Chennai based petrochemical manufacturing company, Tamilnadu Petroproducts Limited (TPL), announced strategic partnership with EY-Parthenon, a strategy consultancy firm to support its carbon-neutral goals. Harnessing EY-Parthenon’s expertise in sustainability strategy development and implementation, TPL aims to develop an integrated carbon-neutral roadmap aligned with its long-term sustainability goals.
TPL is one of India’s leading manufacturers of industrial intermediate chemicals, namely linear alkylbenzene (LAB), caustic soda, and propylene oxide. Leveraging EY-Parthenon’s expertise in sustainability strategy formulation and execution, TPL aims to develop an integrated and inclusive carbon-neutral roadmap that aligns with its long-term sustainability goals.
Ashwin Muthiah, Vice-Chairman, TPL and Founder Chairman, AM International, Singapore, said, “Aligned with AM International’s broader commitment to sustainable manufacturing, TPL is taking proactive steps to contribute to climate change objectives and embrace environmentally conscious practices in its operations. Our collaboration with EY-Parthenon, a renowned global leader in sustainability consulting, signifies a deliberate move towards this objective with a scientific, measurable, and time-bound approach. Overall, it underscores our commitment to environmental stewardship and collective efforts towards a cleaner future”.
Kapil Bansal, Partner and Leader of Industrial Decarbonization, EY Parthenon India added, “We are pleased to partner with TPL on their journey towards carbon neutrality. Leveraging EYParthenon’s deep knowledge of value led decarbonization, we aim to assist TPL in reaching its emission reduction targets, while reducing cost and fostering impactful change within the industry. As the world progresses towards fulfilling climate objectives outlined in the Paris Climate Accord, initiatives like these empower corporations and industry frontrunners to pave the way for a greener planet”.
As part of the mandate and in line with TPL’s overarching sustainability-centric approach, EY-Parthenon will assist in constructing a roadmap to comprehend and address greenhouse gas (GHG) emissions. TPL aims to establish internal reduction targets consistent with the Science-Based Targets initiative (SBTi) and devise an emission reduction plan primarily for Scope 1 and 2 emissions.
By implementing interventions such as clean energy substitution, process efficiency improvement, circularity, and digital automation, Company aims to move towards its goal of carbon-neutral manufacturing.
As per the press release, with its strategic carbon-neutral initiative and partnership with EY-Parthenon, TPL is setting standards for sustainable manufacturing and industry operations. The collaboration highlights TPL’s proactive approach to addressing environmental challenges and reinforces its commitment to embracing manufacturing best practices that are aligned with present-day requirements.
