Performance up. Footprint down.
"Performance up. Footprint down.” is the essence of our commitment to sustainability. Our goal is to quickly transition to a low-carbon, circular economy with drop-in sustainable solutions with a reduced carbon footprint that are on par with conventional product performance.
We want to become net carbon neutral by 2050 with significant reduction milestones along the way. We want to be the front runner in the circular economy and deliver high-quality sustainable products. At the same time, we want to have a positive impact on societies with our safe and efficient materials.
WHY WE CARE
At INEOS Styrolution, our focus on sustainability is an intrinsic response to two pressing industry challenges: combatting littering and waste while concurrently slashing carbon emissions. Our initiative 'Performance up. Footprint down.' encapsulates our commitment to addressing these issues head-on.
WHAT WE AIM TO ACHIEVE
By 2030, we are determined to achieve three key milestones:
HOW WE PLAN TO MAKE IT HAPPEN
We've already made significant strides in our pursuit of these goals.
RECYCLING UP. WASTE DOWN.
Firstly, we're enhancing our ECO portfolio, providing customers with drop-in solutions that require no additional technology or investment. This move allows for seamless integration into existing machinery and equipment.
Our unique advantage in the styrenics industry lies in our ability to apply every major recycling technology to our products, especially polystyrene (PS). This strength underpins our commitment to reducing waste and advancing recycling practices. Our recycling efforts are structured into different loops, leveraging technologies such as mechanical recycling, depolymerisation, pyrolysis, and gasification.
INNOVATION UP. CARBON EMISSIONS DOWN.
Our roadmap for reducing carbon emissions revolves around four strategic clusters. We're transitioning from fossil-based feedstock to more circular and renewable materials. This includes implementing recycling technologies for our polystyrene and ABS products, enabling us to significantly cut emissions, reduce waste, and extend the life cycle of valuable materials.
Another crucial cluster involves fuel switching. We aim to reduce approximately one-third of our scope 1 and scope 2 CO2 emissions by 2030 through the adoption of green energy. Additionally, process optimisations and site investments will help increase energy efficiency and curb carbon emissions.
This trajectory positions us to achieve a significant milestone of 1 million tonnes of CO2 reduction by 2030, accounting for 45% of our total GHG emissions. However, our journey towards net-zero emissions by 2050 demands a continual exploration of further reduction measures.
Looking ahead, we're exploring future options such as carbon capture, storage, and utilisation, ensuring a comprehensive approach to achieving our net-zero emissions target by 2050.
PRODUCT SAFETY UP. WORRIES DOWN.
Styrenics are safe. This fact applies to our conventional products as well as our ECO products. We will continue to ensure the performance quality and safety of our entire portfolio because we're putting huge efforts into proofing every new feedstock – be it recycled or renewable – extremely diligently. We're also investing in our capabilities and have taken significant steps to comply with all regulatory requirements.
LOOKING AHEAD
As our industry continues to advance new circular and low carbon technology, we are confident that we will deliver on our commitment of “Performance up. Footprint down”. Our goals are ambitious, but we believe also achievable – a million tonnes less CO2 emissions, 500,000 tonnes of sales of our ECO products, and 100% regulatory and safety compliance – and in the long term, we are committed to transforming to a net-zero business by 2050.
