Helping greening companies to decarbonize
bp is working to help decarbonize customers in carbon intensive sectors – including heavy transport, heavy industry and consumer products – that are committed to reducing their emissions
The challenge
For the world to meet the Paris goals, we need to go where the emissions are. That means transforming energy, transport and industry – the sectors accounting for approximately 70% of global emissions.
However, the transition is complex and there is no one-size-fits-all solution.
It requires integration of existing and emerging technologies and long-term financial commitment in an environment where there is regulatory and technical uncertainty.
It means finding ways to decarbonize operations and emissions from logistics. Most goods delivered across the developed world are produced thousands of miles away before being shipped, flown, or transported by road or rail to the customers.
And it will take collaboration between companies and sectors to drive change at scale.
Integrated decarbonization solutions
At bp we provide integrated energy solutions to help large corporations reduce their carbon emissions.
We bring together expertise from across bp, with help from our partners, to offer bespoke integrated solutions – anticipating and adapting to customer needs as technology advances and the energy transition progresses.
For industrial-scale demand for low carbon energy sources, we can work across bp’s portfolio of businesses and trading partners to create and access the supply needed. As we decarbonize our own operations, we’re offering renewable electricity and fuels to enable our customers to decarbonize too.
We see opportunities in offering decarbonization at scale through integrated energy hubs, bringing together clusters of supply and demand for low carbon energy and fuels. Hubs bring a focus for accelerating the delivery of lower carbon alternatives and can offer economies of scale, and a focus for jobs, investment and innovation.
“At bp, we want to play a role in helping decarbonize carbon intensive sectors like international freight transport and global supply chains. The industry’s transition to net zero is complex and requires technology advancements and policies that will give companies across the value chain the confidence to act. We set out to collaborate and advocate with key industry players to progress solutions at the pace and scale needed. When we work together, we can fast track development, de-risk investments and provide signals to the market that will speed up the decarbonization of these hard-to-abate industries.”
