Global E&P company Neptune Energy (Neptune) is accelerating its focus on net zero with the announcement today (3rd March) that it will store more carbon than is emitted from its operations and the use of its sold products by 2030.
By eliminating total carbon dioxide (CO2) emissions from its production chain the company aims to go ‘beyond net zero’, in addition to refreshing its strategy on lowering carbon energy production and integrated energy hubs.
Neptune’s new strategy includes lowering its carbon energy production using methods such as electrification to decarbonise some of its ‘highest producing assets’ with a short-term focus on Norway.
Integrated energy hubs will also play a key role in the strategy and builds on the company’s experience with carbon capture and storage (CCS) in the Netherlands and Norway.
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