Russia: Sustainable Development Sibur to Develop Carbon Neutral Facility by 2025
Under its updated ESG strategy for 2025, Sibur intends to make at least one of its facility carbon-neutral by 2025. It also plans to facilitate recycling of at least 100 kt of polymer waste every year as part of its own investment projects and joint projects with partners.
Moscow/Russia – Sibur’s Board of Directors has approved amendments to its 2025 Sustainable Development Strategy. The Company maintains focus on mitigating the climate impact and developing circular economy, while also taking on more ambitious green commitments and expanding the range of diversity and inclusiveness goals.
One of the new goals is to make at least one Sibur facility carbon neutral by 2025. To this end, the firm will improve the energy efficiency of processes and increase the share of renewables in the energy mix, introduce CO2 capture, removal, and storage technologies, and run sequestration projects. As the Company makes progress towards this goal, it will be able to test and assess the efficiency of existing and planned projects.
The updated strategy translates the goal to reuse plastic waste in the production cycle into specific figures. By 2025, Sibur plans to facilitate recycling of at least 100 kt of polymer waste annually as part of its own investment projects and joint projects with partners. The key driver in delivering this goal will be the production of green PET granules – Vivilen rPET – containing recycled materials to be launched at the Polief site in Blagoveshchensk in 2022. By 2030, Sibur plans to make at least 250 kt of low-carbon products and those containing recycled or bio feedstock annually.