Energy Efficiency, GHG Emissions, Industrial  -  May 5, 2023

Arkema Raises Decarbonization Targets

Arkema is setting new targets by 2030 across its whole value chain and now aims to reduce its GHG emissions by 48.5% for Scopes 1 and 2 and by 54% for Scope 3 .

The manufacturer of specialty materials announced its new goals were approved by the Science Based Targets initiative (SBTi). 

"Arkema has made long-standing commitments in the fight against climate change," said Thierry Le Hénaff, Chairman and CEO of Arkema, in a statement. "From its energy procurement policy to industrial innovation, from its portfolio of solutions to the dissemination of a 'climate and environment culture,' this virtuous trajectory mobilizes all of the Group's components, and we are particularly proud that our new 2030 targets have been validated by the SBTi." 

The Group has identified room for improvement in its Scopes 1 and 2 and plans to reduce its emissions from 3.7 million tons of CO2 equivalent in 2019 to 1.9 million tons in 2030.

The company seeks to consume a much greater share of low-carbon steam and electricity through long-term contracts with producers. Arkema recently signed a major supply contract with ENGIE for the supply in France of 300 GWh per year of biomethane to further reduce the carbon footprint of its bio-based high performance Rilsan® polyamide 11 and Pebax® Rnew® elastomer ranges.

The company will also improve energy efficiency and optimize facilities through actions including the installation of a new generation catalyst for nitrogen oxide emissions at its Lacq site in France.

For its Scope 3 GHG emissions, the Group is committed to taking action across its entire value chain by reducing its emissions from 152 million tons of CO2 equivalent in 2019 to 70 million tons in 2030.

To achieve this, Arkema seeks to increase the share of its renewable or recycled raw materials, select raw materials with a lower carbon footprint, reduce its most emissive activities, and develop polymer recycling channels, such as through the Virtucycle® program and its subsidiary Agiplast.

Read These Related Articles:

• Arkema Decarbonizes French Acrylics Production Site
• Arkema Sets 2030 Goals
• Celanese extends PPA to include solar energy
• Arkema places inaugural Green Bond for 300M euros

Share this valuable information with your colleagues using the buttons below: