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Circular Economy Achievements
Jan 1, 2024
We achieved the following results in Circular Economy:
Skills improvement and knowledge generated
Number of employees who assisted to different courses related with Circular Economy:
|
Level |
2023 |
2022 |
2021 |
|
Basic |
2.957 |
4.194 |
1.296 |
|
Intermediate |
609 |
153 |
121 |
|
Advance |
36 |
33 |
N.A. |
Circularity in the supply chain
Strategies design with suppliers which guarantied the Circular Economy implementation has resulted in the following results:
|
Iniciative |
Circularity in the supply chain 2022 |
|
|
Natural resources Management |
Materials and wastes: 34,176,254 kg of waste was recovered, representing an income of $47.6 Billion COP, of which 94% correspond to ferrous waste. This means an increase of 9% compared to 2021. Of these ferrous waste 173,462 Kg were transformed into 348 racks and 8 cantilever, with a 100% circularity indicator and avoiding $401 million in total costs. Also, 3.5 billion of costs was avoided by selling waste from decommissioning structures. Through the repurchase process of turbo machinery equipment with manufacturers, 1 unit was sold for remanufacturing, obtaining $3 Billion COP and extending its life expand. In the food service we were able to achieve a circularity indicator of 72%, an increase of 3% compared to 2021, this was accomplished by purchasing green seal products and using the food service waste for composting purposes. Water: In 2022 Ecopetrol decreased 13,6% of water withdrawal for not industrial facilities. |
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Decarbonization |
76,829 tons of CO2 were reduced in the supply and services chain, of which 56% corresponded to mitigation levers managed with allies. This was accomplished by focusing on energy efficiency, the implementation of low-emission vehicles in the operation and circular initiatives. The remaining 44% corresponded to offsetting emissions through the acquisition of carbon credits by allies, mainly in projects associated with Natural Climate Solutions that provide social co-benefits for the country. |
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Iniciative |
Circularity in the supply chain 2021 |
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Materials showcase and loans |
Platform where materials that are no longer required by Ecopetro are published with free access for Cenit, Hocol, Esenttia, and Ocensa. Actually, there is 31.269 materials in stock. |
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Buy Back |
Model for buying materials in which any material that will be bought needs to have a rebuy offer when it finished its life cycle. This results in minimal waste generation and extra dividends for the company . During 2018-2021 period, buy back incomes were $6.9 mM COP. |
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Chemical Leasing |
On September 15, UNIDO (United Nations Industrial Development Organization) recognized Ecopetrol as a leading company in the implementation of a model, which consists of moving from purchasing chemical products to buying them as services. This recognition was achieved by presenting the financial and environmental benefits of catalyst contracting strategies at the Cartagena Refinery. Also, the achievements were obtained after the chemical treatment in Cartagena refinery was shown and the Apiay’s operations management were presented. |
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Wastes reincorporation in the infrastructure field |
First contractual model for ferrous waste to be used by a third party as raw material for infrastructure purposes at Ecopetrol S.A. warehouses. |
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Green Clauses |
27 actual clauses that include environmental criteria for allies’ selection in strategic areas like engineering, O&M and chemical treatments process in the refineries. |
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Circular initiatives in the feeding area |
Food pre-treatment wastes obtained in restaurants were used for composting purposes, vermiculture, analytical production forecast, etc. These initiatives achieve 83% of wastes reuse in the whole operation in Colombia. |
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Circular initiatives bank
To date, Ecopetrol has more than 300 circular initiatives, of which 97 are implemented and 99 are being executed.
Maturity level in Circular Economy
Since 2021, Ecopetrol began the implementation of the Colombia Technical Guide (GTC) 314:2020 to measure progress in circularity within the company.
The results in 2021 and 2022 indicated that the company is committed to managing the Circular Economy (CE).
In 2023, Ecopetrol made the decision to review the maturity level measurement methodology to be applied from 2024.
|
Vice-presidency |
Indicator |
2021 |
2022 |
2023 |
|
Supply |
Materials circularity in the catering contarct |
70% |
72% |
% |
|
Circularity in the transformation of ferrous waste |
50% |
100% |
% |
|
|
Water Withdrawal Reduction |
N.A. |
13.6% |
% |
|
|
Projects and Development |
Water from alternative sources for industrial use |
N.A. |
22.5% |
42% |
|
Recirculated water vs EDP water requirement |
N.A. |
50.9% |
43% |
|
|
Reduction of Fresh Water Withdrawal |
N.A. |
57.2% |
67% |
|
|
Use of Pareto material in the operation |
N.A. |
60.3% |
47.12% |
More information:
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