Yinson Annual Report 2021

145 ANNUAL REPORT 2021 NATURAL CAPITAL Remove regular flaring on two-thirds of operating units by 2030 Reduce CO 2 e/boe-intensity by 30% by 2030 Reduce CO 2 e/MWh-intensity by 50% by 2030 CARBON EMISSION REDUCTION TARGETS Offshore production assets in operation CARBON EMISSIONS MANAGEMENT The achievement of our committed carbon emission reduction targets will require significant operational changes. We have undertaken thorough internal calculations and assessments to arrive at the following intensity scenarios in this decade. Our projections relating to CO 2 e/MWh intensity considers contribution from the Renewables Division to the total energy production mix. CARBON INTENSITY PROJECTIONS kg CO 2 e / MWh kg CO 2 e / boe 300 279.1 238.0 231.0 15.8 15.5 16.2 14.2 14.2 154.3 151.1 136.8 11.4 11.2 11.2 176.8 182.6 192.5 199.2 212.2 15.0 14.9 16.3 18 250 16 200 14 150 12 100 10 50 2020 2021 2022 2023 2024 2025 2026 2027 2028 2029 2030 8 6 Combined cycle technology Designs of closed flare and venting system Implementation of carbon capture solutions Potential of receiving power from renewable energy sources ZERO-EMISSION FPSO CONCEPT Yinson has developed a concept for a zero-emission FPSO which incorporates both future and existing technologies, to support the Group’s ambition of leading the way in the decarbonisation of the FPSO industry. Through the concept Yinson is ready to provide the next generation of FPSOs to the market. The development of this concept is also in alignment with Yinson’s Climate Goals to be carbon neutral by 2030 and net zero by 2050. FEATURES OF THE CONCEPT Yinson’s Climate Goals, pg 72