"Using our Climate Change priorities and the Climate Action Objectives as guides, we leverage teamwork and innovation to identify opportunities that seek to reduce emissions intensity and bring us closer to reaching our company targets."
—Rick Wagner, Sustainability Policy and Program Manager
Climate Change
At CPChem, we believe the chemical industry plays an important role in the transition to a lower-carbon future. Optimizing the processes and materials used to make our products while seeking to minimize their environmental impact are helping us pursue our climate goals. Our strategy for climate change centers around three priorities.
Climate Change Priorities
- Reduce Carbon Intensity
By 2030, targeting 15% reduction in carbon intensity using a 2020 baseline - Advance Renewable Energy Solutions
Develop renewable energy projects to support carbon intensity reductions - Strengthen Climate Resilience
Continue building resilience to mitigate physical and transitional climate risks
Pathways to Reducing Emissions Intensity
Our goal of reducing greenhouse gas (GHG) emissions intensity drives CPChem’s sustainable development strategy across the value chain. We plan to use a multi-faceted approach to meet our 2030 target, which includes:
A Custom, Data-driven Approach
CPChem facilities across the globe further the company’s GHG emissions reduction strategy by identifying and prioritizing emissions reduction projects. We use the Marginal Abatement Cost Curve (MACC) process for ideation and research to develop site-specific strategies aimed at reducing emissions and optimizing energy efficiencies. Together, multi-disciplinary teams are working to identify immediate and long-term solutions for emissions reductions and decarbonization projects.
Information and ideas generated from CPChem’s MACC assessments will help the company achieve its climate goals and continued support of SDG #13 Climate Action.
See how we're turning our mission into action.
09/25/2023
Chevron Phillips Chemical is expanding its collaboration with Georgia-based bioplastics company Danimer Scientific to explore development and commercialization of high-volume biodegradable plastic pro ...
07/18/2023
Positioned to Perform is CPChem’s 12th sustainability report. The report documents the accelerated pace of our sustainability journey and spotlights commendable progress and achievements that con ...
05/23/2023
Chevron Phillips Chemical has joined Circulate Capital, an investor advancing a circular economy for plastics in growing nations, to launch of a $65 million initiative to combat plastic pollution in L ...