Components of sustainability considerations in management of petrochemical industries

Sustainability comprises three pillars of social, environmental, and economic aspects. Petrochemical industry has a great inter-related complex impact on social and economic development of societies and adverse impact on almost all environmental aspects and resource depletion in many countries, which make sustainability a crucial issue for petrochemical industries. This study was conducted to propose components of sustainability considerations in management of petrochemical industries.A combination of exploratory study—to prepare a preliminary list of components of sustainable business in petrochemical industries based on review of literature and Delphi—to obtain experts’ view on this preliminary list and provide a detailed list of components and sub-components that should be addressed to bring sustainability to petrochemical industries, were used.Two sets of components were provided. First general components, which include stakeholders (staffs, society, and environment) with four sub-components, financial resources with 11 sub-components, improvement of design and processes with nine sub-components, policy and strategy of cleaner production with seven sub-components and leadership with seven sub-components. The second operational components included raw material supply and preparation with five, synthesis with ten, product separation and refinement with nine, product handling and storage with five, emission abatement with eight, and improvement of technology and equipment with 16 sub-components.

[1]  Ozigi Obeitoh,et al.  Corporate Sustainability Initiatives on Employees and Financial Performance , 2018 .

[2]  S. Evans,et al.  A value mapping tool for sustainable business modelling , 2013 .

[3]  Cecília M.V.B. Almeida,et al.  Integrating cleaner production into sustainability strategies: an introduction to this special volume , 2015 .

[4]  Ben Hua,et al.  Supply chain optimization of continuous process industries with sustainability considerations , 2000 .

[5]  H. Kane,et al.  Sustainable development: a guide to our common future; the report of the WCED , 1989 .

[6]  P. Agamuthu,et al.  Indicators for assessment of sustainable production: A case study of the petrochemical industry in Malaysia , 2013 .

[7]  Ping-Yu Chen,et al.  Measuring green productivity of country: A generlized metafrontier Malmquist productivity index approach , 2013 .

[8]  B. Dale,et al.  Self-assessment: A study of progress in Europe's leading organizations in quality management practices , 1996 .

[9]  Ronald Sanabria.  Evolving ecotourism alliances conserve biodiversity in the Galapagos Islands. , 2001 .

[10]  Jan Recker,et al.  Enablers and Barriers to the Organizational Adoption of Sustainable Business Practices , 2010, AMCIS.

[11]  C. Huffman.  Improving the environment , 1999 .

[12]  J. Fresner.  Cleaner production as a means for effective environmental management , 1998 .

[13]  Germán Arana,et al.  Alternative models for environmental management in SMEs: the case of Ekoscan vs. ISO 14001 ☆ , 2010 .

[14]  S. Evans,et al.  A literature and practice review to develop sustainable business model archetypes , 2014 .

[15]  Weslynne Ashton,et al.  From cleaner production to sustainable development: the role of academia , 2015 .

[16]  Arkadiusz Kamiński.  INTEGRATED APPROACH OF ENVIRONMENTAL ISSUES IN INDUSTRIAL COMPLEX TREATED AS COMPLICATED OPERATED MACHINE , 2015 .

[17]  B. Nelson,et al.  Statistical manipulation of delphi statements: Its success and effects on convergence and stability , 1978 .

[18]  B. Moldan,et al.  How to understand and measure environmental sustainability: Indicators and targets , 2012 .

[19]  Ken Geiser,et al.  Cleaner Production perspectives 2: integrating CP into sustainability strategies , 2001 .

[20]  W. Chu,et al.  Import substitution and export-led growth: A study of Taiwan's petrochemical industry , 1994 .

[21]  Alexis Sagastume Gutiérrez,et al.  Improving the environmental performance of an earthwork project using cleaner production strategies , 2013 .

[22]  P. Coelho,et al.  The role of common local indicators in regional sustainability assessment , 2010 .

[23]  Lai Wan Hooi,et al.  Technical training in the MNCs in Malaysia: a case study analysis of the petrochemical industry , 2010 .

[24]  Boqiang Lin,et al.  What causes price volatility and regime shifts in the natural gas market , 2013 .

[25]  Ahmed M. Deif,et al.  A system model for green manufacturing , 2011 .

[26]  G. Fernández-Sánchez,et al.  A methodology to identify sustainability indicators in construction project management—Application to infrastructure projects in Spain , 2010 .

[27]  Peter Samuelsson,et al.  Self‐assessment practices in large organisations , 2002 .