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Arkema plans Euro 100 mn annual investment to fight climate change

The company, alongside 38 other French firms, has confirmed its commitment to a low-carbon economy by supporting the climate negotiations at the 21st Conference of the Parties

Climate change-illustration

BS B2B Bureau Paris, France
As a part of its strategy to fight against climate change, Arkema plans to invest some Euro 100 million per year in low-carbon industrial and R&D projects, ie 20 percent on average of the group’s investment effort, over the 2016-2020 period.
 
Arkema, alongside 38 other French companies, has also confirmed its commitment to a low-carbon economy by supporting the climate negotiations at the 21st Conference of the Parties (COP) with a view to the signing of an ambitious and sustainable global climate agreement.
A designer of materials and innovative solutions, Arkema has been developing for several years a global ‘low carbon’ strategy aimed at minimising its environmental footprint and providing its customers with sustainable and innovative solutions.
   
To minimise greenhouse gas (GHG) emissions, Arkema is rallying its efforts and undertaking concrete initiatives in order to take action on the energy efficiency of its facilities, in particular through its Arkenergie program which aims to cut by an average of 1.5 percent per year the group’s energy bill by 2020. Arkema also conducts industrial projects which have a direct impact on the reduction of CO2 emissions at its customers, with, for instance, fourth generation refrigerant fluorogases for cars and stationary equipment, and specialty molecular sieves used in refining and petrochemical plants.
 
Arkema’s research focuses on sustainable development and provides its customers with innovative solutions which help reduce GHG emissions by cutting energy consumption, by improving thermal insulation, and by reducing the weight of materials used, or which play a role in the development of renewable energies.

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First Published: Nov 30 2015 | 12:56 PM IST

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