Business

Infineum makes positive strides towards its sustainability goals in Singapore

Infineum’s operations in the region will support its global ambition of achieving net zero emissions from its owned and operated assets for scope 1 and 2 emissions by 2050.

Published

1 year ago

July 21, 2023

Admin

International fuel additives company Infineum on Thursday (20 July) shared its sustainability achievements and plans including its progress in Singapore.

Being the first major lubricant additive company to announce its Net Zero ambition, Infineum’s operations in this region will support its global ambition of achieving net zero emissions from its owned and operated assets for scope 1 and 2 emissions by 2050.

In the Asia region and globally, Infineum plans to collaborate with energy providers and site partners to expand solar farms, improve the renewable energy mix, and optimise its facilities. Additionally, the company plans to invest USD 20 million annually on capital improvements to its manufacturing facilities.

Locally in Singapore, Infineum has made positive strides towards its sustainability goals. Infineum Singapore manufacturing plant has made significant progress in optimising the centrifuge of its Calcium Sulphonate unit. This optimisation has led to a remarkable 75% reduction in water consumption, resulting in daily savings of 48m3.

Another area of focus for Infineum Singapore is refrigerant control. In 2022, the company achieved an 80% reduction in refrigerant losses. This corresponded to over 8000Mt Co2e in greenhouse gas (GHG) emission savings across its manufacturing plants.

These achievements so far demonstrate the company’s alignment with Singapore's environmental stewardship as well as the United Nations Sustainability Development Goals.

Infineum's broad range of applications spans across various industries, including automotive (cars, trucks, motorcycles), electric and hybrid vehicles, marine shipping and gas engines, crude oil refining, and mining.

The company's presence in Asia is led by its manufacturing plant in Jurong Island, Singapore, which has played a vital role in producing Infineum's products for the region since 1982. Furthermore, Infineum opened its China Business Technology Center in Shanghai in 2014, and its blending plant in Zhangjiagang in 2016, enabling the company to serve customers in the wider Asia region.

Infineum added it has successfully integrated sustainable design into its products. The company evaluates new product developments using sustainability criteria and strives to accelerate environmental and social improvements throughout its value chain.

Kevin Poindexter, Head of Sustainability at Infineum, said, "Infineum's Net Zero announcement in 2023 represented a key milestone on our Sustainability journey that began five years ago. We've made great progress in reducing our operational GHG emissions, measuring the carbon footprint of our products, and integrating Sustainability into our corporate purpose.”

“Building on our established social values for safety and I&D (Inclusion & Diversity), we are progressing on the next stage of this long journey towards our 2030 and 2050 ambitions. In doing so, we must continue delivering the high-performance products our customers need and working to support them in their Sustainability journeys as well.”

Aldo Govi, CEO, Infineum, said: “Our aim is to lead our industry on this exciting journey, taking a collaborative approach and engaging on sustainability not just with our customers, but also with our colleagues, suppliers, shareholders, and communities.”

“Together, we can help maintain our quality of life as human beings, retain the diversity of life on Earth and enable the Earth’s ecosystems to thrive.”

Earlier in the month, Infineum published its 2022 Sustainability Report, which provides an update on the progress the company has made against its goals.

Note: The full report 2022 Sustainability Report can be accessed here.

Photo credit: Infineum
Published: 21 July, 2023

Related Topics:Bunker fuel - Additives Others - Environment Port & Regulatory - Decarbonisation

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