Clariant and OMV announced their intended collaboration to explore and develop new strategies to meet sustainability targets in the ethylene supply chain and reduce their carbon footprint. According to the companies, in response to increasing consumer demand for more sustainable options, and with a particular focus on Europe, the partnership will help both companies meet their sustainability targets and deliver on their customers’ carbon reduction strategies.
As part of this cooperation, both companies will share their research findings and adopt a Life Cycle Assessment (LCA) methodology for unified approaches and define detailed CO2 reduction roadmaps. This will include the joint analysis of collaboration potential for the Ethanol-to-Ethylene (E2E) technology.
The agreement is expected to help Clariant meet its absolute emissions reductions for operations and supply-chain activities, as outlined in its 2030 climate targets. Clariant’s targets aim to reduce Scope 1 and 2 absolute GHG emissions by 40 percent and Scope 3 greenhouse gas emissions by 14 percent, in the timeframe between 2019 and 2030.
OMV’s target is a 30 percent reduction of absolute GHG emissions in Scope 1 and 2, and a 20 percent reduction in Scope 3 by 2030 in comparison to 2019. By gradually switching over to low-carbon businesses, OMV says it is striving to achieve net zero by 2050 at the latest.