Select Page

Lanxess targets climate neutrality by 2040

Lanxess targets climate neutrality by 2040

Specialty chemicals company Lanxess has set a target to become climate neutral and eliminate its greenhouse gas emissions from around 3.2 million tons of CO2 e by 2040. Besides, it aims to cut its emissions half compared to the current level to around 1.6 million tons of CO2e by 2030.

Matthias Zachert, Chairman of the Board of Management, LANXESS AG, said, “Under the Paris agreement, the global community decided to limit global warming to less than two degrees. This requires massive efforts on the part of everyone involved. With our goal of achieving climate neutrality by 2040, we are fulfilling our responsibility as a global speciality chemicals company. At the same time, we will be an even more sustainable partner for our customers in the future,”

He also highlighted the long-term cost savings associated with more efficient use of resources.

The Group is currently building a facility for the decomposition of nitrous oxide at its Antwerp site. The new facility will begin operations in 2020 and reduce annual greenhouse gas emissions by around 150,000 tons of CO2e. After the second expansion in 2023, CO2e emissions will fall by another 300,000 tons. In addition, Lanxess is switching the entire energy supply at its Indian sites to renewable energy sources. There, the Group is massively expanding its supply of biomass and solar power and will no longer use coal or gas in the future. This will cut CO2e emissions by a further 150,000 tons from 2024. Under these projects and other measures, Lanxess will decrease its CO2e emissions by a total of 800,000 tons by 2025, investing up to EUR 100 million.

Between 2004 and 2018, the Group halved its greenhouse gas emissions from around 6.5 million tons of CO2e to about 3.2 million tons. Among others, substantial contribution came from a nitrous oxide reduction plant in Krefeld-Uerdingen, Germany, commissioned in 2009. The company has already achieved its previous targets of improving energy efficiency in conjunction with reducing specific CO2 emissions and emissions of volatile organic compounds by 25 percent each against 2015.

 

About The Author

Leave a reply

Your email address will not be published. Required fields are marked *

This site uses Akismet to reduce spam. Learn how your comment data is processed.

Latest Issue

Newsletter Subscription

Recent Tweets

Subscribe To Our Newsletter

Join our mailing list to receive the latest news and updates from our team.

You have Successfully Subscribed!