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Tatneft joined the Top -10 of environmental efficiency rating

October 11/2021

MOSCOW (MRC) -- Tatneft joined the Top -10 of environmental efficiency rating, said the company.

The environmental rating of the ERA agency assessed the fundamental efficiency of the production activities of companies. This rating reflects the ability of enterprises to operate with a low environmental impact, economical consumption of resources and energy, minimal losses of ecosystem stability in the area of presence of enterprises, with an increase in production per unit of resource costs and environmental reporting open to society.

The ranking identified 160 leaders in 16 groups based on technological similarities. 289 companies participated in the Oil and Gas Production and Pumping Group. When evaluating ERA, 5 criteria were used (energy resource, technological and ecosystem efficiency, efficiency dynamics and transparency). The transparency indicator of Tatneft was 91.6%.

Information transparency is an important factor in business sustainability. Tatneft publishes a sustainability report that meets the requirements of the GRI standards. By joining the UN Global Compact, the Company increases the level of integration into business processes of all aspects of sustainable development and continues to increase its contribution to the fight against climate change.

As per MRC, Tatneft intends to develop the production of composite materials. Currently, the development strategy of Tatneft's petrochemical complex projects is at the stage of updating, integrating a new project of the company for the production of butadiene rubbers in Kazakhstan and the recently acquired EcoPet plant (Kaliningrad) for the production of polyethylene terephthalate (PET). Within the framework of updating the strategy, Tatneft plans to pay great attention to "green" projects.

According to MRC's ScanPlast report, Russia's estimated PET consumption totalled 411,200 tonnes in the first six month of 2021, up by 12% year on year. Russian companies processed 62,910 tonnes in June, compared to 85,890 tonnes a month earlier.

JSC Tatneft is part of JSC Tatneftekhiminvest-holding, an industrial and financial company that unites the largest enterprises of the oil and gas chemical complex of Tatarstan. Tatneft accounts for over 80% of oil produced in Tatarstan. In 2013, the company increased oil production by 0.4% to 26.107 million tons. The main shareholder of Tatneft is the state holding OJSC Svyazinvestneftekhim, which owns 30.44% of the shares in the authorized capital of the company. Tatarstan owns the "golden share" of Tatneft.
Author:Anna Larionova
Tags:APET-granulate, PET-granulate, terephthalic acid, Tatneft, Ekopet, Russia.
Category:General News
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