Many of our customers and partners are in energy intensive sectors like mining, heavy transport, aviation and marine.
We fuel mining operations across the remote areas of the Pilbara and Central Queensland and also the heavy transport industry across Australia’s vast highways, which make decarbonization a challenge.
While these sectors drive substantial economic activity, they are also responsible for approximately 40% of Australia’s carbon emissions.
And while many have already made net zero commitments, there is a strong appetite and demand from our large customers for low carbon alternatives.
We are working with our customers and governments to find a way to develop these low low-carbon options which are affordable and commercial.
Frédéric Baudry, president, bp Australia and SVP fuels & low carbon solutions, Asia Pacific
Bernard Looney, chief executive officer
bp and Qantas are working together on opportunities to reduce carbon emissions in the aviation sector and contribute to the development of a sustainable aviation fuel industry in Australia.
Jointly, the teams will explore opportunities and projects across advanced sustainable fuels, advocacy for further decarbonization in the aviation sector, renewable power solutions and generation, carbon management and emerging technology.
With both companies having set goals to be net zero by 2050, the strategic partnership will help leverage shared goals, expertise and reach of Qantas and bp to innovate together.
bp is working to help decarbonize Australia by investing in new and emerging low emissions technologies such as hydrogen, sustainable aviation fuels and renewable diesel.
Sectors like mining, heavy transport, aviation and marine drive significant economic activity. But in doing so, they are responsible for significant emissions. They are also our customers, dependent on us for their fuel and energy needs.
And while many have already made net zero commitments, there is a strong appetite and demand from our large customers for large scale green energy.
In line with our new ambition we are responding to investors and customers by repurposing our assets – and we have exciting plans to develop them. Our Kwinana Clean Energy Park (WA), and Bulwer Clean Energy Hub (QLD) have the potential to host clean energy hubs comprised of existing and emerging low-carbon technologies.
We have the technology and the ‘know how’ – and we are working on how we commercialize these assets, and with governments on longer term policy settings that will help facilitate the transition to cleaner energy that customers want and need.