10. THE ECONOMICS OF GREEN AND SUSTAINABLE CHEMISTRY
Published Online: 31 JAN 2014
Copyright © 2014 American Institute of Chemical Engineers, Inc.
Green Chemistry and Engineering: A Pathway to Sustainability
How to Cite
Marteel-Parrish, A. E. and Abraham, M. A. (2013) THE ECONOMICS OF GREEN AND SUSTAINABLE CHEMISTRY, in Green Chemistry and Engineering: A Pathway to Sustainability, John Wiley & Sons, Inc, Hoboken, NJ. doi: 10.1002/9781118720011.ch10
- Published Online: 31 JAN 2014
- Published Print: 28 OCT 2013
Print ISBN: 9780470413265
Online ISBN: 9781118720011
- chemical manufacturing;
- economic theory;
- green chemistry
This chapter introduces and demonstrates the economic and, in turn, the correlated societal and environmental benefits that are gained when the principles of green chemistry and green engineering are introduced into a technology. It introduces the concepts, economic benefits, and needed thinking in order to increase the viability and introduction of technologies that employ green chemistry and green engineering into practice and the marketplace. In actuality, economic theory can be applied with increasing complexity to three levels of scale: (i) microscale or plant scale, (ii) corporate scale, and (iii) macroscale or economy scale. Although the principles of green chemistry and green engineering have been established for well over a decade, only recently have companies begun large-scale implementation and use of these concepts for industrial applications, often with emphasis on developing renewable feedstocks for chemical processes.