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SABIC launches certified low carbon chemicals with CO2 footprint savings 24 Sep 2024 SABIC launches certified low carbon chemicals with CO2 footprint savings Riyadh, Saudi Arabia, September 24, 2024 - SABIC, a global leader in the chemical industry, today announced the launch of its new certified low carbon product portfolio. As part of the company’s 2050 carbon neutrality pledge, this initiative will help support SABIC’s customers and value chain to achieve their sustainability goals when looking for products with lower product carbon footprint. The first product in the portfolio will be methanol from SABIC’s Chemicals business. The methanol product in the new portfolio contains a lower carbon content than a traditional portfolio, with the same high quality product specifications. Its lower carbon footprint is due to the raw material used for production: by-product CO2 is captured from upstream processes (carbon capture and utilization - CCU), providing a valuable source of carbon needed to manufacture the methanol, while reducing usage of traditional feedstocks. As the captured CO2 is utilized as a raw material, the new product can enable Product Carbon Footprint (PCF) savings. Certified low carbon methanol is being manufactured at SABIC’s Joint Ventures’ (JV) methanol production sites. It is typically used - for example – in maritime fuel, resins for laminate flooring and furniture panels and acrylic sheets. More certified low carbon products in SABIC’s global portfolios will be rolled out across the company’s worldwide asset base. “It is evident that the petrochemical industry plays a pivotal role in shaping a resilient and sustainable future. With the increasing demand for innovative materials and sustainable practices, the industry stands at the forefront of transformative trends towards carbon neutrality and a circular carbon economy. SABIC is deeply committed to pursue efforts and explore solutions together with our value chain partners, to help meet our carbon neutrality ambition, ” said Olivier Thorel, EVP Chemicals at SABIC. As an early adopter, SABIC worked together with independent third parties to drive the development of the new ISCC Carbon Footprint Certification (CFC) module and execute a pilot audit for the certification at SABIC’s JVs’ methanol production sites. The CFC module has been developed for the certification of product carbon footprints for various products and value chains. The model will make it possible to link sustainability certifications and mass balancing along complex value chains. “SABIC is advancing technologies to support its value chains in carbon footprint reduction, including electrification, hydrogen combustion, renewable energy, as well as carbon capture, utilization and storage. High-concentrated CO2 produced as a by-product can then be used as an alternative feedstock to make new products. This CCU project, which converts captured CO2 into low carbon methanol and its derivatives, is a great enabler to reduce the embedded carbon emissions in the value chains of SABIC and its customers”, said Dr. Fahad Al Sherehy, VP Corporate Sustainability at SABIC. SABIC is continually pursuing efforts and exploring solutions to meet carbon neutrality from operations under its control by 2050, taking into account different regional and national ambitions, commitments and initiatives. The new low carbon offering is another example of how SABIC is collaborating with partners along the value chain to reduce their indirect Scope 3 emissions. Reader enquiries SABIC WTC Tower Ten Strawinskylaan 1475 1077 XX Amsterdam Netherlands +31 46 722 2399 rachel.kundra@sabic.com www.sabic.com Notes for editors SABIC and brands marked with ™ are trademarks of SABIC or its subsidiaries or affiliates. SABIC is always written in uppercase. ABOUT SABIC SABIC is a global diversified chemicals company, headquartered in Riyadh, Saudi Arabia. It manufactures on a global scale in the Americas, Europe, Middle East and Asia Pacific, making distinctly different kinds of products: chemicals, commodity and high performance plastics, and agri-nutrients. SABIC supports its customers by identifying and developing opportunities in key end-use applications such as Mobility, Hygiene & Healthcare, Electrical & Electronics, Packaging, Agriculture, Consumer Products, and Building & Construction. The company has close to 29, 000 employees worldwide, serving customers in more than 140 countries. Fostering innovation and a spirit of ingenuity, SABIC has nearly 11, 000 patents and pending applications, and has significant research resources with innovation hubs in five key geographies – USA, Europe, Middle East, South Asia and North Asia. ABOUT ISCC CARBON FOOTPRINT CERTIFICATION ISCC has initiated the development of a Carbon Footprint Certification (CFC) module for the certification of product carbon footprints for various products and value chains. The model will make it possible to link sustainability certifications and mass balancing along complex value chains. Applicable for value chains with and without non-conventional feedstock, the CFC allows for making credible claims on improved carbon footprint performances achieved through the usage of non-conventional feedstock or other decarbonisation measures. First focus applications include Carbon Capture and Utilisation (CCU) and Carbon Capture and Storage (CCS). Ongoing pilot projects will help optimise the current approach and ensure its global applicability step by step. Related images Certified low carbon methanol is typically used in - for example – maritime fuel, resins for laminate flooring and acrylic sheets. Certified low carbon methanol is typically used in - for example – maritime fuel, resins for laminate flooring and acrylic sheets. SABICPR724a Editorial enquiries Rachel Kundra SABIC +31 46 722 2399 rachel.kundra@sabic.com Kim Vermeer Marketing Solutions NV +31 164 317 026 kvermeer@marketing-solutions.com |
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