Decarbonizing Maritime Transport
Metric ton CO₂e / nutrient ton product
OCI will drive decarbonization through a 20% emission reduction target¹, achieved
with value enhancing operational and environmental initiatives
~12.5-15% emission reduction through new
strategic, lower carbon initiatives
Blue
~5-7.5% emission reduction through
operational excellence
~5% expected at no/low costs in the short-
to-medium term, >$75 million p.a. EBITDA
to be delivered over 3-5 years
~0-2.5% with capital in the medium-to-long
term with focus on economic payback¹
Accelerated focus on reliability, capital
performance and energy efficiency
Ongoing activities in lower carbon products and
switch to RES² at low/no economic cost account
for 4% emission reduction
Partnerships and lower carbon technologies
ensure optimal value creation
CCS/U
Transition pathway
Green
Biofuels
Purchased blue
hydrogen
Green hydrogen,
ammonia, and
methanol from
RES²
Other solutions
Waste gasification
Bio-methanol
RES to substitute
current power
(Scope 2)
2.30
2019 GHG intensity baseline
OCI
2. RES refers to renewable energy source
-10%
-20%
-15%
1.84
2019 chosen as the base year in line with Science Based Target
Initiative recommendations. It was the first year following
completion of our expansion program and was restated to
include a full year from Fertil and 50% of Natgasoline
Operational excellence
Lower carbon initiatives
2030 GHG intensity target
2050 carbon neutrality
1. Consolidated scope 1+2 calculated on EU ETS methodology on total ammonia and methanol production on a nutrient ton basis. Ability to achieve these targets is subject to supportive regulatory environment, subsidies, technology advancements, and national
environmental targets. Base year GHG emissions will be recalculated with any significant change in business operations (for example, acquisitions or divestments, or a change in product portfolio), corrections to historical data based on availability of more
accurate information, or changes to reporting methodology.
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