It is expected to enable the decarbonisation of hard-to-abate sectors such as transport and heavy industry
A total investment of approximately £750m will be committed to deliver the project
The gig bag has also been sourced and made with hemp, a fast-growing and highly sustainable material
It forms part of the company’s commitment to reach net zero emissions from its own operations by 2030
The biopharmaceutical company has also set targets to reduce water consumption by 40% and waste disposed by 75%
They have signed a letter of intent for the collaboration, which will see the companies find business solutions to reduce the need for fossil fuels in the mining operations
The power purchase agreement is expected to help INEOS cut emissions by 745,000 tonnes at its Belgian sites
The company is now developing a strategic climate action plan to achieve net zero carbon emissions by 2030
Finite Carbon currently has 50 carbon projects on three million acres in the US which have registered more than 70 million independently-verified offsets
It will use blockchain technology to digitally verify the movement of raw materials and assess the carbon footprint of its supply network
