The environment

Carbon capture and storage (CCS) is an emission mitigation technology that will play a critical role in limiting global warming and decarbonising hard-to-replace industries.

SABIC has signed an agreement with Synova and Technip Energies to collaborate on the development and realisation of a plant that would produce olefins and aromatics from plastic waste.

LyondellBasell has announced that it will increase its 2030 greenhouse gas emissions reduction target for scope 1 and scope 2 emissions from 30% to 42%, relative to a 2020 baseline.

CITGO Petroleum Corp. has joined the US Environmental Protection Agency's ENERGY STAR programme as an ENERGY STAR Partner.

Chevron New Energies and Svante have announced that Chevron is the lead investor in Svante’s Series E fundraising round, which raised US$318 million to accelerate the manufacturing of Svante’s carbon capture technology.

ExxonMobil has announced the successful start-up of one of the largest advanced recycling facilities in North America.

Shell Catalysts & Technologies has entered an agreement with Technology Centre Mongstad to test a technology for capturing carbon dioxide. The test will start in January 2023 and will last for five months.

In 2022, Akselos deployed its digital twin software to protect an increasing number of crucial energy assets, improve global energy security, and accelerate the transition to net zero.

AspenTech and Aramco to introduce an integrated modelling and optimisation solution that will enable capital-intensive industries to achieve practical and economic solutions for carbon capture and utilisation.

Siemens Energy has improved in almost all areas of sustainability this past year, according to its 2022 Sustainability Report.

Atlas Copco Energas GmbH and STRABAG Umwelttechnik GmbH have agreed on an extensive cooperation in the area of industrial and high-performance heat pumps.

Phillips 66 plans to invest US$1.1 billion in refining, including US$389 million for reliability, safety and environmental projects.

Baker Hughes and Woodside have entered into an MoU to explore potential business arrangements and initiatives that may have the potential to support Woodside’s climate strategy.

Pennzoil-Quaker State Co., a subsidiary of Shell, has acquired a 49% interest in Blue Tide Environmental – a company focused on building a global network of lubricant recycling facilities.

Essar Oil UK Ltd has announced its plan to build a £360 million major new carbon capture plant at its Stanlow refinery in line with its ambition to become a leading low carbon refinery by 2030.