ESG ENVIRONMENT, SOCIAL AND GOVERNANCE REPORTING

For PureteQ Group, ESG is setting the framework for the way we act towards our employees, customers, suppliers, and other collaborators and stakeholders, and not least for our commitment to combating climate change

In our day-to-day operation, PureteQ Group focuses on being a socially responsible and sustainable workplace. To reduce our carbon footprint we are investing in energy efficiency in our buildings and facilities.

Our employees are the company’s most important resource, which is why we highly value their well-being and job satisfaction, and do our utmost to foster a healthy and good working environment.

ENVIRONMENT, CLIMATE, SUSTAINABILITY

PureteQ Group are aware of the social and monetary challenges caused by human induced climate change and consequent global warming. It is part of our DNA to incorporate the lowest possible energy consumption into our designs and products.

We invest most of our earnings in the development of Power-to-X and carbon capture technologies.

Our objective is to provide sustainable technologies to reduce the emission of greenhouse gases. Our technologies are designed to produce the main components for future green fuels such as hydrogen and CO2

Climate Change

According to the International Panel of Climate Change (IPCC) the world will not only need to reach net zero emmisions by 2050, but has to become ‘carbon negative’ i.e. remove CO2 from the atmosphere. Carbon capture and storage technologies are a prerequisite for suceeding with this.

Even with a complete transition to renewable energy, we will continue to depend on steel, cement, medicine, paper and other welfare goods the production of which all rely on processes emitting a noticable amount of CO2

All in all, we must be more energy efficient in every way possible because energy is a scarce resource - the best ton of fuel is the ton not consumed.

Reutilization Of Co

2

In PureteQ Group we believe in the reutilization of CO2 to minimize the consumption of fossil fuels.

With the UN Sustainable Development Goals as a starting point, PureteQ Group is committed to taking part in the green transition

Along with the ongoing expansion of green energy sources, such as windmills, solar power and nuclear energy, traditional sources of fossil fuels will still be in demand in combination with the abatement technologies.

A special focus on reducing CO2 emission from exhaust gas, as well as using Carbon Capture & Storage (CCS) technologies, is necessary.

CCS plays an important role in achieving climate objectives, as the CCS technology contributes to reducing emissions that are difficult to reduce by other means.

Millions of tons CO2 must be captured and stored/reutilized each year to mitigate further climate changes. This requires substantial investments in infrastructure, piping, wells, pumps, and land-based facilities.

Experts claim that up to 17% of the captured CO2 may be reutilized in the production of new fuels and for other industrial purposes.

ESTECH’s CAPPOW technology that enables carbon capture and production of green hydrogen in one and the same process is unique in its approach as it reduces the total energy consumption considerably compared with two individual processes.