The overall objective is to manage carbon emissions sustainably.
To better respond to the new challenges resulting from climate change effects, we are taking specific actions including process optimization, boosting energy efficiency and implementing projects that reduce GHG emissions, energy consumption and costs.
OMV Petrom decreased the GHG Intensity of its operations by 20% in 2018 vs. 2010. This proves our efforts to contribute to OMV Group’s strategic objective of decreasing GHG Intensity by 19% by 2025 (vs. 2010). However, in 2018, the overall OMV Petrom’s GHG Intensity increased by 5.4% vs. 2017, as follows: Upstream increased by 9.3%, Petrobrazi refinery increased by 6.1% and Power Plants decreased by 0.9%.
Direct GHG Emissions
Our total direct GHG emissions (scope 1) increased by around 13% in 2018 vs. 2017 and accounted for 4.5 mn t of CO2 eq. The increase of direct GHG emissions was mainly due to the increased electricity production of the Combined Cycle Power Plant located in Brazi.
We are subject to the EU Emissions Trading Scheme (EU ETS). Seven of our operating installations were under EU-ETS at the end of 2017. Around 54% of our direct GHG emissions come from these EU-ETS installations.
Indirect GHG Emissions
Our indirect GHG emissions (scope 2) are those related to the production of the energy we purchase (electricity) for our operations. In 2018, our indirect GHG emissions totaled 79,834 tons CO2 eq. An amount of around 130,000 tons CO2 eq indirect GHG emissions were avoided in 2017 due to energy generated by G2P (Gas-to-Power) and CHP (Combined Heat and Power) units in Upstream.