Operator
Ladies and gentlemen, thank you for standing by. Welcome to the Schlumberger Earnings Conference Call. [Operator Instructions]
I would now like to turn the conference over to the Vice President of Investor Relations, ND Maduemezia. Please go ahead.
Ndubuisi Maduemezia
Vice President of Investor Relations
Thank you, Lia. Good morning and welcome to the Schlumberger Limited first quarter 2021 earnings conference call. Today s call is being hosted from Houston, following the Schlumberger Limited Board meeting held earlier this week. Joining us on the call are Olivier Le Peuch, Chief Executive Officer; and Stephane Biguet, Chief Financial Officer.
Before we begin, I would like to remind all participants that some of the statements we will be making today are forward-looking. These matters involve risks and uncertainties that could cause our results to differ materially, from those projected, in these statements. I therefore refer you to our latest 10-K filing and our ot
Schlumberger Limited (SLB) Q1 2021 Earnings Call Transcript
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Schlumberger New Energy to build direct lithium extraction pilot plant at Clayton Valley project
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The collaboration represents another example of how firms involved in energy intensive processes are trying to find ways to maintain productivity whilst simultaneously reducing emissions.
In a statement last week, Swansea University said the green hydrogen unit which is housed inside a converted shipping container had been installed at Hanson UK s Regen GGBS plant in the town of Port Talbot, south Wales.
The term GGBS refers to ground granulated blast furnace slag, which can be used instead of cement when producing concrete.
The effect of cement production on the environment is considerable. According to a 2018 report from U.K. think tank Chatham House, over 4 billion metric tons of cement are produced annually. This, the policy institute said, amounted to roughly 8% of global CO2 emissions.