HOUSTON, July 24,
2024 /PRNewswire/ -- Ascend Performance Materials'
CEO Phil McDivitt spoke at the White
House Super Pollutants Summit this week to tout the company's
efforts in tackling greenhouse gas emissions and to advocate for a
strengthened global voluntary carbon market.
During his remarks, Mr. McDivitt reaffirmed his company's goal
of reducing scope 1 emissions by 90% by 2030 and committed to over
99% abatement of total nitrous oxide (N2O), a greenhouse
gas that is over 200 times more potent than carbon dioxide, from
the company's operations.
"We fundamentally believe that reducing our emissions is the
right thing to do and we are aggressively tackling it," said Mr.
McDivitt. "Across the industry, more needs to be done to address
emissions and companies need tools to help them accelerate their
efforts."
One tool Mr. McDivitt advocated for was the voluntary carbon
market. Ascend, through its partner ClimeCo and using a protocol
developed by Climate Action Reserve, is using the voluntary carbon
market to support its sustainability efforts. The company recently
completed a project that abates over 99% of the N2O
emissions from its adipic acid production.
But more needs to be done. Mr. McDivitt cited a lack of trust in
carbon credits due to limited oversight and guidelines, which have
allowed high-profile instances of abuse. He pointed to the
administration's recently published Voluntary Carbon Markets
Joint Policy Statement and Principles as a step in the right
direction.
"The voluntary carbon market allows for the funding of
necessary, tangible reductions. It also allows industries with
limited decarbonization options to set and meet goals while their
technologies advance," said Mr. McDivitt. "For example, projects
like ours, because the abatement is permanent, additional and
subject to regular third-party audit, can help offset aviation
emissions while low-carbon jet fuels become viable."
Ascend recently published its 2023 sustainability report, which
highlights progress against the company's 2030 Vision.
About Ascend Performance Materials
Ascend Performance Materials makes high-performance materials
for everyday essentials and new technologies. Our focus is on
improving quality of life and inspiring a better tomorrow through
innovation. Based in Houston,
Texas, and with regional offices in Shanghai, Brussels and Detroit, we are a fully integrated material
solutions provider with global manufacturing facilities in
North America, Europe and Asia. Our global workforce makes the materials
used to make safer vehicles, cleaner energy, better medical
devices, smarter appliances and longer-lasting apparel and consumer
goods. We are committed to safety, sustainability and the success
of our customers and our communities.
Learn more about Ascend at www.ascendmaterials.com.
Contact: Osama Khalifa, +1
832-963-1347,
okhali@ascendmaterials.com
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SOURCE Ascend Performance Materials