In 2018 Petrobras announced its support for the World Bank’s Zero Routine Flaring by 2030 initiative.
Total launched its US$300 million Energy Efficiency Plan in 2018, aiming to reduce greenhouse gas emissions in its refining and chemicals operations by around one million tonnes of carbon dioxide per year.
That should support the company’s ambition to improve energy efficiency by 1% per year, over the next five years. Several high-impact projects, costing up to US$15 million each to implement, were selected across 20 downstream plants on the basis of greenhouse gas reduction and energy cost savings, using an internal carbon price of US$30-40 per tonne of carbon dioxide. In addition, the plan creates a structure to identify multiple energy and/or emissions savings opportunities at low or no investment cost.
The plan starts with a renewed focus on getting the basics right, introducing new measurement, maintenance and monitoring approaches that together build an energy efficiency culture. It provides investment for improved asset designs, energy management systems and optimized tools.
Several plants have already started to prepare for the next wave of energy saving actions. As OGCI looks to expand its carbon intensity efforts to downstream operations, Total’s experience will be key to understanding the opportunities.
What OGCI member companies are doing to reduce carbon intensity
Member companies are focusing on flaring reduction, efficiency improvements, electrification and the integration of renewables in their operations.