Polyurethanes: what upside in energy transition?

Polyurethanes are elastic polymers, used for insulation, electric vehicles, electronics and apparel. This $75bn pa market expands 3x by 2050. But could energy transition double historically challenging margins, by freeing up feedstock supplies? This 13-page note builds a full mass balance for the 20+ stage polyurethane value chain and screens 20 listed companies.

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