Aramco releases new sustainability report
- 16/06/2022
The Saudi Arabian Oil Company (Aramco) has published its first sustainability report, which outlines ways in which the company plans to further tackle emissions while delivering reliable, affordable energy solutions.
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.
Source: hydrocrbonengineering.com
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