The business of chemistry is energy-intensive. This is especially the case for basic chemicals as well as certain specialty chemical segments (e.g., industrial gases). It relies upon energy inputs not only for fuel and power for its operations, but also as raw materials in the manufacture of many of its products. For example, oil and natural gas are raw materials (termed “feedstocks”) for the manufacture of organic chemicals. At the same time, the business of chemistry is saving energy, driving clean energy and improving sustainability. Since 1974, the business of chemistry has reduced energy consumption by more than half as part of its ongoing commitment to sustainability.
Economic data generated from the Guide to the Business of Chemistry 2014.