QatarEnergy has vowed to focus its efforts on carbon capture and storage (CCS) technology and capture as much as 11 millions tons of CO2 per year by 2035.
The state-owned energy giant’s aim to double down on CCS is part of its strategy to significantly bring down its emissions by 2035.
The ambitious new sustainability target was announced on Monday and was coupled with the pledge to also advance QatarEnergy’s solar capacity, pushing it to 5 gigawatts by 2035.
QatarEnergy’s efforts are designed to further reduce the carbon footprint of the company’s liquefied natural gas (LNG) and upstream facilities.
If previous targets were to cut emissions by 25% and 15% for the LNG and for the upstream facilities, respectively, now those targets have been bumped to 35% and 25%, respectively.
Chief executive Saad Sherida al Kaabi acknowledged the role that QatarEnergy will have in combating the climate crisis, part of which will involve producing cleaner LNG, as well as slashing emissions with the help of carbon capture and nature-based solutions.
Another direction that the country is working on as a means of adding to the mix of low-carbon solutions is hydrogen.
Just recently QatarEnergy partnered up with Shell and Hydrogen Convergence Alliance (H2Korea) to work together on hydrogen energy, both inside and outside the borders of Qatar.
The country is currently hard at work to regain its title of world’s largest exporter of LNG and has set out to increase its production capacity by over 60% to reach 126 million tons annually by 2027.