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McDermott's Circularity Calculator: A Game-Changer for Sustainable Energy Projects

In an era where sustainability is not just a choice but a necessity, McDermott International has stepped to the forefront by launching its Circularity Calculator. This innovative tool, designed to align perfectly with ISO 59020 standards, is a direct response to the increasing demand for transparent performance measurements in the circular economy, particularly in the energy infrastructure sector.

Developed In-House for Optimal Use

What sets McDermott's Circularity Calculator apart is its conception and development entirely in-house, ensuring that it perfectly meets the specific needs of their projects. This data-driven method aids in assessing circularity from the very design phase all the way through to decommissioning, providing essential lifecycle insights. It quantifies the recyclability and reuse potential of designs, enabling informed decision-making processes regarding material selection.

Aligning with Global Standards

The alignment with ISO 59020 standards is what truly solidifies the credibility of the Circularity Calculator. This independent assurance ensures that the tool meets international standards for circularity measurement, an aspect that is vital for businesses looking to enhance their sustainability credentials. By utilizing this calculator, McDermott provides its clients with traceable data that supports strategic decisions and fosters appropriate reporting.

Enhancing Operational Efficiency and Value

Rachel Clingman, McDermott's Executive Vice President of Sustainability and Governance, emphasized the multiple benefits of integrating circularity strategies into their operations. These strategies not only drive down costs but also foster environmental stewardship and streamline supply chain processes. According to Clingman, "Circularity strategies drive cost, environmental, and supply chain benefits for our projects, operations, and customers."

Following its initial deployment across McDermott's decommissioning portfolio, the Circularity Calculator quantifies the circularity based on real data collected from various materials during their lifecycle, including recycling, reuse, and disposal.

Essential for Future Sustainability

Mahesh Swaminathan, Senior Vice President of Subsea and Floating Facilities at McDermott, shared the vision for this transformative tool. "This tool provides the transparency and data needed to integrate circular resource strategies into subsea and offshore energy infrastructure projects," he stated. By enhancing the operational efficiency and adding value for customers, the Circularity Calculator becomes an essential element in boosting project sustainability.

Getting Started

For those interested in leveraging McDermott's Circularity Calculator to meet their sustainability goals, the company encourages communication with its Sustainability team via their official contact. As projects become more multifaceted and the pressure for sustainability increases, tools like the Circularity Calculator could very well define the future of energy infrastructure and corporate responsibility.

About McDermott

McDermott stands out as a premier, fully-integrated provider of engineering and construction solutions for the energy industry. With a global footprint spanning over 54 countries, the company boasts more than 30,000 employees and a diversified fleet of marine construction vessels and fabrication facilities. Their commitment to merging technological innovation with sustainability is evident in their aim to harness and transform energy resources responsibly, propelling the world towards a sustainable future. For more information, visit McDermott's official website.