STX

We are pleased to take an active part and share our views at the Green Gas Mobility Summit in Madrid this week, the leading sustainable transport event in the Iberian Peninsula. Over the past two days, experts in their fields have analyzed what we can do to reach climate goals and improve air quality through modern and future technologies like biomethane, hydrogen and its derivatives. Zvonko Ikic, originator in the biomethane team at STX Group, had the pleasure of speaking at the "BioLNG in Europe: driving the energy transition and decarbonizing transport” roundtable, which looked at adoption challenges and innovative solutions such as our partnership with Hapag-Lloyd and Titan Clean Fuels. "The pressure to decarbonize shipping is intensifying due to regulations and customer demand for greener options. A mix of fuels will be essential, with biofuel blends serving as key short-term solutions and methanol and ammonia scaling up by the decade's end,” Zvonko said. "While the long-term future remains uncertain, BioLNG emerges as the most cost-effective biofuel for the marine industry, offering low carbon intensity, easy implementation and significant emission reduction potential".

IETA and Natural Climate Solutions Alliance have unveiled a new paper on the urgent need to finance natural climate solutions. For all our corporate clients out there, here is why we believe it's essential to invest into nature-based climate solutions and why now. The case to invest in NCS today is underpinned by four realities discussed in this paper: 1) The mitigation potential of NCS is higher relative to other abatement options currently available 2) Nature loss is driving near-term threats to economic growth, putting billions of dollars of assets at risk of becoming stranded within the next 5 to 10 years 3) The potential for nature to support mitigation decreases after 2030 as ecosystem functionality and natural carbon sinks pass crucial tipping points due to land conversion 4) NCS can help address challenges beyond climate and economic risk mitigation, and can bring significant benefits to people, communities, and biological diversity. Find out more here: https://lnkd.in/dEbi_hzT

This week, STX Group made a significant impact at the I-REC Standard Conference in Sao Paulo, Brazil. Our Head for Latin America, Julio César Santiago, delivered an insightful presentation on Global EAC Markets. He delved into the basics of these powerful instruments, demonstrating their role in tracking GHG emissions and how they are utilized. Also, our Head of IREC Trading, Vladimir Grigorov, tackled a crucial question in EAC markets: how much are they worth? The session dealt with benchmark pricing and we empowered participants – end-users, power generators and brokers – to make informed decisions for their 2024 sales and procurement activities.

Jose María García Berrendero, Head of STRIVE by STX in Latin America, shared his views with REVISTA NEGOCIO & CONSTRUCCIÓN regarding decarbonization challenges in cement and concrete due to the high costs of technologies and competition from sustainable alternatives. Also, stricter regulations, like the EU's Carbon Border Adjustment Mechanism, add pressure. Strategies exist to reduce emissions, such as energy efficiency, kiln electrification and carbon capture. However, these face economic and regulatory barriers, especially in Latin America and the Caribbean. Jose Maria dives into effective decarbonization strategies addressing the entire value chain, from raw material extraction to final distribution. Click here to read the interview (Spanish): https://lnkd.in/deHf__ki

More and more companies invest in decarbonization beyond ethical reasons alone. Having an actionable sustainability roadmap with clear decarbonization targets has become a critical aspect of a successful corporate strategy. Companies that have shifted to a more climate-friendly approach not only attract more investment, customers and talent but also reduce costs through improvements to energy efficiency.  Decarbonization is also driving innovation across sectors with new technologies and business models, giving businesses the opportunity to lead their industries through the transition to a low-carbon economy. We at STX provide companies with the right tools to reduce their carbon footprint, navigate the market and regulations as well as to offer the best value for decarbonization of operations. 

Yash Chawla, Strategic Project Manager and chemical expert at STX Group, shared his thoughts around the decarbonization and sustainable growth of the chemical industry in June’s edition of Process & Control Magazine. Decarbonization can be a daunting undertaking for chemical companies that face a complex regulatory landscape and rely heavily on fossil fuels. An effective decarbonization strategy requires a multi-faceted approach including a shift towards biofuel-based feedstock, renewable energy sources like solar and wind, optimizing energy efficiency and carbon capture of unavoidable CO2 emissions. Find out more here: https://lnkd.in/dmM-hJYK

We had the pleasure of speaking at IncubEx’s annual summer event in Chicago last week. Our Head of US RECs Mark Scorsolini was invited to join Tom Holliday, Founder of HIP Investments and Mark Horowitz, Managing Director in Global Sales & Business Development at IncubEx, to discuss investment and trading opportunities across the global energy transition value chain. The panel identified strategies to hedge and manage portfolio risk and highlighted emerging trends and new frontiers in environmental markets.

The global economic landscape is shifting towards de-globalization, with a focus on domestic competitiveness and environmental regulations. This presents challenges for businesses built on open borders, but also opportunities for those embracing sustainability. For corporates seeking to make an impact, we unlock the power of environmental markets to accelerate the energy transition and empower climate action in APAC. Businesses also need to navigate an increasingly complex regulatory landscape in the region. Schemes such as EU CBAM will have a significant impact on global trade dynamics and encourage the adoption of green practices. Taiwanese companies, especially those in the iron and steel industry, should start preparing for CBAM compliance. "Challenges in market expansion are more about navigating local specificities in global markets. Our ability to access and offer environmental commodities across regions is key to helping companies achieve their decarbonization goals," said Aymeric de Condé, MSc, Head of APAC at STRIVE by STX STRIVE by STX offers solutions for navigating environmental commodities trading and achieving decarbonization goals. Get in contact to learn more. https://lnkd.in/dT8re8n2

UNDP has published the largest survey on climate change in history with 75,000 people from 77 countries: the Peoples’ Climate Vote 2024. It shows a consensus on the push for more ambitious climate action. Some of key takeaways include: 🔹 80% of respondents want stronger governmental action to tackle climate change 🔹 People from the world’s biggest emitter countries support stronger climate action including 66% in the US 🔹 The vast majority of people are in favor of a quick transition away from fossil fuels with only 7% globally saying their country should not transition at all The research study highlights the growing need for both governments and the private sector to create effective climate strategies and take decisive steps towards decarbonization. STX Group proudly helps businesses drive positive change and succeed on their transition journeys. Find out more here: https://lnkd.in/dqqn-XyT

The European Council has taken this week a big step towards empowering consumers with new rules targeting greenwashing. Here are some key takeaways: 🔹 Climate-related claims must be substantiated with detailed and transparent methodologies, specifying the share of total emissions addressed, the nature of the credits, and the verification schemes involved. This ensures the quality and integrity of carbon credits, preventing misleading claims. 🔹 Claims that products have a neutral, reduced, or positive environmental impact based on offsetting emissions are prohibited unless based on the actual life cycle impact of the product. This prevents consumers from being misled by claims that do not reflect the true environmental impact. 🔹 The directive calls for harmonizing carbon credit standards across the EU to ensure high quality and integrity. This includes requirements for additionality, permanence, avoidance of double counting, and accurate accounting, standardizing the credibility of carbon credits. 🔹 Carbon credits must be verifiable by independent third parties, with project reports and verification details publicly available. This ensures transparency, accountability, and adherence to high-quality standards. 🔹 Companies must provide comprehensive information about the type and quantity of carbon credits, distinguishing between contribution claims (supporting climate action) and offset claims (balancing emissions). Offset claims require proof of a net-zero target, proof of progress towards decarbonization, and the percentage of emissions offset." We believe the new regulatory framework is a positive step towards transparency, but the balance between strong consumer protection and achievable compliance for businesses is key to watch during the negotiations of the different positions adopted by the European Parliament and the Council. Find out more via ESG Today: https://lnkd.in/e9KEZF_a