"Sibur believes that the petrochemical industry has technological, industrial and scientific potential in terms of reducing greenhouse gas emissions and transitioning to a low-carbon economy,'' said Darya Borisova, managing director, board member at Sibur. "The company has been consistently incorporating ESG principles into all business processes, in accordance with its Sustainable Development Strategy to 2025."
LCET members include Sibur, Air Liquide, BASF, Clariant, Covestro, Dow, Mitsubishi Chemical Corp., Royal DSM, Sabic and Solvay. The platform by the conclusion of 2023 will invest in the development of low-carbon-emitting technologies in both public and private ventures.
For its own part, Sibur is assisting with climate change by producing green polyethylene terephthalate (PET) granules using recyclable raw materials at its Polief facility in Blagoveshchensk. Production is planned to begin in 2022 and the company said it planned to reduce greenhouse gas emissions by 15 percent by 2025.
"The granules will contain up to 25 percent of recyclable materials and will meet the growing market demand for packaging containing recycled materials," Sibur said in an Oct. 14 press release. "The use of recycled materials will also reduce the specific energy intensity of polymer production and, as result, decrease greenhouse gas emissions into the atmosphere."