Equinor is targeting a 50% reduction in emissions from its marine operations in Norway by 2030.
The Norwegian energy company has also set goals for its operations as a supplier of fuel to the maritime sector, aiming to scale up the production and use of zero-emission fuels by 2050.
The development of ammonia and hydrogen from natural gas in combination with carbon capture and storage will also be among the priorities of Equinor’s decarbonisation strategy.
Kjetil Johnsen, Vice President for the Shipping, Ship Technology and Vetting Unit, commented: “A successful development of zero-emission fuels for the maritime sector will require close collaboration between the industry, shipowners, technology suppliers, international organisations and authorities.
“If we succeed, we will achieve a zero-emission shipping industry and contribute to more sustainable use of the world oceans.”
The energy giant in February set the goal of halving its carbon dioxide emissions from its global operations by 2050.