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PETRONAS has been making ways to reduce greenhouse gas [GHG] emissions from its hydrocarbon resources, guided by aspirations to drag this down to net zero carbon emissions by 2050.
Lowe’s Company announced its goal to reach net-zero emissions across the company’s scope 1, 2, and 3 greenhouse gas emissions by 2050, in accordance with guidelines from the Science Based Targets Initiative, a global body that allows businesses to set emissions reduction targets in line with climate science.
Last Thursday, Wintershall Dea, a German oil and gas producer, said it was teaming up with other companies to expand carbon capture and storage activities around a hub near Hirtshals on Denmark’s northern North Sea coast, according to the report.
Etihad Airways has won the "Environmental Sustainability Innovation of the Year" award at CAPA’s annual Environmental Sustainability Awards for Excellence in Singapore, as well as the "Best Airline for Sustainability 2022" award by Business Traveler USA, according to media reports.
The green hydrogen project in Egypt is set to be launched in 2027, and Fortescue Future Industries (FFI) expects to begin production by 2030.
Amin Nasser, CEO of Saudi Arabian Oil Co., recently made these remarks at the Gulf Petrochemicals and Chemicals Association Forum in Riyad: "Global energy transition will not happen without a corresponding material transition. We need to use more durable and sustainable materials to ensure an environmentally friendly future."
The first edition of Sustainability Forum Middle East will take place in Bahrain on January 12 and will focus on "Business Transition to Net-Zero - the Path Towards a Successful Low-Carbon Future." Yesterday, National Bank of Bahrain (NBB) was named as the "Knowledge Partner" for this event.
Agreements have been struck to perform a feasibility study for the development and delivery of green fuel in Oman by the Alternative Energy (AE) business unit of OQ, a globally integrated energy firm.
The board of directors at Abu Dhabi National Oil Company (ADNOC) has mandated a low-carbon growth strategy, and the company is moving quickly to put it into action by creating a new low-carbon solutions and international growth vertical that will concentrate on renewable energy, clean hydrogen, carbon capture and storage, and international expansion in gas, LNG, and chemicals. Musabbeh Al Kaabi will be leading the new division as its executive director.
The aviation industry aims to achieve net-zero carbon emissions by 2050, and SAF, made from sustainable feedstocks like cooking oil and green hydrogen, is a crucial part of this effort.