By 2050, the chemical industry should operate in a climate neutral fashion, which means phasing-out fossil oil, gas and coal. Therefore alternative carbon sources and renewable energy have to be utilized in order to replace fossil reserves. A new Stuttgart Research Initiative will elaborate on the concept of such a future chemical factory, both from a fundamental and application-oriented standpoint. The University of Stuttgart, German Aerospace Center (DLR), the Center for Solar Energy and Hydrogen Research Baden-Württemberg (ZSW) and the Fraunhofer Institute for Interfacial Engineering and Biotechnology (IGB) will be involved in the initiative.