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The energy company is clear in his purpose, is a re-imagining of the energy for the people and for the planet and, to this end, it intends to reinvent the company in order to face the biggest challenge that the society has on a global scale, climate change. To do this, has plotted a tour based on 10 goals , among which are, that all the operations of bp and the emissions related to the entire production of hydrocarbons extracted from the subsoil are in zero net emissions by 2050 or before. As well as, the reduction of methane emissions and the carbon intensity of the products sold, the 50% by 2050 or before.

A parcel, aligned with the intent of Europe to ensure that recovery funds are directed towards an economic model that is green and with the recent approval of the Draft Law of Climate Change and Energy Transition, which fixed a great long-term goal: achieve climate neutrality by 2050.

climate Neutrality from the technological Neutrality

For the achievement of these objectives, bp’s bet for the technological neutrality , which means having the inclusion of all industrial sectors and all technologies with the aim of achieving net emissions to zero in 2050. To do this, bp has several lines of action , among them, the momentum of the electrification of transport, the hydrogen economy, clean production of renewable electricity, as well as the decarbonisation of its refineries, petrochemical plants, platforms, and wells.

specifically, bp is proposing to convert the refineries in the centers hyper-efficient and sustainable, with net emissions to zero by 2050 or before, focused on the development of ecocombustibles, energy efficiency, hydrogen, low carbon footprint, and carbon capture.

A path that coincides with the Strategy for the Evolution towards the cocombustibles of the Spanish Association of Operators of Oil (PFO) and the roadmap of its counterpart, the european Association FuelsEurope, which provides that the use of ecocombustibles avoid the same emissions that 50 million electric vehicles in 2035, which is equivalent to about 100 million tonnes of CO 2 per year.

currently, the Refinery from bp in Castellón employs more than 500,000 tons per year of ecocombustibles to produce and develop their own fuels, this forms the equivalent of 15% of the Diesel produced is already renewable. The great advantage of the ecocombustibles, in addition to being produced by other renewable raw materials, waste and recycled (used oil, municipal waste, agricultural and industrial non-recyclable plastics), is that, they do not require new infrastructure, which reduces the net emissions immediately.

in Addition its use does not entail an extra expense for the consumer, because it does not require a change of vehicle and allow the decarbonisation of the sectors in which there are no other alternatives, such as aviation, shipping and heavy transport.

According to recent studies, the increase of an additional 1% of the content of ecocombustibles in diesel and gasoline in Spain – the goal in the EU for 2020 is 10% – would prevent the issuance of 750,000 tons per year of CO 2, and would be tantamount to replacing more than 70,000 vehicles internal combustion for electric vehicles. In addition, bp analyzes the investments in its refinery in Castellón to increase, by up to 50%, the production of ecocombustibles advanced, mainly diesel and aviation fuel (bio-jet).

A diversified portfolio of sustainable projects

Bp will also invest around $ 500 million per year to support the activities of low-carbon , including both own businesses in the area of renewable energy such as new acquisitions.

In the field of photovoltaic solar energy, at the end of 2019, bp increased the investment in Lightsource the european leader in the development of solar parks, resulting in the company Lightsource BP, active in 13 countries and with a presence in Spain. Last year, Lightsource BP became the first company in the Uk to provide a service of reactive power of a solar plant at night.

On the same line, the energy company operates wind farms in EE. STATES with a total generating capacity net of 926MW. From 2019, BP Castrol collaborates with Romax Technology, in the development of monitoring techniques that can predict the maintenance needs at many sites, operated by bp. The ability to identify potential failures in the turbines, reduces maintenance costs by up to 30%.

In recent years, bp has increased its presence in the development of solutions for the charging of electric vehicles. It currently has over 7,500 charging points across the Uk through BP Chargemaster, the largest public network of electric charge of the country. A milestone that adds to the investment in StoreDot and Freewire Technologies, two manufacturers of batteries, ultra-fast able to match the recharge time for electric vehicles to combustion vehicles internal.

it should Be noted that all the electricity supplied through the network of public charge is certified as 100% renewable. In China, the main market of the electric vehicle, bp works with DiDi to offer services of load ultra-fast.

The energy company also operates through BP Ventures, the subsidiary corporate venturing that is in charge of identifying and investing in technology companies with potential high growth, accelerating innovation in the energy sector. Since its inception, a decade ago, has invested more than $ 700 million with more than 250 co-investors, and currently has 31 investment active. The last of these has been the investment of $ 5 million in Satelytics, a company of software for geospatial analysis that employs a technology that combines the spectral images of high resolution of the surface of the planet along with machine learning, to monitor changes in the environment, including emissions, or leakage of methane.

The use of the technology developed by Satelytics, form part of one of the 10 targets announced by Bernard this past February, in line with the purpose of re-imagining the global energy system: the installation of meters of methane in all of the major processing stations of oil and gas belonging to bp from here to 2023, and drive a 50% reduction in the intensity of the methane of all operations.

BP plasma in this way his ambition of becoming a company with zero emissions by 2050 or even before, and help the world to achieve that same goal.