By the end of 2023, 3M plans to install
state-of-the-art water purification system at all its largest water-using
facilities and make them operational by 2024.
United States. Long-standing
supporter and promoter of conservation efforts globally, 3M has announced to
invest USD 1 billion over the next 20 years to achieve eco-friendly goals like
achieving carbon neutrality by 2050, reducing water consumption by 25% at its
facilities, and return high quality water to the environment after usage in
industrial operations. The objectives of the long-term investment plan of the
organization include waste reduction, pollution control, water usage reduction,
and acquire the best available technology to continuously improve its
manufacturing operation and create a sustainable environment.
Collaborating
with customers, governments, and global partners to cut down carbon emissions
and water use through its continued invention and introduction of innovative
products and solutions. Leveraging science and technological expertise, 3M is
planning to reduce carbon emissions, aiming for a 50% reduction by 2030, an 80%
reduction by 2040, and 100% reduction by 2050 in its operations. Moreover, 3M
is expected to take drastic actions to drive reduction in water usage in coming
months and over the long-term, aiming for 10% reduction in water usage by 2022,
a 20% reduction by 2025, and a 25% reduction by 2030. Through its initiatives,
the company plans to return even high quality of water to the environment,
removing impurities and toxins from the water it uses for the manufacturing
operations. The new commitments add to the company’s existing 2025 goals of
engaging with water-stressed and scarce communities to encourage community-wide
approaches to water management.
3M has
moved to the forefront of global sustainability efforts by announcing complete
detailed plan to reduce the water utilization and net zero emissions by 2050. The
science-based approach in 3M’s goals would improve the company’s own footprint
and position them uniquely to gain benefit from the global transformation
towards a net-zero world.
Announcing
the eco-friendly initiatives, 3M Chairman and Chief Executive Officer said, “We are taking action now to bend the curve on carbon
emissions and water use and improve water quality. Our investments will make us
more effective and efficient and drive growth. Today's announcements
demonstrate again how 3M applies science to
improve lives to help shape the world through cleaner air, better water
quality, and less waste.” He further added, “We are proactively reviewing our
manufacturing facilities, going plant by plant to make investments and updates
that will go beyond what is required, and at the same time further improve our
operations. We are applying 3M technologies
at a broad scale, which allows us to do more to reduce, restore and reuse the
water in our manufacturing processes. We are offering our experience and
expertise to communities so we can help others achieve better water
quality."
TechSci Research said, “As the demand for water is increasing
and the world is facing catastrophic shortages, the sustainability of water
resources is becoming a critical public issue. Maximising the lifetime of
components and reliability of the water purification system can lead to lower
carbon footprint and reduced environmental impact. The choice of technology can
have a significant impact on water and power usage throughout the lifetime of
water purification system. The advancement in technology would further drive
the market growth of POE water purifier in the coming years.”
According to TechSci research report on “ASEAN Water Purifier
Market By Product Type (Under Sink, Counter Top,
Faucet Mount & Others {Tankless, Smart Purifiers etc.}), By Sales Channel
(Retail, Distributor and Others), By Country (Indonesia, Vietnam, Philippines,
Singapore, Myanmar, Cambodia), Competition, Forecast & Opportunities, 2026”, ASEAN water purifier market was valued USD 749.84
Million in 2019 and is expected to grow at CAGR of 9.71% during the forecast
period. Rapid urbanization, favourable government regulations for safe and
portable water and growing industrial developments is expected to drive growth
in ASEAN water purifiers market. Furthermore, rising number of waterborne
disease and health disorders due to increasing levels of pollutants in
groundwater and rivers, increasing level of contaminants in water such as
suspended solids, toxins, harmful gases & chemicals coupled with depleting
natural water resources is anticipated to fuel the water purifiers market in
the region.
According to TechSci
research report on “Global Water
Purifiers Market By Technology (Membrane, Media & UV), By Region
(Asia-Pacific, North America, Europe, Middle East & Africa and South
America), Competition, Forecast & Opportunities, 2015 – 2026”, Global water
purifiers market valued at USD 41.22 billion in 2019 and is projected to grow
at a CAGR of 8.06% during 2020-2026 and reach a market value of USD 68.09
Billion by 2026. The rapid growth can be accounted to rapid industrialization,
personal disposable income, and rising awareness about waterborne diseases.
Moreover, continuous industrial expansion and unmonitored wastewater discharged
into the water resources is deteriorating the quality of water, and leading to
health concerns among consumers, which has increased the demand for water
purifiers during the forecast period.