For instance, the company is tactically leveraging its enterprise spend for drill pipe across the company. It is seeing approximately 35% reduction in costs through this initiative. Also, the company is seeing efficiency improvements through the deployment of innovative drilling and completions technology such as the single-trip multizone frac pack. This technology has enabled the company to significantly reduce its drilling days by over 25% in the past couple of years in Gulf of Mexico. Also, CVX has reduced its drilling cycle time from spud to rig release by 55% within its Permian horizontal drilling program.
The project life span was found that it would reduces 450 000 tons of carbon dioxide per annum over a 10 year period. The project is a waste management project. Exxaro has another waste management project which was approved and registered in 2012. The projects objective is to use furnace off-gas from the closed ferrochrome furnaces to generate electricity. The electricity will be used by Samancor Chrome and will reduce the demand for Eskom generated electricity.
As the responses towards the issue of global warming, Toyota became the first automobile company produce a fully hybrid vehicle which is Toyota Prius in 1997. Prius hybrid model uses internal combustion engine and electric motor as its power sources lead it better fuel-efficient and reduce greenhouse gases. Since demand of petroleum fuels increase lead to petroleum become scarcity, eco-friendly vehicles become one of the choice for consumer in the market. In 2010, Toyota Prius sold more than 2 million automobiles and became the most successful hybrid automobile in history (7). According to the report, the worldwide sales of Toyota hybrid automobile estimated reduce approximately 30 million fewer tonners of carbon dioxide and save approximately 11 billion litres of petrol to solve the shortage of petroleum and fossil fuel
It included Development of new automobiles and markets, Improving Nissan’s brand image, Reinvestment in R&D and Cost reduction. The successful implementation of NRP resulted in its achievement one year ahead of schedule. There was 20% reduction in costs; reduction of 21000 jobs and the number of plants were reduced to 4 from 7, producing automobiles based on 15 platforms then 24 platforms. The execution of NRP was swift, relentless and without compromises. The Hoefstede Dimensional Theory’s correlation with the practices employed by Carlos Ghosn at Nissan The first dimension, the Power Distance measures the vertical and horizontal distance between individuals in a hierarchy.
These actions are taken to reduce the plant’s CO’2 emissions by 35% Toyota realizes that its industries can pollute the environment. The company regularly checks its industries for noise and air pollutants. Toyota installed sound-insulating walls in Kyowa’s plant because the noise level had exceeded. Toyota achieved their target of eco-efficiency of being 16% green in 2005 (Mike, 2011). 2.5.3 Ethical
The successful reduction of federal budget deficit encouraged wall street which allowed the creation of 22 million jobs ( the highest number ever under a single administration) and reduced the unemployment rate from 7.3% on January 20, 1993 to 4.2 on January20,2001 (Appendix B), which explain the decrease of the poverty rate. He also maintained a GDP average growth rate of 3.8 which could be considered as a good result, comparing to the precedent presidents after the Second World War only 3 of them performed better than him. We can mention Truman (4.8), Kennedy (5.2) and Johnson (5.1). Plus, Federal spending decreased from 22.2 percent of GDP in 1992 to 18.4 percent in 2000. According to the Washington Post the inflation rate was stable during bill Clinton presidency.
The costs of disposal of hazardous materials and to remain within legal requirements and levels usually exceed the price of the raw materials as input. So, the application of principle 1 makes green chemistry adoption a better investment than waste treatment activities. 2002 award was given to Pfizer for Alternative Synthetic Pathway for Sertraline, the active ingredient in Zoloft1®, the world’s most widely prescribed antidepressant. Eliminating approximately 700 metric tons of waste per year that were not incorporated into the final product. , [21,
By having introduced the basic tools to the firm initially this transition is made easier at each stage. In the absence of a business assessment system, the firm entices the risk of becoming uncompetitive. An example of the benefits of using tools is Largo Foods which had a labour costs reduction of 60 cents per kilo in the first quarter of 2008 to 48 cents in the fourth quarter of 2008. The annual labour savings were in the order of €800,000 as a result of using Lean and it’s tools. In a testimony the Executive Chairman in January and March 2009 said that had Largo not started using Lean business approach and its tools in 2006, they would not have survived
Gammon have succeeded at growing recycling and reusing water in the construction activities from 29% in 2010 to 71% in 2011 (Gammon Construction Limited, 2012). The water intensity has also decreased from 88.7 to 80.9 cubic meters per HK$1 million from 2010 to 2011 (Gammon Construction Limited, 2013). The water recycling rate in the foundation works has dramatically increased from 6% to 95% between 2009 and 2011 (Gammon Construction Limited, 2011). The company will continual develop and implement practices to reduce the consumption of water without influencing the quality of the construction projects. Gammon strives to reduce environmental impacts of the construction activities, especially the construction sites are located in the areas of ecological interest.
Transport fuel and renewable energy The US is relying on biofuel to reduce its dependence on oil since 2006, and it contributed significantly to reduce the oil consumption. According to data collected 93 billion liters of biofuel is produced in total in the year of 2009. This amount of biofuel displaced the 68 billion of gasoline in total gasoline consumption in the same year. That counted 5% of the total gasoline production in the world. According to Global Public Opinion Survey, there is significant support in the utilization of renewable resources, and also in the development of their required utilities.