Sustainability article round-up: November 2023

The Ipieca sustainability article round-up showcases recent sustainability-related achievements, projects and news from Ipieca members, demonstrating their support for the Ipieca Principles around advancing environmental and social performance across the energy transition. We also highlight initiatives from our partner organizations and share insights from key United Nations meetings.

As COP28 kicks off, the November round-up shares recent progress, achievements and commitments from Ipieca members that demonstrate meaningful climate action towards a net-zero future that leaves no one behind. We also share insights on the global status of carbon capture and storage, the concept of a just transition, and how Ipieca supports the Paris Agreement, as well as marking 50 years of environmental action in shipping.

Member sustainability articles

Cepsa

Cepsa successfully produces circular phenol from single-use plastics

Cepsa takes another step in its commitment to the circular economy by transforming single-use plastic waste into raw materials, producing a substitute to oil in the production of alternative energy technologies.

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Eni + SLB

Eni and SLB collaborate on global methane emissions reporting project

SLB’s End-to-End Emissions Solutions business (SEES) has been selected by Eni to carry out comprehensive measurement and reporting of their global methane emissions, aligned with the UN Environment Programme’s Oil and Gas Methane Partnership 2.0 reporting standards. Scaling up the ability to access timely, reliable and accurate methane data is key to reducing methane emissions, and will inform Eni’s strategic efforts to reduce them.

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ExxonMobil

ExxonMobil aims to drill lithium wells for 1 million electric vehicles a year

Using conventional oil and gas drilling technology and direct lithium extraction, ExxonMobil aims to become a major supplier of lithium that has a lower carbon intensity and physical footprint compared to traditional lithium mining methods.

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INPEX

INPEX to support development of international liquified hydrogen supply chain

INPEX has acquired shares in Japan Suiso Energy (JSE), which researches, plans, invests in and operates an international hydrogen supply chain. INPEX will support JSE to demonstrate commercialisation efforts and build an international liquefied hydrogen supply chain.

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Oxy

Oxy and BlackRock form joint venture to develop direct air capture plant

The joint venture will develop the STRATOS facility, designed to capture 500,000 tonnes of CO₂ per year, with BlackRock to invest USD 550 million to advance the construction underway in Texas. STRATOS is expected to be commercially operational in 2025.

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Petrobras

Petrobras test unveils pioneering advancements in biorefining

With the use of Petrobras technology, the Riograndense refinery, in Rio Grande, has successfully processed 100% renewable feedstock - soybean oil. The refinery is now prepared to initiate the production of petrochemical feedstocks and renewable fuels.

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TotalEnergies + Aramco

Joint venture successfully converts used cooking oil into ISCC+ certified sustainable aviation fuel

SATORP, jointly owned by Aramco and TotalEnergies, has successfully converted used cooking oil through coprocessing into International Sustainability and Carbon Certification (ISCC+) certified sustainable aviation fuel (SAF). The SAF produced reduces CO₂ emissions by at least 80% on average over the entire life cycle, compared with the fossil-fuel equivalent.

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Ipieca insights and partnerships

Global CCS Institute

New report shows increasing momentum for carbon capture and storage

Research from the international think tank shows that carbon capture and storage (CCS) has seen another year of expansive growth, with 198 new facilities added to the project pipeline this past year - a 102% increase from 2022. World-leading climate and energy analysts agree that CCS is needed to meet global emission reduction goals.

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International Institute for Sustainable Development

Navigating the road to a just transition

As the world prepares for COP28, the importance of a just energy transition is gaining traction. This opinion piece highlights the need for cross-sector collaboration and active societal participation to ensure a transition that is just and fair to workforces, communities and consumers, whilst balancing climate and environmental concerns.

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International Maritime Organization (IMO)

50 years of marine environment protection and climate action in shipping

The IMO marks 50 years since the MARPOL Convention was adopted, which introduced global measures for ships to prevent pollution. An annex adopted in the 1990s extended the treaty to address air pollution and greenhouse gas emissions. ‘MARPOL regulations have been driving innovation to tackle pollution and to address global issues, including climate change’, says IMO Secretary-General Kitack Lim.

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Ipieca

Ipieca and its members support the Paris Agreement

Ipieca raises awareness and support for the Paris Agreement and develops and shares good practice guidance to support its delivery.

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Related Ipieca resources and news

Found these articles interesting? Learn more about the topics covered through Ipieca’s free good practice guidance, awareness briefings, webinars, news and blogs: