Stepping Up for the Planet
At CPChem, we believe the chemical industry plays an important role in the transition to a lower carbon future. In many applications, CPChem products have a lower carbon footprint compared to alternative materials and leverage beneficial characteristics that enable fuel and energy efficiencies, prolonging shelf lives of food, product safety, along with many more advantages.
Climate Change Priorities
Reduce Carbon Intensity
By 2030, targeting 15% reduction in carbon intensity using a 2020 baseline
Advance Renewable Energy Solutions
Develop renewable energy projects to support carbon intensity reductions
Strengthen Climate Resilience
Continue building resilience to mitigate physical and transitional climate risks
Pathways to Reducing Emissions:
- Electrification of combustion and steam-driven equipment
- Adoption of emerging technologies
- Enhancements in equipment efficiency
- Utilization of lower carbon fuels
- Optimization of processes and flaring activities
- Procurement of renewable electricity
Optimizing the processes and materials used to make our products while minimizing their environmental impact is a priority that helps to protect the planet. Our multi-layered approach will leverage innovation to elevate opportunities that reduce our carbon intensity.
CPChem in Action for the Climate in 2023:
- Completed MACC* assessments at five CPChem facilities, bringing MACC assessment progress to 57% complete
- Identified more than 350 unique reduction concepts through CPChem’s MACC assessment process, with over 800 identified to date
- Engaged 100% of employees with a dedicated lesson in climate change within the Sustainability + Me Development Series
- Performed first Water Body Risk Assessment (WBRA), a strategic element of CPChem’s Climate Action Plan
- Accelerated project to inventory Scope 3 emissions
* Marginal Abatement Cost Curve
