Executives’ insights about by-products made by recycled CO2: the case of CPGs industry
European Accounting and Management Review (EAMR), 2022
by Antonia Delistavrou, Irene Tilikidou and Eugenia Papaioannou (Department of Organisations Management, Marketing and Tourism, International Hellenic University)
Abstract
This paper presents parts of an exploratory, mix-methodology study that concerns the innovative technology of carbon capture and utilization (CCU) in the production of chemical oxo-products. Experts with 13 European CPGs industries were surveyed. It was found that recycling and conservation of energy and water technologies are carried out in all factories, while green applications that concern the composition of products are implemented by half of the industries. All executives hold positive attitudes towards innovative technologies that concern carbon neutrality. Half of them were found willing to include the new, green oxo-products (Glycolic acid, n-Valeraldheyde and LimoxalTM) in their production process of their GPCs, stating prerequisites that concern quality and actual contribution to neutrality. The reservations that were expressed by the other half of the respondents concern the low level of awareness about the recycled CO2 oxo-products and the early stages of CCU implementation.