Qatar Petroleum aims to create low carbon energy by growing renewable energy capacity, ie solar projects, by 2-4 gigawatts (GW) by 2030, QP has said in its new Sustainability Report.
Highlighting its commitment to climate mitigation, QP said it is the main engine for growth and prosperity in Qatar, taking an active role in safeguarding its unique environment and contributing to preserving the planet thereby working alongside all players in the energy sector both in Qatar and internationally, to fast track decarbonisation of the sector to meet Paris Agreement goals.
“Our strategy embraces the transition towards a low carbon industrial landscape and is intended to be flexible and resilient to change. It is designed to grow the energy supply while helping to meet the dual challenge of achieving low carbon operations.
“This reflects our alignment with the climate targets established by the Paris Agreement, which urges the world to mitigate greenhouse gas (GHG) emissions while alleviating poverty rapidly,” QP said in its the report.
Since the launch of its environmental initiatives nearly a decade ago, QP has achieved real momentum across its facilities and those of its affiliates to reduce their carbon footprint.
“We are continually striving to set ambitious targets, aim to reduce emissions in all our operations and produce clean fuels. To mitigate GHG emissions from our operations (including our equity partnerships), we focus on increasing energy efficiency and reducing flaring, venting, and other emissions sources. our
“Our sustainability journey traces back more than a decade with many success stories, and is capturing those significant trends that are expected to curb the emissions effectively. We deploy proven technologies, including CCS, and support innovation to leverage technological breakthroughs in the sustainability space.
“We are furthering the reach of these programmes beyond the upstream sector and have a clear rollout plan to the downstream sector and other fully owned and operated facilities. In addition, we have firm commitments towards carbon sequestration and renewables (ie solar energy) over the next few years.”
To ensure a competitive and resilient business model within the energy transformation, and to contribute to the dual societal challenge of providing energy with less emissions, QP’s climate action is tackled under its ‘4C: Consolidate, Curb, Create, Compensate’ framework, referred to as climate roadmap.
It reflects QP’s focus on reducing GHG emissions in its operations (including equity partnerships), improving its products to help its customers lower their emissions, and creating low carbon businesses that support the energy transition.
QP’s climate roadmap sets out new short-, mid- and long-term ambitions to reduce its own GHG emissions and shape its portfolio to be more sustainable.
The 4C climate framework will lead to a net carbon intensity reduction of 15% from upstream (baseline year 2013) and about 25% from LNG facilities by 2030 (baseline year 2013), including direct and indirect emissions.
“Our ambitions of 0.2 wt.% methane intensity target by 2025 and zero routine flaring by 2030 will be achieved as well. By 2030, our portfolio will be over 90% gas-based and we plan to add two to four GW of renewables,” QP said in its Sustainability Report.
Last updated: January 14 2021 06:54 PM