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Perstorp to set science-based emission reduction targets in line with Paris Climate Agreement

Sweden-headed Perstorp Group, a world leader in chemical innovation, has announced that it has committed to setting science-based targets to reduce greenhouse gas (GHG) emissions, in line with the Paris Climate Agreement.

Perstorp Group’s Project AIR aims to cut carbon emission by half-million tonnes per annum by producing sustainable methanol derived from captured carbon dioxide (CO2) emissions, renewable hydrogen, and biomethane at its facility in Stenungsund, Sweden. The project has been selected to apply for EIF funding (photo courtesy Perstorp).

With ambitions to become the number one sustainable solutions provider within prioritized markets, Perstorp Group has already committed to becoming Finite Material Neutral. Now, the global chemical company has announced its commitment to emission reduction targets in line with Paris Climate Agreement and the Science-Based Targets initiative (SBTi).

Science-based targets provide companies with a clearly defined pathway to future-proof growth by specifying how much and how quickly they need to reduce their greenhouse gas (GHG) emissions.

Targets will be set for both direct and indirect emissions (scope 1, 2, and 3 according to the Greenhouse Gas Protocol) and calculated with projected future expansion and growth considered. The ambition is to apply for science-based targets in 2021.

For direct greenhouse gas emissions, a challenge is to significantly reduce emissions from our production plants while growing our production. To reduce our indirect emissions, we need to intensify the transition from fossil raw materials to more sustainable, lower carbon footprint alternatives, and grow our Pro-Environment product portfolio. We are already committed to a sustainable transformation and working with the Science-Based Targets initiative enables us to be transparent in the process, and will ensure that our low-carbon transformation is aligned with climate science, said Anna Berggren, VP Sustainability at Perstorp Group.

A collaboration between Carbon Disclosure Project (CDP), World Resources Institute (WRI), the World Wide Fund for Nature (WWF), and the United Nations Global Compact (UNGC), the SBTi advocates science-based target setting as a powerful way of boosting companies’ competitive advantage in the transition to the low-carbon economy.

The chemical industry, which is fundamental to almost all other industries and sectors, has an important role to play in reaching the goals set by the Paris Climate Agreement. As a business within the chemical industry we believe we can help enable a sustainable transition for all those other industries, sectors, and products along our value chains, and we are committed to doing our part, highlighted Jan Secher, President and CEO at Perstorp Group.

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