Ecopetrol to use EVs

Company News    Jul 16, 2021 3:07 PM

Ecopetrol (NYSE: EC) announced the use of Electric Vehicles (EVs) in line with its commitment to contribute to sustainable mobility.

The NOC will incorporate 60 EVs for its workers in different areas of the country, reducing more than 170 tons of CO2 emissions per year, which is equivalent to the restoration of 16 hectares of forest, Portfolio reported.

“The first 23 vehicles are already in operation at the company’s facilities in Barrancabermeja, Cartagena and Neiva,” ECP said in a statement.

The company explained that another 37 vehicles, including cars and buses, will start operations in 2H21 and 1Q22.

“In addition, electric charging stations will be set up at Ecopetrol’s facilities,” the company highlighted.

The strategy also includes the operation of gas vehicles, an environmentally friendly fuel and one of the most efficient solutions to drive the energy transition, according to ECP.

“These actions are part of the Ecopetrol Group’s decarbonization plan, which seeks to achieve zero net carbon emissions by 2050,” Carlos Santos, Ecopetrol’s Vice President of Supply and Services, said.

The expert added that ECP is working on different fronts, highlighting energy efficiency projects, the implementation of renewable energy projects and nature-based solutions, among other.

ECP considers that sustainable mobility actions are aimed at reducing Scope 3 emissions, which are associated with the company’s value chain and the use of the products sold.

“This sustainable mobility initiative will include, once the gradual return to the offices in Bogota begins, alternatives such as vehicle and electric bicycle rentals, technological apps and analytics to promote the efficient and shared use of vehicles, caravans of cyclists and pedestrians,” ECP said.

Bottom-Line: Companies continue to move forward in the decarbonization process and actions like this are proof of that.

The extractive sector will be key in driving the energy transition through natural gas and resources to fund new generation technologies.

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