Arkema Highlights Global Initiatives to Reduce Greenhouse Gases at White House Meeting
“Arkema appreciates the opportunity to join other multinational companies at the White House today to talk about how industry is leading efforts to reduce global carbon emissions.
“Arkema has made reducing its environmental footprint one of its key corporate social responsibility goals. In its own operations around the world, Arkema is working to minimize greenhouse gas (GHG) emissions while optimizing and reducing the consumption of energy, water and non-renewable raw materials. As a result, between 2006 and 2012, Arkema achieved a 62 percent reduction in GHG emissions.
“Arkema commits to reduce GHG emissions from its operations by an additional 30% by 2020, as well as its net energy purchases by 1.5 percent on average each year through 2020, which represent an estimated energy savings of the equivalent of about 2.7 million barrels of oil.
“As one of the world’s leading chemical manufacturers, Arkema is also committed to promoting a responsible and orderly transition to chemicals with lower-global warming potential. Vital to this commitment is our support for the development and timely supply of climate-friendly materials on a global basis.
“Arkema is proud to be investing in the development of climate-friendly refrigerants and foam blowing agents through our Forane® business unit. These developments are designed for multiple applications including air conditioning, refrigeration and insulation foams. Arkema’s investments reflect our continuing and long-term strategy to be a leading company in the markets served by the Forane® business unit.
“Arkema supports an amendment to the Montreal Protocol that calls for a market-based phase-down of materials that contribute to global warming and creates opportunities for environmentally friendly next generation products. A global approach is needed to manage the phase-down of these materials, to maintain a level playing field with respect to phase-down timelines and products, and to provide certainty and consistency across markets and uses.
“This is especially important when it comes to the auto sector, where the next generation refrigerant for automobile air conditioners is a chemical called 1234yf. Annual new car sales globally are projected to exceed 100 million units in 2018. Most of those vehicles will be equipped with air conditioning. Experts are rightly concerned about the need to assure adequate supplies of 1234yf for these millions of new cars.
“Today’s White House meeting makes clear just how effective industry and government can and will be when they work together to achieve a common goal. Arkema is pleased to be a part of such an approach.”
A global chemical company and France’s leading chemicals producer, Arkema is building the future of the chemical industry every day. Deploying a responsible, innovation-based approach, we produce state-of-the-art specialty chemicals that provide customers with practical solutions to such challenges as climate change, access to drinking water, the future of energy, fossil fuel preservation and the need for lighter materials. With operations in more than 40 countries, some 14,000 employees and 10 research centers, Arkema generates annual revenue of approximately $8.1 billion, and holds leadership positions in all its markets with a portfolio of internationally recognized brands.