Equinor announces plans to boost low-carbon and zero-carbon marine fuels

In Norway, on the UN’s World Oceans Day, Equinor is launching its ambitions for reducing own emissions from ships and how the company will contribute to decarbonizing shipping.

Equinor has set the following ambition for its maritime activity:

• • By 2030: Halving maritime emissions in Norway compared to 2005 emissions.
• • By 2050: Halving global emissions compared to 2008 emissions.

As a supplier of fuel to the maritime sector, Equinor’s ambition is as follows:

• • By 2030: Escalating its production and use of low-carbon fuels.
• • By 2050: Strongly increase production and use of zero-emission fuels.

Equinor has worked systematically on reducing its carbon intensity by developing new types of vessels and using alternative fuels in close collaboration with the industry. Equinor has been a pioneer in using liquefied natural gas (LNG) as a fuel, and during 2021 it will introduce large-scale use of liquefied petroleum gas (LPG) as a fuel.

A new hybrid battery system has been introduced for 19 supply vessels on contract with Equinor on the NCS, and the next generation of dual-fuel vessels is being introduced to the fleet continuously. The company has also, in collaboration with the maritime industry, started developing the world’s first supply vessel to run on zero-emission ammonia.

Equinor will continue supporting the development of low-carbon fuels for the industry. In an intermediate phase it will introduce batteries, hybrid solutions as well as LNG and LPG solutions. Its longer-term ambition is to develop value chains for zero-emission fuels to the maritime sector that will gradually replace low-carbon fuels.