Monitor and reduce emissions to meet compliance and sustainability goals

Abstract

In today’s climate-conscious world, companies across the globe continue to push to optimise energy use and reduce or eliminate their greenhouse gas emissions. Investments aimed at emission monitoring and reduction are driven by the need to optimise consumption of electricity, gas, oil, and water to meet emissions reduction targets and sustainability goals. Tracking and reducing emissions can improve process uptime through predictive maintenance and reduce product losses across the process. Methane emissions are in particular focus as methane is more than 25 times as potent as carbon dioxide at trapping heat in the atmosphere. The U.S. Environmental Protection Agency stated that a third of methane emissions in North America come from the industrial sector, and similar figures come from the European Commission. It is no wonder that government and industry are laser-focussed on improving their approach to the reduction of methane emissions. As companies drive their own corporate standards to achieve net zero emissions, there is also a need to comply with existing and upcoming governmental emissions standards and regulations, and report emissions on a periodic basis. The trend to move fugitive emissions monitoring from periodic to continuous provides operators with a greater insight into emissions sources which drives efficiencies through the reduction of lost product and a more predictive approach to maintenance. Investors are increasingly focussed on environmental, social, and governance (ESG) reporting and favouring companies that can demonstrate strong ESG performance. Fugitive emission leaks can translate into billions of dollars of lost productivity annually, and serious occupational accidents.