Climate change is an important and urgent challenge facing the world. In 2015, nearly 200 countries around the world adopted the Paris Agreement, committed to reducing greenhouse gas emissions, established a goal of controlling the global average temperature rise within 2 ℃ of the pre industrial level by the end of this century, and strived to pursue a 1.5 ℃ temperature control goal. China and various economies around the world have accelerated their emission reduction plans to achieve long-term development and prosperity while avoiding the worst impact of climate change.
Implement the "dual carbon" initiative and initiate carbon footprint and inventory work
In 2020, China officially announced the "dual carbon" goal of "achieving carbon neutrality by 2060 and striving to achieve a peak in carbon dioxide emissions by 2030.". Green and low carbon has become the "key word" for future enterprise development. In the face of the "dual carbon" target requirements, many petrochemical enterprises have proposed carbon emission reduction goals and put them into practice. As a resource and energy intensive industry, the petrochemical industry ranks among the forefront in the industrial field in terms of carbon emissions. In June 2022, Formosa Plastics Industry (Ningbo) Co., Ltd., as the industry's "carbon road pioneer", actively responded to the national dual carbon strategy and implemented the dual carbon action. It selected Hangzhou Chaoteng Energy Technology Co., Ltd., a well-known carbon neutral global service provider in Zhejiang, to jointly launch the carbon footprint and carbon inventory work.
Carbon Footprint - Carbon Labels for Products
The carbon footprint is a method for comprehensively measuring the impact of a product or service on climate change, based on the concept of carbon dioxide equivalent (CO2eq) proposed by the United Nations Intergovernmental Panel on Climate Change (IPCC). It mainly uses carbon dioxide equivalent (CO2eq) to represent the total emissions of greenhouse gases emitted during human production and consumption activities. The carbon footprint assessment and certification of a product or service can provide a more comprehensive understanding of the climate change impact of the product or service, help enterprises achieve the goals of climate change management, performance tracking, supplier and customer relationship maintenance, response to international carbon tariffs, and product differentiation, guide consumers' environmentally friendly consumer behavior, enhance corporate reputation, and strengthen the brand.
Formosa Plastics Group was founded in 1954 and is engaged in chemical industries such as oil refining, petroleum raw materials, and plastics. It is the largest private enterprise in Taiwan, with strong strength and influence. This time, in the certification of carbon footprint, we selected Superteng Energy to do carbon footprint identification work for its products from Mitsui Precision Chemical Plant, Water Absorbent Resin Plant, and Acrylate Plant. This is due to the fact that in the past few years, Chaoteng has successfully completed the carbon footprint work of related products for a number of well-known enterprises, with rich experience and solid technical strength, and has been assisting enterprises in the transformation of "dual carbon".
Chaoteng builds a "carbon footprint" for the seven major products of Formosa Plastics, leading the carbon emission reduction in the chemical industry
"Carbon neutrality has moved from global consensus to global action, and in this context, many Chinese enterprises have accelerated their zero-carbon transformation of their industrial chains.". This time, Chaoteng undertook the carbon footprint identification work for a total of seven products, including Formosa Plastics lithium battery electrolyte, super absorbent resin, methyl acrylate, isooctyl acrylate, and polymerized acrylic acid, and conducted in-depth cooperation. The production process of these products covers industrial processes that generate large amounts of carbon dioxide in the chemical industry.
It is reported that from 2027, the EU will officially impose a comprehensive carbon tariff, adding organic chemicals, plastics, hydrogen, and ammonia to the original steel, aluminum, electricity, cement, and fertilizer. In this situation, Formosa Plastics holds the initiative in the zero-carbon transformation, and with a strong sense of responsibility and mission for environmental protection, actively implements the national strategic policy of "carbon peak, carbon neutral". It cooperates with Chaoteng Energy to build a "carbon footprint" for these seven major products, establish a product life-cycle carbon footprint evaluation system, lead the chemical industry in carbon emission reduction through accurate carbon footprint analysis, and assist enterprises in achieving zero-carbon transformation, Let the product obtain a global "green pass" in the future.