Senex sets net zero targets
PERTH (miningweekly.com) – ASX-listed Senex Energy on Monday released its decarbonisation action plan, revealing details of its plan to become a net zero operation by 2040.
“Natural gas is integral to meeting demand for reliable and affordable energy and we are focused on being the natural gas supplier of choice through the transition,” said MD and CEO Ian Davies, noting that the company was committed to supporting the global transition to a cleaner energy future and low-carbon economy.
“We plan to expand our valuable natural gas business to deliver 60 PJe per year by year-end 2025 and, at the same time, materially reduce the carbon intensity of our operations and use our knowledge and technology to help our customers to do the same,” Davies said.
The company has set a number of near-term and interim targets, including reducing its greenhouse gas (GHG) emissions by 30% by 2025, compared with 2021 baseline output, while a 75% reduction in GHG emissions has been targeted for 2030.
The company has identified three pillars in its approach to carbon reduction, including the electrification of all new processing facilities from renewable sources, reducing flaring activities by 70% by 2025 and by 100% by 2030, conducting customer engagement to identify and set customer-related Scope 3 GHG emission reduction targets within the next year, allocating at least 5% of its annual earnings before interest, taxes, depreciation and amortisation to low-carbon investments, and considering investments in credible Australian offsets for hard-to-abate emissions.
Comments
The
content
you are trying to access is only available to subscribers.
If you are already a subscriber, you can Login Here.
If you are not a subscriber, you can subscribe now, by selecting one of the below options.
For more information or assistance, please contact us at subscriptions@creamermedia.co.za.
Option 1 (equivalent of R125 a month):
Receive a weekly copy of Creamer Media's Engineering News & Mining Weekly magazine
(print copy for those in South Africa and e-magazine for those outside of South Africa)
Receive daily email newsletters
Access to full search results
Access archive of magazine back copies
Access to Projects in Progress
Access to ONE Research Report of your choice in PDF format
Option 2 (equivalent of R375 a month):
All benefits from Option 1
PLUS
Access to Creamer Media's Research Channel Africa for ALL Research Reports, in PDF format, on various industrial and mining sectors
including Electricity; Water; Energy Transition; Hydrogen; Roads, Rail and Ports; Coal; Gold; Platinum; Battery Metals; etc.
Already a subscriber?
Forgotten your password?
Receive weekly copy of Creamer Media's Engineering News & Mining Weekly magazine (print copy for those in South Africa and e-magazine for those outside of South Africa)
➕
Recieve daily email newsletters
➕
Access to full search results
➕
Access archive of magazine back copies
➕
Access to Projects in Progress
➕
Access to ONE Research Report of your choice in PDF format
RESEARCH CHANNEL AFRICA
R4500 (equivalent of R375 a month)
SUBSCRIBEAll benefits from Option 1
➕
Access to Creamer Media's Research Channel Africa for ALL Research Reports on various industrial and mining sectors, in PDF format, including on:
Electricity
➕
Water
➕
Energy Transition
➕
Hydrogen
➕
Roads, Rail and Ports
➕
Coal
➕
Gold
➕
Platinum
➕
Battery Metals
➕
etc.
Receive all benefits from Option 1 or Option 2 delivered to numerous people at your company
➕
Multiple User names and Passwords for simultaneous log-ins
➕
Intranet integration access to all in your organisation