Climate Change Data

Cinis Fertilizer AB

Climate Impact & Sustainability Data (2023, 2024-01 to 2024-03)

Reporting Period: 2023

Environmental Metrics

Renewable Energy Share:100% (for Örnsköldsvik facility)

ESG Focus Areas

  • Climate Change
  • Circular Economy
  • Sustainable Agriculture

Environmental Achievements

  • Connected the Örnsköldsvik facility to the electricity grid with access to fossil-free electricity.
  • Developed a patent-protected technology that uses half as much energy as today's production methods and results in a fertilizer with a near-zero carbon footprint.

Social Achievements

  • Completed the recruitment of around thirty employees for the production facility in Örnsköldsvik, Sweden.
  • Signed a letter of intent with Itochu Corporation to explore operations in Asia.

Governance Achievements

  • The Board of Directors proposes that no dividend payment be made for 2023, prioritizing reinvestment in the business.

Climate Goals & Targets

Long-term Goals:
  • Reach annual installed production capacity and production volume of potassium sulfate totaling 1.5 million tons by the end of 2030 (through six production facilities).
Medium-term Goals:
  • Commissioning of the Hopkinsville, Kentucky facility by the end of 2025.
  • Commissioning of the Skellefteå facility by the end of 2026.
  • Construction of three more production facilities between 2026 and 2030.
Short-term Goals:
  • Commissioning of the Örnsköldsvik production facility by the end of March 2024.
  • Start of production in Örnsköldsvik a few weeks after commissioning.

Environmental Challenges

  • Production delays from Northvolt affecting sodium sulfate deliveries.
  • Increased costs for purchasing inputs due to delays in sodium sulfate deliveries.
Mitigation Strategies
  • Signed agreements with additional suppliers to secure sodium sulfate supplies.
  • Phased out raw material flows from foreign suppliers in line with increasing deliveries of sodium sulfate as a residual product.

Supply Chain Management

Responsible Procurement
  • Long-term supply agreements with Northvolt, BASF, and Ascend Elements for sodium sulfate.

Climate-Related Risks & Opportunities

Opportunities
  • The green transition creating a market for Cinis Fertilizer's environmentally friendly potassium sulfate.

Reporting Standards

Frameworks Used: IFRS

UN Sustainable Development Goals

  • Goal 7 (Affordable and Clean Energy)
  • Goal 13 (Climate Action)
  • Goal 2 (Zero Hunger)

Cinis Fertilizer's production process reduces energy consumption and greenhouse gas emissions, contributing to sustainable agriculture and food security.

Sustainable Products & Innovation

  • Environmentally friendly potassium sulfate

Reporting Period: 2024-01 to 2024-03

Environmental Metrics

Total Carbon Emissions:Not disclosed
Scope 1 Emissions:Not disclosed
Scope 2 Emissions:Not disclosed
Scope 3 Emissions:Not disclosed
Renewable Energy Share:Not disclosed
Total Energy Consumption:Not disclosed
Water Consumption:Not disclosed
Waste Generated:Not disclosed
Carbon Intensity:Not disclosed

ESG Focus Areas

  • Climate Change
  • Circular Economy
  • Sustainable Agriculture

Environmental Achievements

  • Started up production of potassium sulfate using a fossil-free production method with low carbon footprint, utilizing industrial waste products.

Social Achievements

  • Hired all employees required to run the Örnsköldsvik business.

Governance Achievements

  • Not disclosed

Climate Goals & Targets

Long-term Goals:
  • Not disclosed
Medium-term Goals:
  • Reach annual installed production capacity and production volume of potassium sulfate totaling 1.5 million metric tons by the end of 2030 by building six production facilities.
Short-term Goals:
  • Not disclosed

Environmental Challenges

  • Production delays at a collaboration partner affecting the proportion of residual flows into the production process.
Mitigation Strategies
  • Purchasing produced sodium sulfate from other established suppliers to supplement residual streams and ensure production volumes. Working to reduce effects on the current year and improve circularity and cost efficiency for 2025.

Supply Chain Management

Supplier Audits: Not disclosed

Responsible Procurement
  • Long-term supply agreements with battery manufacturers and other suppliers of sodium sulfate and potassium chloride.

Climate-Related Risks & Opportunities

Physical Risks
  • Not disclosed
Transition Risks
  • Not disclosed
Opportunities
  • Not disclosed

Reporting Standards

Frameworks Used: Null

Certifications: Null

Third-party Assurance: Not disclosed

UN Sustainable Development Goals

  • Goal 7 (Affordable and Clean Energy)
  • Goal 9 (Industry, Innovation and Infrastructure)
  • Goal 12 (Responsible Consumption and Production)
  • Goal 13 (Climate Action)
  • Goal 2 (Zero Hunger)

Cinis Fertilizer's production of green mineral fertilizer contributes to these goals through its fossil-free production method, use of industrial waste, and reduction of agricultural emissions.

Sustainable Products & Innovation

  • Environmentally friendly potassium sulfate with a low carbon footprint.

Awards & Recognition

  • Not disclosed