Equinor has committed to halving its maritime emissions in Norway by 2030 and halving emissions from global operations by 2050 including through developing green ammonia and hydrogen.
The plans will see Equinor escalating its production and use of low-carbon fuels by 2030 with a goal to strongly increase production and use of zero-emission fuels by 2050.
These will include increasing the share of biofuel in marine fuels and developing ammonia and hydrogen from natural gas in combination with carbon capture and storage or by electrolysis of water from renewable power.
The announcement, timed for the UN’s World Oceans Day, will reduce emissions relative to a 2005 baseline for Norway and 2008 baseline for global goals.
Equinor said it had worked systematically on reducing its carbon intensity by developing new types of vessels and using alternative fuels in close collaboration with the industry.
A new hybrid battery system has been introduced for seven supply vessels on the Norwegian Continental Shelf, and the next generation of dual-fuel vessels is being introduced to the fleet continuously.
The company has also, in collaboration with the maritime industry, started developing the world’s first supply vessel to run on zero-emission ammonia, which can be produced from renewable electricity.
“Equinor will play an important role in developing new zero-emission fuels for ships, such as hydrogen and ammonia, in combination with carbon capture and storage,” says Equinor’s executive vice president for Marketing, Midstream and Processing Irene Rummelhoff.
“As a major maritime player and a producer of maritime fuels we can help establish new value chains in the sector, for example by pilot projects together with other players.”