Page 34 - Plastics News October 2024
P. 34
COMPANY NEWS
Olivier Thorel, EVP Chemicals at SABIC.
As an early adopter, SABIC worked together
with independent third parties to drive the de-
velopment of the new ISCC Carbon Footprint
Certification (CFC) module and execute a pilot
audit for the certification at SABIC’s JVs’ metha-
nol production sites. The CFC module has been
developed for the certification of product car-
bon footprints for various products and value
chains. The model will make it possible to link
sustainability certifications and mass balancing
providing a valuable source of carbon needed
along complex value chains.
to manufacture the methanol, while reducing us-
age of traditional feedstocks. As the captured “SABIC is advancing technologies to support
CO2 is utilized as a raw material, the new prod- its value chains in carbon footprint reduction,
uct can enable Product Carbon Footprint (PCF) including electrification, hydrogen combustion,
savings. renewable energy, as well as carbon capture,
utilization and storage. High-concentrated CO2
Certified low carbon methanol is being manufac-
produced as a by-product can then be used as
tured at SABIC’s Joint Ventures’ (JV) methanol
an alternative feedstock to make new products.
production sites. It is typically used - for exam-
This CCU project, which converts captured CO2
ple – in maritime fuel, resins for laminate floor-
into low carbon methanol and its derivatives, is a
ing and furniture panels and acrylic sheets. More
great enabler to reduce the embedded carbon
certified low carbon products in SABIC’s global
emissions in the value chains of SABIC and its
portfolios will be rolled out across the compa-
customers”, said Dr. Fahad Al Sherehy, VP Cor-
ny’s worldwide asset base.
porate Sustainability at SABIC.
“It is evident that the petrochemical industry
SABIC is continually pursuing efforts and explor-
plays a pivotal role in shaping a resilient and
ing solutions to meet carbon neutrality from op-
sustainable future. With the increasing demand
erations under its control by 2050, taking into ac-
for innovative materials and sustainable prac-
count different regional and national ambitions,
tices, the industry stands at the forefront of
commitments and initiatives. The new low car-
transformative trends towards carbon neutrality
bon offering is another example of how SABIC is
and a circular carbon economy. SABIC is deeply
collaborating with partners along the value chain
committed to pursue efforts and explore solu-
to reduce their indirect Scope 3 emissions.
tions together with our value chain partners, to
help meet our carbon neutrality ambition,” said Source – Press Release finder.com
34 PLASTICS NEWS October 2024
