Industrial | Page 44

Novelis Inc., an aluminum solutions provider, announced plans to increase its decarbonization efforts by deploying the use of solar.

Callon Petroleum Company announced it achieved a 40% reduction in Scope 1 GHG emissions intensity compared to the company's 2019 baseline, including a 17% reduction in 2022.

The Renault Group and Volvo Group have partnered to create a new company managing the development of an all-new generation of electrified vans.

Advancion Corporation announced its 2030 goals aimed at reducing water, waste, energy and GHG intensity by 10%.

Advanced Drainage Systems, Inc., a provider of water management solutions, continued progress toward establishing Science Based Targets to reduce absolute GHG emissions by 31% and toward a 16% reduction in emissions intensity in fiscal 2023.

Surge Energy US Holdings Company continued utilization of dual fuel completion fleets, which led to a reduction in GHG emissions of approximately 14,000 MT CO2e in 2021 and 2022.

The U.S. Department of Energy (DOE) announced $22 million in funding for 12 state-run programs to accelerate smart manufacturing at small- and medium-sized facilities.

Bacardi, a privately held international spirits company, announced the opening of its new Combined Heat & Power (CHP) system in Puerto Rico, which will lower GHG emissions of the BACARDÍ rum brand by half.

Financial sustainability for industries and companies will increasingly depend on their ability to successfully navigate emerging regulatory and market regimes targeted at incentivizing the net zero transition. In this World Economic Forum column, learn why success depends on companies’ ability to effectively report their product-embedded emissions through accurate, transparent and comparable GHG emissions data.

California Dairies, Inc. (CDI) announced the company has implemented three state-of-the-art decarbonization technologies designed to increase energy efficiency and reduce emissions.