The Oil & Gas Decarbonization Charter is one of the landmark initiatives launched at COP28. It is a global industry effort dedicated to speeding up climate action and achieving high-scale impact across the oil and gas sector. The Oil & Gas Decarbonization Charter has recently published its first report to baseline, prioritize and track progress on emissions reductions.

Honeywell’s Ecofining technology has been selected by the St1 Refinery to produce sustainable aviation fuel. The Gothenburg plant is expected to produce 200,000 tons of renewable fuels annually and can utilize flexible feedstocks, including used cooking oil, animal fats, and tall oil fatty acids from paper and pulp mills.

Covestro is currently focusing on future technologies to accelerate on the way to a full circular economy. The company has also realized that a global digitalization strategy in R&D is a key building block on this way.

Bain Capital has announced a majority investment in the Milacron Injection Molding and Extrusion business which is a globally renowned provider of highly engineered plastic processing equipment and services.

Idemitsu Kosan has plans to develop a large-scale production facility for solid electrolytes which is a material used in the production of all-solid-state lithium-ion rechargeable batteries.

Poet has joined hands with Tallgrass to connect Poet’s Fairmont, Nebraska bioprocessing facility to the Tallgrass Trailblazer carbon dioxide pipeline. With this, the Poet facility will capture bioCO2 for transportation and permanent underground sequestration in Wyoming, USA.

Chuangui New Energy company will make use of Topsoe’s licensing and engineering design services and technologies, including its Hydroflex technology, proprietary equipment and catalysts to produce SAF as well as renewable diesel in China.

Lhyfe, OX2, and Velarion have joined hands to develop the mega project in Ånge municipality, Sweden. The project is expected to combine wind power with large-scale green hydrogen production to generate carbon-negative neutral products.

Honeywell has plans to separate its Automation and Aerospace Technologies business to establish two separate companies. In addition to this, Advanced Materials, previously announced to be spun, will also be established as a separate firm.

Evonik has merged its Silica and Silanes business lines to establish Smart Effects, a new entity. With this merger, the expertise of both the business lines will be used to deliver innovative solutions.