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McDermott to accelerate contributions to a low-carbon economy through its sustainability targets

August 03/2021

MOSCOW (MRC) -- McDermott International, Ltd will accelerate its contributions to a low-carbon economy through its sustainability targets, which are outlined in the company's latest sustainability report, according to Hydrocarbonprocessing.

The company's targets include:

     - 50% reduction in scope 1 and 2 greenhouse gas (GHG) emissions by 2030;
     - 35% reduction in scope 3 GHG emissions for ten key supply chain categories by 2030;
     - Zero office waste-to-landfill by 2025;
     - 50% reduction in waste generation by 2030;
     - Specific milestones for advancing social investment, local content and human rights;
     - The targets leverage years of analysis and the company's long history of delivering - and continuously improving - responsible energy infrastructure across the energy value chain.

McDermott supports the global energy transition and has delivered award-winning work, studies and developments to expand possibilities in net-zero construction, carbon capture, hydrogen storage solutions, net-zero liquified natural gas and offshore wind.

The company has the same aspirations for its own operations as reflected in the sustainability program and proactive targets. The result is an integrated sustainability strategy with a governance framework applied globally across all aspects of the business.

"Our sustainability report identifies the progress we have already made," said Rachel Clingman, McDermott's Executive Vice President, Sustainability and Governance. "And it confirms our commitment to reducing GHG emissions, managing water use, reducing waste-to-landfill and improving socially responsible investments that support the communities where we operate."

As MRC wrote previously, last month, McDermott International, Ltd announced it had been awarded an engineering and procurement contract for a spent caustic treatment solution on the Gas Chemical Complex (GCC) project from Heat Transfer Technologies DMCC (HTT). The GCC project is owned by Baltic Chemical Plant LLC, a subsidiary of RusGazDobycha. It is the largest polyethylene (PE) integration project in the world and is located near Russia's shores in the Gulf of Finland.

According to MRC's ScanPlast report, Russia's estimated PE consumption totalled 953,400 tonnes in the first five months of 2021, which virtually corresponded to the same figure a year earlier. High denisty polyethylene (HDPE) shipments decreased.

McDermott is a premier, fully-integrated provider of engineering and construction solutions to the energy industry. Our customers trust our technology-driven approach engineered to responsibly harness and transform global energy resources into the products the world needs. From concept to commissioning, McDermott's innovative expertise and capabilities advance the next generation of global energy infrastructure - empowering a brighter, more sustainable future for us all. Operating in over 54 countries, McDermott's locally-focused and globally-integrated resources include more than 30,000 employees, a diversified fleet of specialty marine construction vessels and fabrication facilities around the world.
Author:Margaret Volkova
Tags:PE, gas processing, petrochemistry, RusGazDobicha, McDermott International, sustainable development, Russia, USA.
Category:General News
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