Energy company Equinor has announced its aim to reduce its ship emissions and plans to contribute to decarbonising shipping.
The maritime climate ambitions of Equinor are a part of its climate roadmap, which was announced on 6 February.
The maritime sector contributes to 60% of the greenhouse gas emissions in Norway and 2% to 3% emissions worldwide.
Equinor has an extensive global maritime activity, which includes approximately 175 vessels under contract.
Equinor Marketing, Midstream and Processing (MMP) executive vice-president Irene Rummelhoff said: “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.”
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For its maritime activity, the company is aiming to half the maritime emissions in Norway by 2030 compared to the emissions in 2005.
Additionally, by 2050, it aims to half the global emissions compared to emissions in 2008.
The goals are said to be in accordance with the International Maritime Organisation (IMO) goals for global shipping, as well as goals set by Norwegian authorities.
As a maritime sector fuel supplier, Equinor aims to increase its production and use of low-carbon fuels by 2030. By 2050, it aims to ‘strongly’ boost the production and use of zero-emission fuels.
Equinor has worked to decrease the carbon intensity with the development of new vessels and the use of alternative fuels.
The company is currently using liquefied natural gas (LNG) as fuel and, by next year, plans to begin the large-scale use of liquefied petroleum gas (LPG).
Rummelhoff added: “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.
“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. We see this as an exciting business opportunity that fits the company’s strategy and technological advantages, as well as Norway’s role as a laboratory for new maritime technology.”
According to Equinor, the two areas for developing zero-emission fuels are increasing the biofuel share in marine fuels and developing ammonia and hydrogen along with carbon capture and storage.