Crude Oil ( ) Brent Crude ( ) Natural Gas ( ) S&P 500 ( ) PHLX Oil ( )
 November 19, 2015 - 4:30 AM EST
Print Email Article Font Down Font Up
VALLOUREC: Vallourec, a responsible industrial player, presents its climate policy, which is a key aspect of its Corporate Social Responsibility approach

  Press Release
November 2015

Vallourec, a responsible industrial player, presents its climate policy, which is a key aspect of its Corporate Social Responsibility approach

  • An ambitious carbon policy based on:
    • Eco-solutions linked to the climate in the Group's three markets - Oil and Gas, Power Generation, and Industry - to help customers to reduce their emissions
    • A 2020 energy efficiency plan: the Group is in line with the objective of its GreenHouse program
    • Responsible management of industrial processes: an in-depth study led for the 1st time reveals positive results in terms of emission-capturing in Brazil
  • And which is part of a 5-year roadmap aiming to strengthen the Group's CSR approach

Boulogne-Billancourt, November 19, 2015 - Vallourec, world leader in premium tubular solutions, is committed to countering global warming. The Group is one of the 80 major French companies which have signed the "business proposals" presented as part of the COP21. As an international player in metallurgy and energy, Vallourec takes pride in conducting its activities in a responsible manner. The Group also joined the UN Global Compact in 2010, leading to the creation of its Sustainable Development charter in 2011 setting down 15 commitments and 3 major aspects which are monitored at the highest level of the company.   

An ambitious and balanced carbon policy
Even if the direct emissions generated by Vallourec are moderate (1.2 million metric tons per year), the Group, which provides high technology solutions for the most complex and demanding applications in the energy sector, pursues its virtuous approach by proposing eco-solutions to its customers to allow them to reduce their emissions and also by working to reduce the emissions linked to its own processes. 

Climate solutions: helping customers to reduce their emissions 

Eliminating Greenhouse Gas leaks: VAM®  oil and gas connections
Today, oil and gas operators are seeking maximum security to avoid leaks of hydrocarbons and greenhouse gases. Furthermore, given the increasingly difficult environments such as HP/HT[1] deposits and wells that have been greatly deviated, Vallourec proposes a range of very high performance connections that correspond to these environmental issues. The tightness and mechanical resistance of VAM® connections are equivalent to those of the tubes and avoid the risk of cracking and breaking and therefore leakage of liquid or gaseous hydrocarbons, particularly methane leaks.

Helping to reduce CO2 emissions by ELECTRIC power plants thanks to high performance steels

Vallourec, leader in supplying tubular solutions for power plants, has developed solutions for supercritical and ultra-supercritical (USC) power plants which generate the lowest CO2 emissions compared to the average emissions of thermal power plants around the world. The tubes, offered in a very wide range of sizes and grades of premium steel, are designed to resist the toughest conditions (600°C - 280 bar). They allow an increase in power plant yield (by up to 43% for USC) and reduce their consumption of primary energies, thereby helping to reduce their CO2 emissions by 20%.  


PREON Marine.jpg
PREON® marine, an R&D pilot in offshore wind turbines
Vallourec is investing in renewable energies by developing PREON® marine, a tubular solution to fix offshore wind turbines in shallow waters (< 60 meters) for a new way of producing green electricity.

GreenHouse program: exceeding the 2020 energy efficiency objective
Vallourec is committed to reducing its energy consumption and CO2 emissions via its GreenHouse project. The objective of this program, launched in 2009, is to reduce the Group's consumption of gas and electricity by 20% by 2020 compared to the level in 2008. It is based on different initiatives: sharing good practices in all energy activities, setting up thermal checks and energy audits, and an investment program. In 2014, the Group's energy performance had improved by 15% compared to 2008, so Vallourec should indeed exceed its target of 20% by 2020.

A reduced carbon footprint: Vallourec Florestal captures carbon in Brazil
To find out more about its carbon flows in the long-term, Vallourec has led an in-depth study on the operating conditions in its forest in Brazil: 240,000 hectares of eucalyptus provide coal for the steel mills. At the end of this scientific study conducted under the aegis of the French national forestry office, covering a period of 30 years, and the first of its kind to be conducted by the profession, it can clearly be seen that, thanks to the role of the roots and the earth, the forest-steelworks system captures carbon instead of emitting it, thereby almost halving the Group's total emissions.

 A few key figures:  36% of the total energy consumed by the Group is renewable energy   55% of the steel used by the Group comes from recycled metal    90% of the Group’s transport is by sea, rail or river   93.5% of the Group’s industrial waste is recycled  Safety program: frequency of accidents divided by 7 in 6 years  The Group is in the Euronext and Vigeo indexes  €6.6 million allocated to local communities  21% of managers are women
  A carbon policy which is part of a 5-year roadmap   To continue to progress in its approach, Vallourec pursues its Corporate Social Responsibility commitment thanks to its 2020 strategic plan. This is a roadmap comprising 7 themes:   Strengthen governance;   Set medium-term objectives and publish them;   Include sustainable development issues more in the economic model;    Involve staff more;   Develop the Group’s commitments to society;   Step up the actions in progress;   Obtain formal recognition of the efforts made by the Group.

About Vallourec

Vallourec is a world leader in premium tubular solutions primarily serving the energy markets, as well as other industrial applications.

With over 23,000 employees in 2014, integrated manufacturing facilities, advanced R&D and a presence in more than 20 countries, Vallourec offers its customers innovative global solutions to meet the energy challenges of the 21st century.

Listed on Euronext in Paris (ISIN code: FR0000120354, Ticker VK) and eligible for the Deferred Settlement System (SRD), Vallourec is included in the following indices: Euronext 100 and SBF 120.

In the United States, Vallourec has established a sponsored Level 1 American Depositary Receipt (ADR) program (ISIN code: US92023R2094, Ticker: VLOWY). Parity between ADR and a Vallourec ordinary share has been set at 5:1.
Follow us on Twitter @Vallourec

For any further information, please contact:

Press Relations
Héloïse Rothenbühler
Tel: +33 (0)1 41 03 77 50



[1] High Pressure / High Temperature

This announcement is distributed by NASDAQ OMX Corporate Solutions on behalf of NASDAQ OMX Corporate Solutions clients.
The issuer of this announcement warrants that they are solely responsible for the content, accuracy and originality of the information contained therein.
Source: VALLOUREC via Globenewswire


Source: Thomson Reuters ONE (November 19, 2015 - 4:30 AM EST)

News by QuoteMedia