GHG Emissions, Industrial - February 24, 2022
Nouveau Monde Graphite Plans Net-Zero Overhaul of Operations
Nouveau Monde Graphite released Feb. 24 its plans to maintain its previously-reached carbon neutrality while it fully transitions to net-zero emissions by 2030.
The graphite-based materials company unveiled its Climate Action Plan, which includes details of its plan to transition from ore to battery materials alongside its transition to a net-zero operation. Part of its new business plan includes the development of carbon-neutral battery materials to support the growing electric vehicle and cleantech markets.
In 2021, the company purchased enough carbon credits to offset its entire balance of Scope 1 and 2 emissions and a portion of Scope 3 emissions. One such project that the credits have funded is a 20 MW solar project in Madagascar.
NMG’s mapping of its climate strategy and reporting suggest that its emissions will increase over the next five years before reaching operational stabilization. To expedite that process, the company is exploring reduction and mitigation measures for Phase-1 and Phase-2 operations.
The company’s Climate Action Plan also aims to reduce the use of and financial risk associated emissions offsets through source reduction strategies and compensation projects. NMG plans to fully offset its carbon through verified carbon sequestration credits by 2030, while using a science-based approach to target setting and incorporating credits from local projects in its compensation strategy.
“We are taking swift action to become a change agent and a leader in providing the market with high-quality products with a carbon-neutral footprint while meeting our customers’ needs,” Eric Desaulniers, founder, president and CEO of NMG, said in a statement. “We have incredible opportunities on the road to becoming Net-Zero. By proactively managing the carbon footprint of our operations and products, designing infrastructure with carbon sequestration potential, developing our offsets portfolio, and making long-term efforts within our industry, I am confident that we will further differentiate ourselves in the market.”
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