral and what are the key challenges on the path to achieve this goal?
  • What political / regulatory mea­sures are needed to encourage companies to invest in carbon neu­tral technologies?
  • What economical / societal benefits do you expect or hope for by decarbonizing your business?
  • How do you plan to involve external stakeholders critical for achieving CO2 neutrality?

 

Rudolf Staudigl: The economic fallout of the coronavirus pandemic poses exceptional challenges to industry — and energy-intensive companies in particular. Transforming industry and putting it on a path toward climate neutrality while strengthening its ability to innovate and compete in today’s difficult economic climate will require new political tools.
Europe’s energy-intensive, basic-materials industry needs a stable industrial electricity price in order to compete on a level-playing field with Northwest China and other regions.
Otherwise, industrial processes and energy procurement cannot reach climate neutrality by 2050 without the loss of competitiveness and business.
For Germany, Wacker proposes that roughly 120 TWh per year should be made available on an annual basis to the energy-intensive industry at a maximum price currently set at 40 €/MWh. The price level however needs to be flexible, as the reference point for effective carbon leakage protection is never the absolute price of electricity, but always defined as the relative difference to that paid by international competitors. The typical international costs of generating electricity from coal could serve as an index, as could a mix of international indus­trial electricity prices from relevant competitor regions.
Domestic production of renewable electricity must at least double by 2030. The success of energy-intensive industry‘s transformation will depend on an ambitious expansion of renewable energy and power distribution grids. Renewable energy represents the backbone for climate protection in German and European industry.
Over the past few years, we have achieved substantial progress on both the political and technological front — from energy storage and electromobility to global climate agreements. The coronavirus pandemic is no reason to let down our guard with respect to climate change. It is instead a call to set the right course for the future now.

Free Virtual Event

Sustainability in Bioprocessing
Bioprocess Forum

Sustainability in Bioprocessing

Join us to explore hot topics in sustainable bioprocessing like the industrial potential of enzymatic synthesis, innovative biocatalysis techniques, and the use of digital twins in bioprocessing.

Innovation Pitch

The Start-up Platform for Chemistry & Life Sciences
Discover Tomorrow’s Innovators

The Start-up Platform for Chemistry & Life Sciences

CHEManager Innovation Pitch supports innovation in the chemistry and life sciences start-up scene. The platform allows founders, young entrepreneurs, and start-ups to present their companies to the industry.