We are taking a stepwise approach to accelerate the transition to a circular, low-carbon economy. In our sustainability strategy, we have broken down our ambitions into a clear roadmap.
We are closing the loop in our product lifecycle through investments in mechanical and advanced recycling, significantly reducing carbon emissions, waste, and promoting longer material use. Moreover, we collaborate with the entire value chain including sorters and recyclers to ensure a consistent, high-quality supply of post-consumer styrenics that we can recycle.
Today, a significant part of our electricity consumption is already based on renewable energy. All our production sites in Germany and Belgium have switched their power consumption to renewable electricity. We now plan to also move our plants in Asia-Pacific and the Americas towards the use of renewable energy.
We are cooperating with partners in that value chain to bring more styrenics waste back into plastics production. Styrenics, and particularly polystyrene, are among the best sortable polymers and offer one of the largest ranges of recycling options, from mechanical recycling through dissolution, depolymerisation and other advanced recycling processes, making styrenics products well suited to become raw materials again after their intended use.
We also offer the integration of renewable feedstock as a replacement for fossil fuel that complies with the highest sustainability criteria. This bio-attributed approach uses fewer fossil resources and has a substantially lower carbon footprint (depending on the feedstock and polymers) when compared to styrene produced from fossil feedstock.
We're implementing measures to reduce scope 1 emissions, focusing on technology improvements and energy reduction projects at our monomer plants. We are also incrementally improving our operations by efficiently using raw materials, optimising our production processes and implementing energy reduction projects. We rely on an intermodal distribution model of trains, ships, and trucks to find the most efficient route to distribute our products. We favour the use of rail and sea transport, rather than road-based transport and encourage our customers to order in bulk when possible, to further lower our transport footprint.
CARBON CAPTURE, STORAGE & OFFSETS
Together with the INEOS Group, we are looking at new technologies such as carbon capture and utilisation as well as using increasing amounts of hydrogen in our furnaces to reduce carbon emissions. The use of carbon offsets for residual emissions is our last option.