EMBRACING SUSTAINABILITY AND REDUCING CO2 EMISSIONS FROM LIQUID FOSSIL FUELS WHICH HELPS CLIMATE FINANCING AND DEBT MANAGEMENT

By Shantha Narangoda

In the face of pressing environmental challenges, industries worldwide are re-evaluating their value chains and practices to align with a more sustainable and responsible future. Both SCOPE emissions and environmental, social, and governance (ESG) reporting will impact Sri Lanka. In manufacturing, our overseas partners will weigh the cost of business in terms of CO2, energy used. Even hospitality will be under the microscope - if not from travel operators, social media will shine a spotlight.

Talking about CO2 or other gases is meaningless to most of the public. It’s not helpful that you can’t see it. On the other hand, black smoke is obvious, and rupees are going out through the exhaust. There are also numerous learned articles stating that industries, thermal power plants and automobiles are the culprits in Sri Lanka. Our enzymatic process involves the breaking of chemical bonds within the hydrocarbon molecule, leading to the creation of smaller oxygenated fragments that enhance combustion efficiency. The picture will enlighten and give a better idea.

Additionally, other enzymes in the product work in synergy to regulate microbial proliferation within fuels, specially sitting (Stored) fuel in industries.

As users of fuel we need to acknowledge the need for change; a comprehensive strategy is essential to achieve real and meaningful results. Increasing energy efficiency can be cost positive, as many of our local clients will attest too. The excuse that there is no money, needs to be balanced by the cost of money attributed to the inefficient use of energy. A start can be made and has no Capital investment and no payback period involved. The returns on investment will be from the second fill.

We have demonstrated over the last 23 years that it is possible to reduce a wide range of anthropogenic emissions associated with combustion of liquid fossil fuels with most of the leading Industries and Motorist in Sri Lanka. In doing so, we have enabled companies and the environment to prosper.

So, our challenge is specific. How can we help make a start to reduce CO2 emissions?

Simply put; We can help implement strategies to reduce CO2 emissions stemming from the use of liquid fossil fuels, with a target of 5% ~ 12% reduction by applying with all fuels. These may be in SCOPE 1, 2 and or 3 covering carbon emission from stationary fuel combustion sources, such as; backup power generation, boilers, etc. and transportation fuels.

This target may seem ambitious, but it is precisely this kind of ambition that our planet needs to avert the worst impacts of climate change. Advanced technologies like carbon capture and storage, or hydrogen are for the future. By promoting energy-efficient practices, we can drive down emissions significantly, today and tomorrow.

We recognize that the challenge of emissions reduction is one that transcends individual organizations. By partnering with industry, research institutions, and governmental bodies, we can pool our collective resources to accelerate the development and adoption of cleaner energy technologies, even perhaps locally produced drop in lower carbon fuels. Together, we can push the boundaries of innovation and drive systemic change.

Remember we are not the only breathing entity. Together, we can turn ambition into action with genuine commitment with a result-oriented product in hand already.

The writer is Managing Director at Sol 4 (Pvt) Ltd