Castrol is helping to drive a more sustainable future with its recently announced PATH360 strategy.
The strategy set out aims for 2030 to save waste, reduce carbon and improve lives, not just in Australia and New Zealand, but on a global basis.
Castrol became Australia’s pioneer in carbon neutral lubricants in 2016, when the premium Castrol VECTON range of diesel engine oils became the first to be certified as carbon neutral.
In 2021, all Castrol products sold in Australia and New Zealand will commit to carbon neutrality in accordance with PAS 2060.
CASTROL’S 120-YEAR FIGHT AGAINST FRICTION, CORROSION AND WEAR
Close to a quarter of the world’s energy is believed to be lost to friction, corrosion, and wear as per a study by Kenneth Holmberg and Ali Erdemir.
“From Castrol’s earliest days, we have delivered products that help save energy by fighting exactly these problems,” says Jotika Prasad,
Castrol Marketing Director, Australia and New Zealand. Castrol is also supporting new and growing sectors, like renewable energy and e-mobility with products and services. For example, Castrol is the first lubricant supplier in the world to offer PAS 2060-certified carbon neutral lubricants for the wind turbine industry.
REDUCING PRODUCT LIFE-CYCLE CARBON EMISSIONS
As well as significantly increasing its carbon neutral offers to Australian customers, Castrol is aiming to halve its own global use of virgin plastic packaging from its 2019 baseline. The PATH360 strategy is based on circular thinking, which means the company is looking at the life-cycle of its existing and new products, to see how they can be improved, extended, reused, or recycled.
“Customers in the mining and CVO sectors are especially committed to reducing their carbon emissions,” said Jane Carland, General Manager Castrol Australia and New Zealand, “and we plan to be an important partner in helping them achieve their goals and our target is to halve the net carbon intensity of our products by 2030.”
For example, three of Castrol’s plants globally moved to renewable electricity in 2020. At the same time, the company has developed new lightweight bottle designs which use less plastic, saving on a global basis 7000 tonnes per year by 2023.
CARBON NEUTRAL PROJECTS
To help fulfil its carbon neutral program, Castrol works with bp Target Neutral who purchase carbon carbon credits that support a portfolio of carbon reduction, avoidance, and removal projects around the world.
These include support for projects such as the Zhaoyuan Zhangxing wind energy scheme in China, which mitigates more than 180,000 tonnes of carbon dioxide each year by replacing fossil fuel power.
Another such project has supported investment in solar energy in India, through a large-scale project that helps provide reliable and cost-effective off-grid electricity for families and business.
To date, 60,000 solar units have been distributed.
BUILDING ON ACHIEVEMENTS
Castrol’s Senior Vice President, Mandhir Singh, said: “PATH360 builds upon work we’ve been doing for years, pulling it all together into one integrated sustainability program. We know that many of our customers are looking for more sustainable offers and help with their sustainability goals, and this is what this program is designed to deliver.”