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The team hopes that by 2027, 30 per cent of all polyol production will take place using Econic’s catalyst technologies, meaning that potentially 3.5 million tonnes of CO2 emissions could be saved each year—the equivalent to taking some two million cars off the road.
“As the catalysts move from our labs to our customer’s factory floor, the funding will be vital to ensure that manufacturers around the world are able to benefit from our pioneering technologies,” Rowena Sellens, chief executive officer of Econic Technologies, said in a statement.
The Oil and Gas Climate Initiative is a voluntary, CEO-led initiative which aims to lead the industry response to climate change. Launched in 2014, OGCI is currently made up of ten oil and gas companies that pool expert knowledge and collaborate on action to reduce greenhouse gas emissions. Its billion-dollar investment arm, OGCI Climate Investments, supports the development, deployment and scale-up of low emissions technology.
This article appeared on the JWN website at http://www.jwnenergy.com/article/2018/2/oil-and-gas-climate-initiative-funds-co2-waste-plastics-technology/