UPM joins the Renewable Carbon Initiative to change the foundation of chemical industry
UPM has joined the Renewable Carbon Initiative (RCI) which was founded in September 2020 by twelve leading companies in the chemical industry. The aim of the initiative is to support and speed up the transition from fossil carbon to renewable carbon for all organic chemicals and materials. “This is about a fundamental change in the chemical industry. Just as the energy industry is converting to renewable sources, renewable carbon will become the new foundation of chemical and material industries in the future. We want to accelerate the change,” says Michael Carus, CEO of nova-Institute in Germany and the head of the Renewable Carbon Initiative. The Renewable Carbon Initiative addresses the core problem of climate change, which is largely related to extracting and using additional fossil carbon from the ground.