Commercial, Energy Efficiency, GHG Emissions - June 3, 2020
Crestwood cuts emissions intensity by 2%
Crestwood Equity Partners announced June 3 in their newly released sustainability report that they reduced their greenhouse gas emissions intensity by 2% last year across operations.
The midstream asset management company’s absolute greenhouse gas emissions have risen since last year due to rising production levels. However, Crestwood has also implemented programs that address climate-related issues and do the following:
- Prevent and detect leaks from our natural gas gathering, processing, storage and transportation facilities;
- Reduce venting and flaring of hydrocarbons, resulting in less gas being vented into the atmosphere; and
- Evaluate the use of electric-powered equipment, where possible. For example, Crestwood is running 21 electric motors throughout its operations, which provide savings from a fuel consumption standpoint, from a maintenance standpoint and most importantly from an emissions standpoint.
Crestwood has made an effort to reduce their fleet emissions and in 2019 eliminated 24 truckloads a day and reduced the weight of trucks in their fleet by replacing all dual-tire axles with lighter “Super-Single” tires. By also adding 10 larger trailers to their fleet to increase the amount that can be hauled, the company reduced the number of trips needing to be taken for product transportation and reduced overall emissions.
“Crestwood is proud to issue its second annual sustainability report demonstrating our pledge to build a sustainable midstream energy company based on a best-in-class approach to environmental stewardship, safety, diversity and inclusion and community engagement,” Robert G. Phillips, Chairman, President and Chief Executive Officer of Crestwood’s general partner, said in a statement. “In the midst of the current COVID-19 global pandemic, Crestwood remains even more committed to sustainability as the foundation of how we manage our business. We are working to mitigate the short-term ESG impacts of COVID-19 on our employees, contractors, customers and business partners, while we remain focused on continued development of our long-term sustainability strategy. As an ESG leader in the midstream energy industry, Crestwood will rely on its sustainability principles to adapt to the post-COVID-19 requirements, manage business risks through these unprecedented market conditions, deliver solid financial and operational results and generate long-term value for all of our stakeholders.”