Tools and Frameworks for Sustainable Business Model Innovation for German Steel, Cement, and Chemical Industries

Abstract

In the decarbonization of the steel, cement, and chemical industries in Germany, green hydrogen is expected to play a crucial role. The utilization of green hydrogen in the production processes of said industries requires organizations to modify their business model, requiring sustainable business model innovation (SBMI). Numerous tools and frameworks that support organizations in the process of SBMI have been proposed in the literature in recent years. However, the applicability of these tools and frameworks for steel, cement, and chemical companies that intend to utilize green hydrogen to produce their goods remains unexplored. This paper aims to assess the suitability of SBMI tools and frameworks for steel, cement, and chemical companies planning to use green hydrogen in their production. It conducts a systematic literature review on SBMI tools and frameworks, reviews current green hydrogen projects in these industries, and evaluates the identified tools and frameworks using an evaluation matrix. Based on the evaluation, the Cambridge Business Model Innovation Process (CBMIP) was identified as the most suitable SBMI framework.