MOSCOW (MRC) -- Honeywell announced a new set of commitments that further advance its sustainability goals beyond the company's existing commitment to become carbon neutral in its facilities and operations by 2035, according to SpecialChem.
The new pledges include a commitment to develop a science-based target with the Science Based Targets initiative (SBTi) that includes scope 3 emissions and participation in the US Department of Energy's Better Climate Challenge. The company also supports the Paris Climate Agreement.
Honeywell will work with SBTi, a partnership between CDP, the United Nations Global Compact, World Resources Institute (WRI) and the World Wide Fund for Nature (WWF), to reduce its emissions in line with climate science.
As part of SBTi's process, over the next two years, Honeywell will further quantify its Scope 3 emissions and work closely with SBTi to determine an appropriate reduction target for those emissions. Honeywell has already committed to carbon neutrality in scope 1 and 2 emissions by 2035.
Honeywell also announced that it has joined the United States Department of Energy's Better Climate Challenge and will reduce its Scope 1 and 2 emissions in the United States by 50% and improve energy efficiency by an additional 10% by 2030, from a 2018 baseline. The Better Climate Challenge is a US government platform designed to mitigate the impacts of climate change.
As part of the challenge, Honeywell will develop a plan with greenhouse gas emissions reduction milestones, share its progress and solutions with other organizations, and report on its emissions data during the 10-year timeframe.
As MRC reported earlier, in January 2022, Honeywell announced that it had been selected by Repsol to supply an integrated control and safety system (ICSS) for the first advanced biofuels production plant to be built in Spain. The new facility will employ a variety of distributed control systems, emergency shutdown (ESD), fire and gas (F&G) and human-machine interface (HMI) solutions from Honeywell to achieve efficient, sustainable and low-emission operations. Last year, Repsol announced its strategy to become a net-zero emissions company by 2050 and recently announced more ambitious targets that will accelerate its transformation.
We remind that the “Cracker of the Future” consortium has recently announced two new member companies: Repsol and Versalis (Eni) have joined the consortium.
Ethylene and propylene are the main feedstocks for the production of polyethylene (PE) and polypropylene (PP), respectively.
According to MRC's ScanPlast report, Russia's estimated PE consumption totalled 2,487,450 tonnes in 2021, up by 13% year on year. Shipments of all grades of ethylene polymers increased. At the same time, PP shipments to the Russian market totalled 1,494.280 tonnes, up by 21% year on year. Deliveries of homopolymer PP and PP block copolymers increased, whreas, shipments of PP random copolymers decreased significantly.