Brief: Ampol Launches Future Energy And Decarbonisation Strategy

Fusion Fuel Green

20/05/2021 24:03

May 20 (Reuters) - Ampol Ltd  ALD.AX :
    * AMPOL LAUNCHES FUTURE ENERGY AND DECARBONISATION
STRATEGY-ALD.AX
    * BY 2025, OPERATIONS TO USE 40% EQUIVALENT NET RENEWABLES,
WITH A
25% REDUCTION IN OPERATIONAL EMISSIONS ON AN ABSOLUTE BASIS
    * COMMITS MINIMUM $100 MILLION SPEND ON FUTURE ENERGY
PROJECTS TO
2025
    * BY 2040, NET ZERO EMISSIONS FROM OPERATIONS ON AN ABSOLUTE
BASIS
    * BY 2025, OPERATIONS TO USE 40% EQUIVALENT NET RENEWABLES
TARGET
FOR CONVENIENCE RETAIL
    * BY 2025, SEES 5% REDUCTION IN OPERATIONAL EMISSIONS
INTENSITY
FROM 2021 LEVELS FOR FUELS AND INFRASTRUCTURE
    * COMMITS TO THREE NEW INDUSTRY COLLABORATIONS, INCLUDING
WITH
TESLA AND ENERVEN TO PILOT A VIRTUAL POWER PLANT AT THREE RETAIL
SITES
    * A MINIMUM $100 MILLION SPEND ON FUTURE ENERGY PROJECTS TO
2025;
    * BY 2030, OPERATIONS TO USE 50% EQUIVALENT NET RENEWABLES,
WITH 
50% REDUCTION IN OPERATIONAL EMISSIONS ON ABSOLUTE BASIS FROM
2021 LEVELS
    * HAS SIGNED AGREEMENT WITH ENERVEN TO INSTALL 6-9 TESLA
POWERWALL
BATTERIES BTW 55-99 KILOWATTS OF SOLAR PANELS AT 3 RETAIL SITES
IN ADELAIDE
    * COMMITS TO COLLABORATIONS WITH FUSION FUEL GREEN PLC TO
JOINTLY
DEVELOP A GREEN HYDROGEN PRODUCTION PLANT AT LYTTON
    * ALSO ANNOUNCES PARTNERSHIP WITH EARLY-STAGE AUSTRALIAN
DEVELOPER
OF HYDROGEN-BASED MICROGENERATION & STORAGE TECHNOLOGY
    * HYDROGEN PLANT AT LYTTON WILL BE COMMISSIONED OVER NEXT 12
MONTHS

Source link: [https://bit.ly/2RosXdX]
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