Oil major BP will be showcasing for the first time in Abu Dhabi its methodology that helped reduce the company’s greenhouse gas emissions by 10 percent, eight years ahead of schedule, at the same time as saving the company $600 million.
The company’s technologically advanced applications and research in capturing and treating harmful emissions will be the focus of its attendance at the Environment and Energy (E&E) 2003 exhibition at the Abu Dhabi International Exhibition Center from February 2-5.
In 1998, shortly after the Kyoto accords, BP set itself the ambitious target of reducing its emissions of greenhouse gases by 10 percent by the year 2010, relative to a 1990 base line.
By the spring of 2002 its emissions of carbon dioxide had been cut to 80 million tons, 10 million tons below the level in 1990 and 14 million tons below the level they had reached by 1998.
At BP’s chemicals plant in Korea the project resulted in savings of $4.5 million a year and cut carbon dioxide emission by 49,000 tons. At its Texas City refinery it saved five million dollars and 300,000 tons of emissions.
At its operation in Sharjah, BP Sharjah Oil Company surpassed its target by achieving a reduction of 30 percent in greenhouse gases, declining 971,000 tons in 1998 to 640,000 tons by the end of 2002. In Abu Dhabi, ADCO reduced its methane emissions by 85 percent by replacing pumps that were driven by methane gas with solar powered electric motors. — (menareport.com)
© 2003 Mena Report (www.menareport.com)
