INEOS Inovyn releases new sustainability report with ambitious new milestones
INEOS Inovyn has published its second sustainability report outlining its steps to make the industry more sustainable.
The company said it was doing this through its ‘four pillars’ - responsible production, carbon neutrality, circularity and value to society.
With this report, INEOS Inovyn has further acknowledged its responsibility as a world leading PVC producer when it comes to changing mindsets and challenging existing practices along the whole value chain.
The report sheds light on various achievements and projects, including:
• Comprehensive net-zero carbon roadmaps across all sites to reach carbon footprint targets. Critical projects to improve the efficiency of our assets have been completed in 2021;
• Project Circle, which sees INEOS Inovyn develop advanced recycling technologies such as chemical recycling to treat PVC from various post-consumer waste streams;This will allow for the inclusion of recycled materials into our product range.
• Further development of bio-sourced products with the launch of REODRINTM - the world’s first commercially available grade of bio-attributed epichlorohydrin - as well as the expansion of our BIOVYNTM portfolio through extended RSB certification for sites in Sweden and Norway;
• The publication of its first range of environmental product declarations, confirming INEOS Inovyn’s position as the European leader in low-carbon vinyl and chlor-alkali products;
• Acceleration of hydrogen development with project Aquarius, INEOS Inovyn’s first water electrolysis plant at our Rafnes site in Norway, as well as project HyBay which will see INEOS Inovyn ramp up the supply of hydrogen to fuel the UK’s transport;
• Strong support for the launch of VinylPlus® 2030, the European PVC value chain’s 10-year voluntary commitment to sustainable development.
Geir Tuft, CEO of INEOS Inovyn, said: “2021 was yet another exciting year for INEOS Inovyn. The path towards sustainability is still long, but with each year that passes we demonstrate that our company and the industry at large have the capacity to turn vision into reality.”
The full report can be accessed at INEOS Inovyn Sustainability Report 2022
The company said it was doing this through its ‘four pillars’ - responsible production, carbon neutrality, circularity and value to society.
With this report, INEOS Inovyn has further acknowledged its responsibility as a world leading PVC producer when it comes to changing mindsets and challenging existing practices along the whole value chain.
The report sheds light on various achievements and projects, including:
• Comprehensive net-zero carbon roadmaps across all sites to reach carbon footprint targets. Critical projects to improve the efficiency of our assets have been completed in 2021;
• Project Circle, which sees INEOS Inovyn develop advanced recycling technologies such as chemical recycling to treat PVC from various post-consumer waste streams;This will allow for the inclusion of recycled materials into our product range.
• Further development of bio-sourced products with the launch of REODRINTM - the world’s first commercially available grade of bio-attributed epichlorohydrin - as well as the expansion of our BIOVYNTM portfolio through extended RSB certification for sites in Sweden and Norway;
• The publication of its first range of environmental product declarations, confirming INEOS Inovyn’s position as the European leader in low-carbon vinyl and chlor-alkali products;
• Acceleration of hydrogen development with project Aquarius, INEOS Inovyn’s first water electrolysis plant at our Rafnes site in Norway, as well as project HyBay which will see INEOS Inovyn ramp up the supply of hydrogen to fuel the UK’s transport;
• Strong support for the launch of VinylPlus® 2030, the European PVC value chain’s 10-year voluntary commitment to sustainable development.
Geir Tuft, CEO of INEOS Inovyn, said: “2021 was yet another exciting year for INEOS Inovyn. The path towards sustainability is still long, but with each year that passes we demonstrate that our company and the industry at large have the capacity to turn vision into reality.”
The full report can be accessed at INEOS Inovyn Sustainability Report 2022
