Specialty Chemicals value creation summary 2017
We are a major producer of specialty chemicals, supplying key products to business-to-business customers. We utilize inherently high energy processes and focus strongly on reducing carbon footprint and energy use, while saving costs in our own operations.
Developing close relationships with our customers – and helping them create value – is key to our ongoing success, along with efficient processes, an increased focus on eco-premium solutions and renewable energy and a high level of innovation.
The aim is to help us create economic, social and environmental value. Social value can be increased by our continued focus on safety, as well as our talent development programs and our contribution to various community activities.
All these initiatives are designed to play a role in contributing to our financial performance and enable us to deliver more economic value for our investors.
During 2017, we invested in several asset integrity and efficiency improvement projects while continuing to invest in growth projects for specific segments. This included increasing Expancel production capacity in Sweden and building a world-scale plant for monochloroacetic acid as part of a joint arrangement with Atul in India. We also completed expansions in Mariager, Denmark, and in Boxing, China.
Revenue developmentin % versus 2016
Revenue breakdown by business unitin %
of revenue from eco-premium solutions, due to RD&I investments
3.2 million tons
upstream CO2(e) emissions
We continue to improve efficiency by reducing our energy use per ton of production, and are working towards improving our share of renewable energy. We continue to drive resource productivity to make the most of valuable raw materials and reduce environmental impact, while strengthening our business.
3.0 million tons
CO2(e) emissions own operations
2.0 million tons
downstream CO2(e) emissions
8.2 million tons
CO2(e) emissions cradle-to-grave
improvement CO2(e) per ton of sales from 2012 cradle-to-grave carbon footprint
employees at year-end 2017
total reportable rate of injuries
(per 200,000 hours)
Employee safety is a key priority and we are actively driving towards a reduction in the number of incidents.
We highly value, and actively work on improving, employee engagement. We’re investing in training and development and continue to work on achieving a more diverse workforce.
We participate in community programs and local sponsorships.
The carbon footprint of a product is the total amount of greenhouse gas (GHG) emissions caused during a defined period, of the product lifecycle. It is expressed in terms of the amount of carbon dioxide equivalents CO2(e) emitted.