Our Decarbonization Strategies
In order to decarbonize carbon footprint in our operations and value chain, we are exploring a diversified portfolio of solutions including new ideas and working with others to drive innovation. IVL is exploring a combination of following decarbonization strategies:
Improving operational efficiency
Invest in operational and energy efficiency to reduce emissions in our operations
Renewable ElectricityDecarbonize IVL’s energy consumption via on-site vs. off-site renewable energy development
RecyclingInvest in and expand recycling facilities to address plastic pollution and reduce lifecycle carbon emissions
Circular Feedstock (Bio-based and Recycled feedstocks)
Replacing fossil fuel-based feedstocks with bio-based and recycled feedstocks
Exploring opportunities for Carbon Capture Utilization and Storage (CCUS), green hydrogen, bio/renewable feedstock, Renewable Natural Gas (RNG)
Natural Capital Solutions
Explore partial/full ownership of carbon offsetting projects
Direct GHG Emissions - Scope 1
Indirect GHG Emissions - Scope 2
Total GHG Emissions-Scope 1 & 2
Note: Intensities are calculated based on overall production including inter-company sales.
IVL calculated direct and indirect emissions (GHG Scope 1 and 2) for all of its operations globally in accordance with the GHG Accounting Protocols-Greenhouse Gas Protocol on Corporate Accounting and Reporting by the World Resource Institute (WRI)/World Business Council for Sustainable Development (WBCSD) and ISO 14064-1:2006.
100% GHG Disclosure
Since 2013, we have reported on 100% our GHG emissions from all of our sites worldwide. This includes GHG accounting of Scope 1 and 2 emissions from direct and indirect emissions sources. We also established criteria to calculate Scope 3 emissions emitted from our supply chain globally, along with a few major categories applicable to IVL. Furthermore, we plan on having an annual verification process going forward carried out by a third party to ensure the transparency, consistency and accuracy of all GHG data disclosed, in accordance with ISO 14064-1 and 14064-3 requirements.
GHG Emissions Strategy
We realize that fossil fuels are the main contributor to our GHG emissions. To achieve a reduction and improve our operational efficiency, we are exploring ways to acquire increased renewable electricity from producers who operate solar, wind, or facilities from other renewable sources. We are exploring the benefits of joining national associations of renewable electricity buyers in order to gain greater negotiating power and a fair electricity price, as well as the option of renewable energy procurement through a global virtual PPA in-line with the Paris protocol to further reduce our GHG emissions.
Scope of GHG Verification
Our audited GHG Scope 1, Scope 2 and Scope 3 Emissions
|Emissions Source||Amount (tCO2e)|
|Scope 2 (Location Based)||2,485,210|
|Scope 3 (Raw Materials)||23,787,293|
|Scope 3 (Electricity)||533,386|
|Scope 3 (Fuel)||1,130,616|
|Scope 2 (Market Based)||2,407,780|
PT. Indorama Ventures (PTIVI) Indonesia commissioned two 7.5 MW gas turbines with two additional absorption chillers with 2,937 TR capacity from both waste heat and hot water recovery. This unit was installed along with two new HTM boilers using waste heat from turbines. This unique project, with heat recovery at three different stages, is the first time at IVL that the cogeneration plant process will run using waste heat from turbine exhaust. This project, with a total investment value of US$28 million, will achieve an annual GHG reduction of approximately 30,000 tons. The expected CO2 savings will be roughly 25% for the whole site.