Page 13 - FSUOGM Week 42 2021

FSUOGM ENERGY TRANSITION FSUOGM

Sibur launches net-zero platform

RUSSIA SIBUR will establish a Low Carbon Emitting extraction to manufacturing to consumer ser-
Technologies pact with leading international vices. Creating realistic unified solutions should
Initiative members chemical companies and the World Economic provide new synergies that can deliver real envi-
include Sibur, Air Forum to help coordinate climate change ronmental gains.
Liquide, BASF, Clariant, responses, according to an announcement from Sibur will establish a Low Carbon Emitting
Covestro, Dow, Russia’s leading petrochemicals corporation. Technologies pact with leading international
Mitsubishi Chemical Following two years of analysis and knowl- chemical companies and the World Economic
Corp., Royal DSM, edge exchange, initiative members will accel- Forum to help coordinate climate change
SABIC, Solvay and erate the development and implementation of responses, according to an announcement from
the World Economic net-zero climate technologies. Russia’s leading petrochemicals corporation.
Forum. Members will share early-stage risks and Following two years of analysis and knowl-
co-invest in developing and improving low-car- edge exchange, initiative members will accel-
bon-emitting technologies by the end of 2023, erate the development and implementation of
according to the agreement. The shared expertise net-zero climate technologies.
is aimed to reduce investment risks and bolster Members will share early-stage risks and
solutions. co-invest in developing and improving low-car-
Initiative members include Sibur, Air Liq- bon-emitting technologies by the end of 2023,
uide, BASF, Clariant, Covestro, Dow, Mitsubishi according to the agreement. The shared expertise
Chemical Corp., Royal DSM, SABIC, Solvay and is aimed to reduce investment risks and bolster
the World Economic Forum. These major com- solutions.
panies are taking steps to reduce climate impact Initiative members include Sibur, Air Liq-
using decarbonization tools, as countries around uide, BASF, Clariant, Covestro, Dow, Mitsubishi
the world seek to attain net-zero goals within the Chemical Corp., Royal DSM, SABIC, Solvay and
coming decades. the World Economic Forum. These major com-
Man-made activities have contributed to a panies are taking steps to reduce climate impact
global rise in temperatures, resulting in extreme using decarbonization tools, as countries around
weather, flooding, property damage, wild fires the world seek to attain net-zero goals within the
and the reduction of the polar ice cap. coming decades.
“Sibur believes that the petrochemical indus- Man-made activities have contributed to a
try has technological, industrial and scientific global rise in temperatures, resulting in extreme
potential in terms of reducing greenhouse gas weather, flooding, property damage, wild fires
emissions and transitioning to a low-carbon and the reduction of the polar ice cap.
economy,” said Darya Borisova, managing direc- “Sibur believes that the petrochemical
tor, board member at Sibur. “The company has industry has technological, industrial and sci-
been consistently incorporating ESG principles entific potential in terms of reducing green-
into all business processes, following its Sustain- house gas emissions and transitioning to a
able Development Strategy to 2025,” she added. low-carbon economy,” said Darya Borisova,
As part of the company’s goal to reduce its managing director, board member at Sibur.
greenhouse gas emissions by 15% by 2025, Sibur “The company has been consistently incor-
in June signed an agreement with Linde’s Rus- porating ESG principles into all business pro-
sian unit for a joint utilization project focusing cesses, following its Sustainable Development
on the carbon dioxide generated as a by-product Strategy to 2025,” she added.
at Sibur’s facility in Dzerzhinsk. As part of the company’s goal to reduce its
The company will transport crude carbon greenhouse gas emissions by 15% by 2025, Sibur
dioxide to a gas treatment unit that Linde will in June signed an agreement with Linde’s Rus-
build to process crude CO2 into a commer- sian unit for a joint utilization project focusing
cial-grade product usable in the food industry. on the carbon dioxide generated as a by-product
The project will help utilise about 25,000 tonnes at Sibur’s facility in Dzerzhinsk.
of carbon dioxide per year. The company will transport crude carbon
Sibur earlier launched a project to produce dioxide to a gas treatment unit that Linde will
green PET granules using recycled plastics at build to process crude CO2 into a commer-
its Polief plant in Blagoveshchensk. The gran- cial-grade product usable in the food industry.
ules will use up to 34,000 tonnes of recycled raw The project will help utilise about 25,000 tonnes
materials annually and meet the growing market of carbon dioxide per year.
demand for recycled materials packaging. The Sibur earlier launched a project to produce
company started implementing the investment green PET granules using recycled plastics at
phase of the project in 2020, with the start of pro- its Polief plant in Blagoveshchensk. The gran-
duction slated for 2022. ules will use up to 34,000 tonnes of recycled raw
Businesses around the world are intercon- materials annually and meet the growing market
nected and co-dependent as never before, mak- demand for recycled materials packaging. The
ing cooperation a necessary approach to tackling company started implementing the investment
climate change. Climate issues are part of a phase of the project in 2020, with the start of pro-
multi-company chain, spanning from resource duction slated for 2022.™

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