Company News

Shell Ventures and BlueAlp Holding announced a new partnership to develop and deploy plastic waste to chemical feedstock technology.

S&P Global Platts announced that it will launch the first ever daily carbon offset premiums alongside monthly carbon intensity calculations for 14 major crude fields around the world.

Eni and the International Renewable Energy Agency (IRENA) have entered a three-year partnership agreement to collaborate in the promotion of renewable energy and accelerate the energy transition, particularly in countries that export fossil fuels.

Ahead of COP26 talks in November, the United States. and the European Union announced a commitment to cut their methane emissions 30% by the end of the decade, and are rallying other governments to join them.

U.S Refiner Phillips 66 says it will cut greenhouse gas emissions by 30% from its operations by 2030, amid mounting pressure on the industry to join the fight against climate change and cut carbon emissions by mid-century.Since the 2015 Paris climate accord set a goal to keep global warming to well below 2 degrees Celsius (3.6 F), there has been pressure on refiners to announce ambitious targets and operate more cleanly."We support the ambitions of the Paris Agreement, and Phillips 66 will do its part by improving energy efficiency and developing lower-carbon technologies," Chief Executive Greg Garland said in a statement.The refiner expects to achieve the target through investments in lower-carbon business platforms including renewable fuels, lithium-ion batteries, carbon capture and hydrogen.It plans to reduce so called Scope 3 emissions intensity of its energy products by 15% from 2019 levels.

Goldman Sachs Transaction Banking Services has launched a new ESG (Environmental, Social and Governance) linked demand deposit account, with global water technology company, Xylem, as its anchor client, the two companies announced.The new Goldman Sachs Transaction Banking (TxB) product links the yield clients earn on their deposits to the achievement of their own ESG targets.

Voith was awarded a B- rating for the first time by the independent rating agency ISS ESG and, together with SKF Group and Johnson Controls, is one of the three best companies within the plant and mechanical engineering sector worldwide.

ESC Spectrum announced the release of QAInsight Version 1.1, a subscription-based software that helps utilities and other industrial companies solve the challenges of scheduling, planning and tracking a myriad of activities related to performing QA tests required by state and federal agencies.QAInsight serves as a company’s single source for QA test data, ensuring access to information across different facilities and departments, as well as eliminating mistakes caused by missing or incorrect data resulting from spreadsheets or other error-prone collection and storage methods.With the click of a button, QAInsight users can see an overview of their QA activities (including QA test completion dates, operating data, and recertification event deadlines among many others) color-coded to help them quickly set priorities.The latest release of QAInsight offers new features and enhancements to improve user experience and make it easier to comply with emissions regulations.

Engine No. 1, an investment firm that drives performance through impact, published a white paper detailing its Total Value Framework.

An ambitious project aimed at capturing millions of tons of carbon emissions along the U.S. Gulf Coast in Texas garnered the support of some of the world’s biggest refiners and chemical manufacturers.Dow Inc., Chevron Corp., Phillips 66 and Calpine Corp.