Versalis Publishes 2022 Sustainability Report Outlining Commitment to Carbon Neutrality

Versalis Publishes 2022 Sustainability Report Outlining Commitment to Carbon Neutrality

(IN BRIEF) Versalis, Eni’s chemical company, has released its 2022 Sustainability Report, highlighting its efforts to contribute to sustainable and circular models in alignment with Eni’s strategy. The report outlines Versalis’ targets for achieving carbon neutrality by 2050 and emphasizes the company’s role in the decarbonization challenge faced by the energy-intensive chemical industry. Through the development of complementary technologies and sustainable solutions, Versalis aims to support a lower-emissions business model and foster a more sustainable future. The report also presents emission reduction targets for different scopes and identifies specific actions to achieve them, including initiatives in industrial processes, plant efficiency, renewable energy use, and circular economy practices.

(PRESS RELEASE) MILAN, 21-Jul-2023 — /EuropaWire/ —Versalis, Eni’s chemical company, has published the 2022 Sustainability Report, illustrating its contribution to the development of more sustainable and circular models in line with Eni’s strategy and values. The document also outlines the targets set by the company to achieve carbon neutrality by 2050. Being energy-intensive, the chemical industry bears a heavy responsibility in the decarbonisation challenge since deemed ‘hard to abate’, i.e. difficult to decarbonize.

Versalis aims to play a key role in the transition through the development of complementary and synergistic technologies, products and solutions that support a lower-emissions business model and contribute to a more sustainable future.

Adriano Alfani, CEO of Versalis said: “We are committed to making a contribution to contrasting climate change through our daily actions: by identifying more sustainable alternatives for the supply of feedstocks and energy; by developing chemistry from renewables; by adopting solutions aimed at reducing energy impact; and by conducting research activities dedicated to the development of new technologies, processes and products for decarbonisation. We work to ensure that the path towards decarbonisation offers growth opportunities for the social fabric and prosperity of the communities we operate in, developing new activities and supply chains”.

The Sustainability Report highlights cross-cutting emission reduction targets: compared to reference year 2018, 15% for Scopes 1 and 2 by 2025 and 30% by 2035. These short- and medium-term targets are fundamental milestones for achieving the Net Zero* goal by 2050. Specific actions have also been identified to achieve these targets: as to Scope 1, activities on industrial processes and in particular on steam-cracking; as to Scope 2, increases in plant efficiency and use of renewable energy; as to Scope 3, the development of circular economy initiatives and chemistry from renewables, for which the direct involvement of the entire network of suppliers and customers is needed, encouraging them to reduce emissions.

The Report is available online on the company website https://www.versalis.eni.com/

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SOURCE: Eni S.p.A.