Argent Energy has taken an important step in its ongoing work to reduce greenhouse gas emissions.
The company’s near-term and net-zero emissions-reduction targets have been validated by the Science Based Targets initiative (SBTi). The validation supports Argent Energy’s commitment to reducing emissions across the business and achieving net-zero by 2050.
Argent Energy has committed to reducing absolute Scope 1 and 2 greenhouse gas emissions by 58.54% by 2035, against a 2023 baseline.
Over the same period, the company has committed to reducing absolute Scope 3 emissions across its wider value chain by 30.0%, alongside a separate target to reduce emissions from the use of sold products covering sold fossil fuels by 50.4%.
Argent Energy worked with global climate consultancy the Carbon Trust to develop its science-based targets and support the SBTi validation process.
As a producer of second-generation biodiesel from waste fats and oils, Argent Energy helps reduce reliance on fossil fuels by offering an alternative to fossil diesel that can help customers reduce their greenhouse gas emissions.
“Our purpose has always been about reducing carbon emissions for our customers, so it is important that we apply that same thinking to our own business” said Louise Calviou, CEO at Argent Energy.
“Producing renewable fuels also means looking beyond the products themselves and continuing to reduce our impact across the wider value chain. With many of our customers and partners on their own journey, we want to have clear commitments of our own, while working alongside businesses that share that same ambition.”
Argent Energy has been taking practical steps to reduce the environmental impact of its operations. In Amsterdam, a planned investment in a new residual heat system is expected to reduce the site's emissions by around 10%.
The company has also invested in wastewater recycling systems across its two major production facilities in the UK and the Netherlands, enabling process water to be cleaned and reused.
Michael Rea, CEO at the Carbon Trust, said "Waste-based biofuels have an important role in cutting transport emissions, particularly where electrification is difficult. For producers, the challenge is to grow that contribution while reducing their own absolute emissions. We’re proud to have supported Argent Energy in developing science-based targets that bring those two priorities together, and we look forward to seeing them further make progress."
