DNV and EGPC sign MoU to support sustainability
Published by Sara Simper,
Editorial Assistant
World Pipelines,
DNV, the independent energy expert and assurance provider, has strengthened its commitment to tackling climate change through a Memorandum of Understanding (MoU) made with the Egyptian General Petroleum Corporation (EGPC) to support their effort to set science-based targets for their net-zero goals. EGPC is setting these targets within the framework of the ‘Egypt Vision 2030’ national plan to reach the country’s sustainable development goals (SDGs), in line with the 1.5 °C pathway of the Paris Climate Agreement.
The purpose of this agreement is to provide technical advisory support to establish EGPC’s strategy and execute its plan to align with Egypt Vision 2030, covering all dimensions of the country’s SDGs. Both parties will identify the economic, social, and environmental risks, opportunities and impacts of EGPC’s activities for all relevant stakeholders, work on enhancing EGPC’s reporting system and build awareness on sustainable development reporting.
Moreover, DNV will support the company in delivering studies related to net-zero emission and carbon capture, utilisation and storage projects, as well as deliver training programmes for EGPC sustainability committee, management and affiliated companies.
“DNV follows best practices from the World Business Council for Sustainable Development (WBCSD)’s global survey to align with the UN SDGs. Our extensive experience and expertise in the energy transition will help EGPC achieve their goals, and, in turn, feed into Egypt’s decarbonisation strategy – which is key to reaching the required emissions reduction”, explained Santiago Blanco, Executive Vice President and Regional Director for Southern Europe, Middle East and Latin America, Energy Systems at DNV.
The MoU signing ceremony in Cairo was witnessed by HE Eng. Tarek El Molla, Minister of Petroleum and Mineral Resources, and HE Hilde Klemetsdal, Norway’s Ambassador to Egypt and Libya.
Read the article online at: https://www.worldpipelines.com/business-news/11042023/dnv-and-egpc-sign-mou-to-support-sustainability/
You might also like
World Pipelines Podcast: Going global with IPLOCA
In this episode, Elizabeth Corner speaks to Georges Hage, Executive Secretary at IPLOCA, about IPLOCA's insights on the culture and characteristics of the pipeline contractor community, and how it works to support sustainable energy infrastructure.
Oil and gas companies add renewable fuels to low-carbon portfolio, says GlobalData
Share of fossil fuels in the world’s energy mix declined from 82% in 2022 to 81.5% in 2023.
