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The major automation technology providers have invented and unleashed many ways customers can reduce carbon footprint. This research from ABB shows how offshore companies can reduce global carbon emissions by 300,000 tons per site per year, the equivalent of taking 150,000 cars off the road.
- Moving to autonomous operations increases reliability and predictability of energy supply
- Annual savings of up to $30 million can be achieved
ABB has published another of its ‘Energy Transition Equation’ reports that shows how industrial customers can reduce carbon emissions and manage the energy transition for a more sustainable future.
Based on nine months of research and modelling, the report highlights how early adoption and integration of automation, digitalization, and electrification technologies to enable autonomous operations can deliver savings of over 300,000 tons of carbon emissions per annum for offshore sites (approximately 25 percent reduction). This is the equivalent of removing 150,000 combustion cars from the road and is the same volume of CO2 responsible for five million tons of glacier mass lost each year.
The report also demonstrates how companies can realize production efficiencies of up to $30 million in annual savings, while delivering net revenue increases of up to $120,000, thanks to autonomous operations.
A key part of this is redeploying companies’ offshore workforces, moving them from hazardous roles into new ones onshore. In doing so, employers can offer safer working environments, a better work-life balance and fill industry talents gaps by reskilling employees to support a data-led approach to oil and gas exploration and production.
In 2021, ABB reduced its own CO2 emissions by 39 percent as part of its Sustainability Strategy 2030 and expects to be fully carbon neutral by decade’s end. The strategy details how ABB will support its global customers in reducing their annual CO2 emissions by at least 100 megatons by 2030, the equivalent of removing 30 million combustion cars from the roads.
The report’s economic modelling was undertaken by independent economist Steve Lucas of Developmental Economics, in conjunction with ABB Energy Industries and supported with desktop research of academic and industry sources. ABB will publish reports focused on the power and chemicals markets in 2023.
Notes to editors
These figures are based upon hypothetical scenarios of a 1 x 150000 barrel a day (oil) FPSO and a 1 x 150000 barrel (oil) Fixed Platform. Both assume an operational life cycle of 15 years with a 5-year development phase. Some have been rounded out for the purpose of the press release – exact calculations and figures can be found in the report or can be downloaded here.