Auzzi Shopping

Men's Weekly

.

SIBUR secures international verification of certified emission reductions (CERs) earned by its climate project at ZapSibNeftekhim

  • Written by Auzzi Shopping

SIBUR has secured international verification of a climate project completed at ZapSibNeftekhim, Russia’s largest petrochemical facility.

MOSCOW, RUSSIA - Media OutReach - 14 February 2023 - Verico SCE, Europe's leading validation and verification body, has confirmed that SIBUR's climate project meets ISO 14064-2:2019.

This helped SIBUR earn certified emission reductions (CERs) totalling some 3 million tonnes of CO2-eq. by 2022.

Under the climate project, by-products of ZapSibNeftekhim will be recycled for heat and power generation. Feedstock residues that cannot be brought back into the core production cycle are fed to HPPs' power boilers rather than flared, thus significantly reducing greenhouse gas emissions. As part of the project, SIBUR has built a gas-mixing unit for making a fuel mixture.

This is Russia's first GHG emission reduction project verified by an international body for compliance with ISO 14064-2:2019 and requirements pertaining to quantification, monitoring, and reporting. The climate project development and validation process was supported by Kept, an audit and advisory firm.

Mikhail Karisalov, Chairman of the Management Board and CEO of SIBUR: "Decarbonisation is a priority area of SIBUR's Sustainable Development Strategy, which sets out the Company's targets to reduce GHG emissions and achieve carbon neutrality of at least one of our facilities by 2025. For some years now, we have been assessing the impact of our investment projects on GHG emissions of each facility and the Company as a whole. We expect the implementation of this internationally validated climate project in Tobolsk to help our Group facilities intensify their decarbonisation efforts, and make a major contribution to solidifying SIBUR's position among leaders of the national climate agenda."

Vladimir Lukin, Partner, Operational Risks and Sustainability, Kept: "The validation of the ZapSibNeftekhim project for compliance with ISO 14064-2:2019 is a milestone for the national carbon market development as it basically recognises the quality of Russian climate projects. This opens up opportunities for further integration of Russia's climate policy into the global climate action. The validation process confirmed the project's compliance with international requirements and also, importantly, with the practical criteria applied to climate projects by verifying and validating bodies, including additionality, baseline justification, and monitoring approaches."

Vyacheslav Vekovtsev, Verico SCE representative in Russia and director general in Ecopolis Certification & Service: "Despite the current situation we continue working on the Russian market and contribute to improving the quality of verification institutions in the Russian Federation as we as acknowledgement of Russian climate projects and carbon credits on the international level. We are very pleased to take part in the project of examination and certification of the first gas emission reduction project in Russia, in accordance with the ISO 14064-2:2019 standard. Congratulations to the SIBUR and ZapSibNeftekhim team on the successful positive verification!"

Hashtag: #SIBUR

The issuer is solely responsible for the content of this announcement.

For Editors:

SIBUR is Russia's largest integrated petrochemical company and one of the fastest growing global petrochemical players, with approximately 50,000 employees. The Company's unique vertically integrated business model enables it to deliver highly competitive products used in the consumer goods and automotive industries, as well as construction, energy, chemistry and other industries across 100 countries.

SIBUR helps to reduce CO2 emissions stemming from the burning of oil and gas extraction by-products by processing them into valuable petrochemical products.

Learn more at:

Today's Features at Auzzi

Why Hiring a Professional Asbestos Removalist Melbourne Is Crucial

Asbestos remains a serious health hazard in many older buildings across Melbourne. If your property was built before the 1980s, there’s a significant chance asbestos-containing materials...

How To Upgrade Your Backyard For Better Entertaining

The Importance of Outdoor Entertaining in Australia Why Backyards Are Central to Aussie Living Backyards play a vital role in the Australian way of life. They’re where families gather...

Achieve a Natural Smile with Dental Implants and Cosmetic Dentistry in Sydney

A healthy, beautiful smile is one of the first impressions others have of you. But for some, missing teeth, trauma, or cosmetic imperfections can sap confidence and happiness. With modern ...

Education and the Lockdown Legacy – How Covid Impacted Our Youngest Learners

Maisie might only be nine, but she decorates a cake like a pro. In between her baking projects, Maisie maintains her bush food garden and monitors her frog hotel for new residents.  Maisi...

Wang Chuanfu Attends BYD Harmony’s 100th Overseas Store Opening

Dignitaries inaugurate the new store On July 12, 2025, Melbourne, the vibrant pearl of the southern hemisphere, Chairman and President of BYD Co., Ltd. Mr. Wang Chuanfu inaugurated and ...

Best Practices to Prevent Cracks in Composite Deck Boards

Composite decking is a premium, cost-effective solution that’s transforming outdoor living spaces across Australia. Whether you prefer wood-plastic composite (WPC), polyvinyl chloride (P...

How I Built a Profitable Jewelry Business with Wholesale Bulk Rhinestone

When I first started my DIY jewelry business, I knew I needed high-quality materials at affordable prices to maximize my profits. After extensive research, I discovered that wholesale bulk...