Based on the companies’ longstanding partnership and taking into account the changes shaping the global energy transition to deliver more energy with less carbon, Rosneft and bp have agreed to co-operate in identifying and developing new, low-carbon solutions and programmes that will support the companies’ shared sustainability goals.
The companies also intend to join efforts in aligning with developing industry methodologies and standards on carbon management, including methane reduction initiatives and energy efficiency applications.
Rosneft and bp will also jointly evaluate new projects envisaging the use of renewables, opportunities for carbon capture, utilisation and storage (CCUS), as well as developments for hydrogen.
The companies intend to work together on opportunities for low-carbon solutions in downstream businesses, including the development of advanced fuel, as well as evaluate the potential for the development of natural forest sinks and trading of forest carbon-offsets credits. The companies will co-operate in sustainable development and social investment, including biodiversity.
Read the article online at: https://www.hydrocarbonengineering.com/the-environment/04022021/rosneft-and-bp-concentrate-on-sustainability/