Equinor's climate actions are included in its climate roadmap, that was launched in February 2020. To remind, the climate roadmap aims to ensure a competitive and resilient business model fit for long-term value creation and in line with the Paris agreement.
Irene Rummelhoff, Equinor’s executive vice president for Marketing, Midstream and Processing (MMP) stated that
As a producer and user of maritime fuel, Equinor has a good opportunity to help decarbonise shipping. From our position on the Norwegian continental shelf (NCS), we will develop new solutions contributing to substantial emission reductions together with the maritime industry in Norway and internationally.
In addition, Equinor's green ambitions are as follows:
- By 2030: Halving maritime emissions in Norway compared to 2005 emissions.
- By 2050: Halving global emissions compared to 2008 emissions.
In the meantime, as a supplier of fuel to the maritime sector, Equinor’s ambition is as follows:
- By 2030: Escalating its production and use of low-carbon fuels.
- By 2050: Strongly increase production and use of zero-emission fuels.
In its statement, the company highlighted that they will continue to develop low-carbon fuels for the industry, adding that they will introduce batteries, hybrid solutions as well as LNG and LPG solutions.
Concuding, the company has identified the following areas for developing zero-emission fuels for the maritime sector:
- Increasing the share of biofuel in marine fuels
- Developing ammonia and hydrogen from natural gas in combination with carbon capture.