The Russian Registry of Carbon Units has welcomed three new climate projects by SIBUR implemented at its facilities in Nizhnekamsk, Tomsk, and Dzerzhinsk. Their implementation is expected to secure a combined GHG reduction of over 6 million tonnes of CO2-eq. until 2032.

According to the Russian Registry of Carbon Units, SIBUR now holds the largest portfolio of projects to reduce СO2 emissions among Russian businesses.

The climate project at Nizhnekamskneftekhim involves utilising the facility’s by-products at its own combined cycle gas turbine (CCGT) plant to generate electricity. This helps decrease the consumption of natural gas, ramping down greenhouse gas emissions.

The climate project at Sibur-Neftekhim aims to reduce greenhouse gas emissions by improving energy efficiency in the production of ethylene oxide and glycols.

Elena Myakotnikova, Head of SIBUR's Climate Initiatives and Carbon Regulation, said: “In 2023, SIBUR made remarkable progress in the carbon market. We successfully implemented and validated climate projects at five of our facilities, recorded carbon units in the national registry, and made the first exchange transactions to sell them, helping several companies offset their carbon footprint. Our climate projects meet rigorous quality standards, which results in high demand for SIBUR's carbon units. With this valuable experience, we are committed to strengthening our climate leadership further.”

Oksana Gogunskaya, CEO of Kontur, operator of the Russian Registry of Carbon Units, commented: “To date, no other company in Russia has validated such a diverse range of climate projects as SIBUR. As at the beginning of 2024, its climate initiatives account for nearly one third of all the projects recorded in the Russian Registry of Carbon Units. This reflects the Company’s steadfast commitment to decarbonisation and its leadership’s astute understanding of the promising opportunities presented by the carbon market.”