How the product is produced, the energy it takes to produce and deliver it to final consumption / disposal will continue to matter more and more in
today’s sustainability-minded marketplace. That is why Life Cycle Analysis and P6 go hand and hand with best-in-class engineering teams. Understanding the ins and outs, the math per se, and oftentimes complex calculations behind measuring carbon intensity is critical for today’s engineer. How the product is produced and the energy it takes to produce it will continue to matter more and more in today’s sustainability-minded environment.
As a customer, your company has set a Net Zero target. Your investors are demanding an ESG report, and your customers want accurate carbon footprint data for your products. Your operations use energy such as transportation fuels, electricity, and natural gas – all of which add to the carbon intensity of your products. To date, your suppliers have not been able to provide accurate information on the carbon intensity of their products, which are the inputs to your products. P6 software provides fast an accurate life cycle assessments for your products, at the same time coordinate with your suppliers to provide up-to-date carbon intensity information on their products. Determining carbon intensity has never been faster, more accurate and more repeatable. Using a simple login, a customer can see all of its suppliers who leverage P6 for tracking and reporting carbon intensity, and the source of each suppliers’ carbon intensity data.
Investment decisions are now being measured against the Carbon Intensity of a project. Under intense deadlines, obtaining a life cycle analysis could take weeks if not months. A key input for investment decisions regarding new and existing fuels/petrochemical projects are the Carbon Intensity of a project and the products it will produce. Now with P6, getting an LCA completed quickly and accurately is better than ever. If help is needed, leverage P6 network of LCA consultants to help get the job done quicker. Furthermore, P6 makes the LCA analysis repeatable as the project progresses through its approval and execution phases, and eventually comes online. P6 can also help you produce repeatable results in a more efficient manner. For example, as your company continues to optimize its operations for lower carbon results, and selects lower carbon inputs for its products, P6 enables repeatable LCA results as often as you like. That way, your executives, your customers and your investors are working with the most up-to-date CI information as possible. This gives your company credit for the efforts it has undertaken to lower its products’ carbon footprint, thus continuing to improve the returns on your investment over time. Given the inputs such as energy, materials, transpiration – lower carbon emissions = lower operational costs.
Day in and day out, operations keep’s the production of a fuel or petrochemical facility up and running. They are the lifeblood of the operation. As the team wants to make improvements to the process, investments are more often than not now getting scrutinized on their impact to the company’s sustainability goals. The carbon intensity of the process is also directly tied to the core costs of the business, the inputs and energy usage. Managing these better drives down the operational costs of the business. A win-win for both operations and the company’s sustainability goals.
In conversations with your customers, sustainability is coming up more often. Your company has invested but responding to customers’ requests has not been easy. That is where the P6 solution comes in making it easy to perform a life cycle analysis and report on the carbon intensity of your product. In the future, suppliers may lose business opportunities if they cannot provide the carbon intensity of the products they produce.
Focusing on your most carbon-intensive purchases is a good place to start on your journey towards becoming a world-class sustainable procurement organization. Your most carbon intensive purchases are from fossil-fuel based products. Energy, fuels, petrochemical based products are the source. Leveraging P6, your suppliers can more accurately and easily report on the carbon intensity of their products. Not only during the procurement cycle, but on an ongoing basis working with existing suppliers leveraging P6’s easy to use Carbon Intensity tools for making ongoing improvements.
You have been performing Life Cycle Analysis for customers but are struggling to keep up with demand. Your company needs a more scalable approach, but with the flexibility to work as you always have. That is where P6 comes in, a guided step by step process to perform an LCA. This helps speed up the process but also provides a more explainable deliverable to your customers. The ultimate leave behind, a software tool that reports and measures carbon intensity on an ongoing basis, so you and your team can focus on the value-added work of helping customer improve their business.