Green Footprint Consortium Launches Business Alliance to Help Countries Meet Decarbonization Goals
A consortium of six companies comprising Bechtel, GE, GM, Honeywell, Invenergy and Johnson Controls have launched a cross-sector business alliance – Corporate Coalition for Innovation & Technology toward Net Zero with an aim to assist countries meet their decarbonization and climate change goals.
Sharm El Sheikh/Egypt – A coalition of six global companies recently announced the public launch of the Corporate Coalition for Innovation & Technology toward Net Zero (Ccitnz), a cross-sector business alliance dedicated to helping countries meet decarbonization and climate change goals through innovation and technology. Ccitnz has been working behind the scenes since its creation in late 2021.
Ccitnz intends to serve as an accelerator for industries across sectors and geographies to innovate and develop breakthrough technologies to help achieve these goals. Founding members include Bechtel, GE, GM, Honeywell, Invenergy and Johnson Controls.
The objectives of Ccitnz include:
- Innovation and Technology: Promote concrete, practical and cost-effective technology solutions to tackle emissions and decarbonization challenges;
- Partnership: Promote strong partnerships with stakeholders in the private, public and social sectors across international venues and forums to enable solutions beyond what any one stakeholder can realize;
- Energy Security: Partner with governments and other stakeholders to advance energy security, decarbonization and sustainable development needs;
- Policy: Support sound public policies that are consistent with improving environmental effectiveness and foster innovation; and
- Resource: Provide expertise and thought leadership to governments and other stakeholders on technology and innovation as they seek to achieve their decarbonization and climate change goals.
“Ccitnz provides a forum and network to help to develop solutions that help governments and other customers to reduce emissions and achieve their climate goals,” said Stu Jones, Bechtel’s president of regions and corporate relations. “We have a successful test case here in Egypt. The collective commitment we bring can be a resource, especially to emerging economies.”
Ccitnz members are already working together to help governments advance their decarbonization journeys. For example:
- Bechtel: A coalition of energy transition leaders – Baker Hughes, Bechtel, Enppi, GE Digital, HSBC, the National Bank of Egypt and Petrojet – is providing construction, technology and financing expertise to support decarbonization of select downstream facilities in Egypt, aligning plans with the country’s leadership of Cop27.
- GE: GE is partnering with the Egyptian Electricity Holding Company to explore the application of carbon capture and storage, hydrogen blended fuels, upgrade solutions and the conversion of simple cycle power plants to combined cycle. GE also recently signed an agreement to run a GE LM6000 gas turbine at the Sharm el-Sheikh Power Plant on a hydrogen-natural gas fuel blend.
- Honeywell: Honeywell UOP is working with Enppi to develop carbon reduction opportunities at a number of Egypt’s refineries. Honeywell is also the technology provider for the City Operations Center of the Egyptian Government’s New Administrative Capital for Urban Development, to optimize the efficiency, safety and security of the new city.
- Invenergy: Most recently, Invenergy began commercial operations of a 1 billion dollar liquefied natural gas (LNG) and electric infrastructure project in El Salvador. This project shifts a significant amount of the country’s power supply to natural gas, providing up to 30 % of El Salvador’s power needs with clean, reliable electricity and offsetting 600,000 tons of carbon dioxide emissions per year. Invenergy commissioned a first of its kind hybrid solar and energy storage project in Mexico that is providing clean and reliable power to the nation. Building upon this track record Invenergy will continue to work with governments and other stakeholders to deliver affordable, clean energy, and sustainable economic development.
- Johnson Controls: Since 2000, Johnson Controls has helped save customers more than 35 million metric tons of CO2e and 7.2 billion dollars through guaranteed energy and operational savings. The company has reduced carbon emissions intensity by more than 70 % since 2002 and pledged to achieve net zero carbon emissions before 2040 and announced science-based targets for 2030. Locally, Johnson Controls provided more than 130 high-efficiency indoor packaged units to the Cop27 venue in Sharm el-Sheikh, which are 35 % more energy-efficient than competing units in the region.