Phillips 66 Releases 2020 Sustainability Report
Phillips 66 has published its 2020 Sustainability Report titled “Greater Good,” making it digitally available to employees, communities and investors at www.phillips66.com/Sustainability.This year’s report builds on the company’s previous disclosures, proactively sharing Phillips 66’s 2019 performance across its four sustainability focus areas of operating excellence, environmental stewardship, social responsibility and financial performance.The report now includes a chapter on climate change and a Task Force for Climate-related Financial Disclosures (TCFD) analysis.
US Administration Updates Offshore AQ Rules
The U.S. Administration has updated air-quality regulations for offshore drilling in sections of the Gulf of Mexico and off the coast of the North Slope Borough of Alaska.The Bureau of Ocean Energy Management (BOEM) released a final rule on May 14 that updates air pollution controls for most offshore oil and gas operations, without extensive changes proposed by the previous administration.The final rule makes a few changes in specifications, such as replacing the old standard for total suspended particulate matter (PM) with the PM2.5 and PM10 standards of the Environmental Protection Agency (EPA).
FUCHS and BASF Collaborate on Sustainable Lubricants
FUCHS and BASF’s global business unit Fuel and Lubricant Solutions have established a strong case for a holistic real fact-based sustainability assessment of lubricants-hydraulic fluids with recent Eco-Efficiency Analysis (EEA) for different mineral oil based hydraulic fluids.Contrary to the currently dominant cradle-to-gate approach, which only assesses a partial product life cycle until a product has been manufactured, the evaluation of different hydraulic fluids was conducted employing a cradle-to-grave approach when assessing the environmental and economic aspects of the involved products in their full life cycle from sourcing of the raw materials, over production, their use phase and the disposal.
EPA Finalizes NESHAP OLD & MACT Rules
The U.S. EPA recently finalized Risk and Technology Reviews (RTR) for several rules including the National Emission Standards for Hazardous Air Pollutants (NESHAP) for Organic Liquids Distribution (OLD) and Ethylene Production (EMACT).
Aker gets DNV GL approval for Carbon Capture technology
Aker Solutions' technology for a full-scale demonstration project in Norway to remove carbon emissions at a cement plant has been approved as qualified by DNV GL, the technical advisor to the oil and gas industry.