Aramco releases new sustainability report

The report, which the company expects to update on an annual basis, provides further information on Aramco’s efforts to support the broader energy transition, with a set of interim targets the company aims to achieve by 2035. The report’s release follows the company’s announcement of its ambition to achieve net zero Scope 1 and Scope 2 greenhouse gas (GHG) emissions across its wholly-owned operated assets by 2050.

By 2035 Aramco aims to reduce its upstream carbon intensity, already one of the lowest in the industry, by 15% to 8.7 kg of CO₂e/boe, against a 2018 baseline of 10.2 kg CO₂e/boe.

The company also aims to reduce or mitigate net Scope 1 and Scope 2 GHG emissions across its wholly-owned operated assets, both in its upstream and downstream segments, by more than 50 million t of CO₂e/yr by 2035, when compared to the business-as-usual forecast.

See more here.

Source: hydrocrbonengineering.com