The Company’s integration of sustainable development principles into essential business operations continues to be one of its top goals since it recognizes the significance of its influence on the economy, the environment, and society. Expanding its resource base, increasing the productivity of present production, extending the value chain, implementing contemporary technology, and reducing its carbon impact will all contribute to the Company’s success during the next ten years.

Our transition to sustainable and alternative feedstocks is necessary to build a more environmentally friendly and effective mobility system. Because of stringent laws and changing consumer preferences, the amount of biofuel consumed in Europe is predicted to nearly triple by the end of this decade. The need for chemicals and materials will increase in tandem with global population growth, economic expansion, and rising living standards. High-performance polymers are used to make many of the everyday devices we use, such computers and cellphones.

They save lives by adding safety measures like airbags, helmets, and medical equipment, and they lighten and improve the fuel efficiency of our cars and airplanes. Lightweight solutions are crucial for creating a low-carbon economy and for modern, healthy living because of their strength, adaptability, and—above all—low production costs. But we need to adjust the way we get rid of plastic. Plastics need to be seen not as a problem, but as a component of a solution.

We will progressively cut our oil and gas production by 20% by 2050 in order to reach our aim of becoming a net-zero corporation. By that same year, we will cease producing any oil and gas for use in energy. Up until 2030, we will keep making traditional exploration and production investments; after that, we will drastically scale back. Gas will make up over 60% of all energy used, demonstrating its importance as a transition energy that makes using renewables possible. In order to use its current resources and expertise to help create a more sustainable society, E&P will also make investments in geothermal energy and carbon capture and storage (CCS).

The plan considers the global trend of clean energy transition and carbon management, as well as changes in LLP Firma Ada Oil’s asset portfolio, including the expansion of the petrochemical sector and the company’s split as a distinct national corporation. In order to maintain consistency between corporate governance goals and economic, environmental, and social priorities, the Company will persist in integrating sustainable development principles into essential business processes. The Company acknowledges the significance of its influence on the economy, ecology, and society. Over the next 10 years, the company will make sure that its growth is secure by diversifying its resources, boosting the effectiveness of its current production, creating new processing, implementing cutting-edge technology, and lowering its carbon footprint.