Back Low carbon energy Towards a low-carbon economy Climate change is a global challenge. By developing low-carbon technologies, we support our customers to produce greener energy and increase energy efficiency, on the path to climate neutrality by 2050, as agreed by European leaders in the spirit of the Paris Agreement. How do we help to achieve this goal? Our commitment to energy transition and sustainable growth drives us to continuously research new solutions and technologies that contribute to the overall goal of achieving a low-carbon economy. Our current capabilities to address the needs of low-carbon energy technologies are in the following areas Renewable energy Electricity generation with biomass Biofuels Energy storage Oil and gas decarbonization Switch to gas Methane emission reduction Efficiency in the use of resources Low carbon technologies Blue and green hydrogen CCS Circular economy Sustainable growth Clean fuels for domestic heating and cooking Clean fuels for transportation Petrochemical Integration with petrochemical operations We are deploying renewable power generation and contributing to the development of biofuels: We have built the world largest biomass power plant in Teesside, United Kingdom. We have defined the technology for a plant in the Netherlands that is fed by hydrogenated vegetable oil to produce sustainable aviation fuel. We are building efficient facilities along the natural gas value chain: Production and processing plants of natural gas for clients that apply the most stringent standards for minimizing methane emissions and that are among the natural gas operators with the lowest carbon footprint. We increase the efficiency and reduce the carbon footprint of power generation by the conversion of open cycle gas turbines into combined cycle power plants. These specific projects prevent the use of more pollutant technologies to cover events of peak demand. We are supporting our clients in their investments in low carbon and circular economy technologies that need an additional step ahead to be technical and economically feasible to be deployed at a large scale: We are designing – and we will build – a waste and biomass to methanol plant, clear example of biomass valorisation and good circular economy practice. We are providing engineering services for green hydrogen projects for several clients, having signed agreements for implementing green hydrogen sources in existing refineries. We are designing carbon capture and storage facilities for the decarbonization of combined cycles or the production of low carbon hydrogen from natural gas reforming. We are developing our own proprietary technologies to convert biomass in chemicals products or for the recovery of rare earths, indispensable for the technologies required for the energy transition. We are actively involved in prospects for products downwards in the hydrogen value chain, as green ammonia. We are collaborating in the escalation of electrolysis technologies. We understand that the energy transition will require time. The speed of the transition will be mainly defined by the velocity with which the industry moves forward in this process. In order to speed up this process, we have a decarbonization consulting practice to help our clients to define decarbonization road maps for their industrial facilities. The road map identifies the combination of technology alternatives and their implementation schedule that help to meet decarbonization goals while maximizing the net present value of the required investments. We are offering these services not only to our traditional oil and gas clients, but also to companies of other energy intensive industries. Our commitment is to get increasingly involved in projects where there is a clear positive impact related to decarbonization.