The IPIECA monthly article round-up showcases recent sustainability-related achievements, projects and news from IPIECA members and organization¬¬s that IPIECA partners with, demonstrating their commitment to advancing environmental and social performance across oil and gas and achieving the UN Sustainable Development Goals. The IPIECA monthly article round-up showcases recent sustainability-related achievements, projects and news from IPIECA members and organizations that IPIECA partners with, demonstrating their commitment to advancing environmental and social performance across oil and gas and achieving the UN Sustainable Development Goals.
Hydrogen makes a prominent appearance in the September edition, with several members demonstrating its potential as a low-carbon energy source, complementing the launch of the new IPIECA briefing on Hydrogen: enabling the energy transition and pathways to net-zero emissions. Other contributions to a sustainable energy transition are also featured in the edition, including industry support for the large-scale deployment of carbon capture and storage in Houston, financing through green bonds, and a new strategy from the Oil and Gas Climate Initiative.
Member sustainability articles
Abu Dhabi National Oil Company + bp
ADNOC, bp and Masdar to provide low-carbon energy solutions to UAE and UK
Strategic framework agreements signed between ADNOC, bp and Masdar will see the companies collaborate on the development of renewable hydrogen hubs in the United Kingdom and the United Arab Emirates, as well as identifying potential areas for partnership in carbon capture and storage, methane detection and sustainable energy and mobility solutions.
Chevron collaborates with Caterpillar on hydrogen demonstration projects
Chevron and Caterpillar have announced their agreement to collaborate on the development of demonstration projects which aim to confirm the feasibility of hydrogen as a commercially viable fuel-alternative, for use in heavy-duty transportation and stationary power applications.
Chevron + ExxonMobil
Industry supports large-scale deployment of carbon capture and storage in Houston
Chevron, ExxonMobil and nine other companies have expressed interest in the wide-scale deployment of carbon capture and storage technology at the facilities they operate in Houston, driving momentum on lowering industrial emission in the Houston area.
INPEX to launch inaugural green bonds
As part of its net-zero strategy, INPEX has announced it will issue its inaugural green bonds. The use of funds raised through the issuance of green bonds will be restricted to businesses and operations that help improve the environment, such as the development of renewable energies.
Repsol in green hydrogen push
Repsol will start up the first electrolyzer in the Spanish region of the Basque Country in the second half of 2022, to produce renewable hydrogen at its Petronor refinery. The facility will have a capacity of 2.5MW. The project also includes construction of the necessary infrastructures for the use and distribution of the renewable hydrogen produced.
Woodside joins initiative to drive hydrogen bus adoption in South Korea
Woodside and five other parties have joined forces to establish HyStation, a company aiming to construct and operate hydrogen refuelling stations for public transport bus fleets in South Korea. The joint initiative will help accelerate the transition of buses from diesel to hydrogen, which, as heavy vehicles that require short refuelling times, are well suited to hydrogen fuel cells.
Partner sustainability article
Oil and Gas Climate Initiative
OGCI releases new strategy to accelerate the energy transition
OGCI has launched a new strategy to drive deep reductions in greenhouse gas emissions to help accelerate the energy transition. All 12 members aim to reach net-zero emissions from operations under their control by 2050, and commit to leveraging their influence as industry leaders and collaborating with stakeholders to help accelerate the transition to a net-zero future. IPIECA welcomes this ambitious strategy and will continue close collaboration with OGCI to contribute to the energy transition in the context of sustainable development.
World Business Council for Sustainable Development
Policy recommendations to accelerate deployment of hydrogen
WBCSD and 20 of its member companies have released a set of policy recommendations for governments to address barriers to implementation for hydrogen solutions and create a global hydrogen market with the lowest possible carbon intensity.
Related IPIECA resources & news
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- 30 September 2021