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LyondellBasell Aiming for Net-Zero Emissions by 2050 (Int'l.)
LyondellBasell
Date: 2021-10-01
Rotterdam-headquartered chemicals and refining giant LyondellBasell has announced a strategy to achieve an absolute 30 pct reduction of scope 1 and scope 2 emissions by 2030 and to achieve net-zero emissions from global operations by 2050. In 2019, LyondellBasell announced an initial GHG emissions reduction target of 15 pct per ton of product produced by 2030 (relative to 2015 levels), and to raise the 15 pct target at a later date.

To that end, the company has developed an achievable pathway to an absolute reduction in scope 1 and scope 2 GHG emissions by 30 pct (relative to 2020 levels). This approach includes: enhanced energy management and low emission steam; flare minimization; use of lower-emitting fuels; process electrification and furnace upgrades; and sourcing at least 50 pct of electricity from renewable sources. The company is also actively embedding emissions reduction efforts into certain business processes including long-range planning and risk management, and identifying collaboration opportunities across multiple sectors to accelerate the scale up and deployment of breakthrough technologies.

The company notes it is committed to transparency by reporting our climate risk as well as our progress in reducing GHG emissions annually in the CDP climate change questionnaire and according to the Taskforce on Climate-Related Financial Disclosure (TCFD). (Source: LyondellBasell, PR, Sept., 2021) Contact: LyondellBasell, www.lyondellbasell.com

More Low-Carbon Energy News LyondellBasell,  Carbon Emissions,  Net-Zero Emissions,  


CCS Gains Industry Support in Houston (Ind. Report)
Houston CCS
Date: 2021-09-17
In Houston, eleven companies -- Calpine, Chevron, Dow, ExxonMobil, INEOS, Linde, LyondellBasell, Marathon Petroleum, NRG Energy, Phillips 66 and Valero -- have reportedly expressed interest in supporting the large-scale deployment of carbon capture and storage (CCS) technology in Houston and have agreed to begin discussing plans that could lead to capturing and safely storing up to 50 million metric tpy of CO2 by 2030 rising to roughly 100 million metric tpy by 2040.

The companies plan to help address industrial CO2 emissions in one of the largest concentrated sources in the United States. Collectively, the 11 companies are considering using CCS technology at facilities that generate electricity and manufacture products that society uses every day, such as plastics, motor fuels and packaging.

If CCS technology is fully implemented at the Houston-area facilities these 11 companies operate, nearly 75 million metric tons of CO2 could be captured and stored per year by 2040. There are ongoing discussions with other companies that have industrial operations in the area to add even more CO2 capture capacity. They could announce their support at a later date and add further momentum toward the city of Houston's ambitions to be carbon neutral by 2050.

Wide-scale deployment of CCS in the Houston area will require the collective support of industry, communities and government. If appropriate policies and regulations are put in place, CCS could generate tens of thousands of new jobs, protect current jobs and reduce emissions at a lower cost to society than many other widely available technologies. The 11 companies will continue to advocate for policies that enable the long-term commercial viability of new, expanded and existing CCS investments in Texas. (Source: Houston CCS, PR, 15 Sept., 2021) Contact: Houston CCS, Scott Castleman, (304)-421-2057, scott@locuststreet.com, www. houstonccs.com

More Low-Carbon Energy News CCS news,  Carbon Emissions news,  


LyondellBasell Shuttering Equistar Ethanol Plant (Ind. Report)
LyondellBasell
Date: 2021-08-16
Citing "poor market conditions", Rotterdam, Netherlands-headquartered LyondellBasell Industries N.V. subsidiary Equistar Chemicals reports it will permanently end synthetic-ethanol production at its 1953-vintage plant in Tuscola, Illinois, as of 31 Oct, this year.

"After a careful review of market conditions, we have made the difficult decision to permanently exit the synthetic ethanol business and close our Tuscola plant operations," according to Rotterdam, Netherlands-headquartered LyondellBasell Industries N.V., one of the world's largest plastics, chemicals and refining companies. (Source: LyondellBasell, PR, News Gazette, Aug., 2021) Contact: LyondellBasell, Equistar Chemicals, 217-253-3311, www.lyondellbasell.com/en/tuscola-plant

More Low-Carbon Energy News LyondellBasell,  Ethanol,  


Neste, LyondellBasell to Develop Renewable Polymers (Int'l. Report)
Neste, LyondellBasell
Date: 2021-06-23
Rotterdam, Netherlands-headquartered LyondellBasell Industries N.V. and Finland-headquartered oil refiner and biofuels producer Neste have recently announced a long-term agreement under which LyondellBasell will source NesteRE feedstock produced with 100 pct bio-based sources like waste and residue oils and fats from Neste. The NesteRE will be converted into polymers at LyondellBasell's Wesseling, Germany plant and sold under the CirculenRenew brand name.

As previously reported, the companies joined forces in 2019 for the world's first commercial-scale production of bio-based polypropylene and bio-based polyethylene.

LyondellBasell Industries N.V. is a multinational chemical company with U.S. operations headquarters in Houston, Texas, and offices in London, UK. The company is the largest licensor of polyethylene and polypropylene technologies, according to its website. (Source: Neste, Zacks, Nasdaq, 21 June, 2021) Contact: LyondellBasell Industries, www.lyondellbasell.com; Neste Corp., Thorsten Lange, Exec. VP, +358 10 458 4128, www.neste.com

More Low-Carbon Energy News Neste,  LyondellBasell,  Neste RE,  


Neste, LyondellBasell Tout Joint Bioplastic Production (Ind. Report)
LyondellBasell, Neste
Date: 2019-06-19
Rotterdam, Netherlands-based chemicals and plastics manufacturer LyondellBasell (LYB) and Helsinki-headquartered renewable diesel maker Neste have jointly announced the first parallel production of bio-based polypropylene and bio-based low-density polyethylene from sustainable bio-based raw materials at a commercial scale.

The joint project combined Neste's renewable feedstock and LyondellBasell's technical capabilities. LyondellBasell's cracker flexibility allowed it to introduce a new renewable feedstock at its Wesseling, Germany site, which was converted directly into bio-based polyethylene and bio-based polypropylene. (Source: LyondellBasell, PR, CISION, 18 June, 2019) Contact: LyondellBasell , www.LyondellBasell.com; Neste, +358 10 458 4128, www.neste.com

More Low-Carbon Energy News LyondellBasell,  Neste,  Bioplastic ,  

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