LUKOIL: LUKOIL INCREASES USE OF RENEWABLE ENERGY FOR OWN NEEDS

As part of its work on reducing controlled greenhouse gas emissions, LUKOIL augments supply of electricity from its own renewable energy sources (RES) to its own production facilities. The Company began supplying power to its Nizhny Novgorod refinery from the second stage of its solar power plant (SPP) located at the Volgograd refinery. About 26 million kWh are expected to be delivered annually.

This is the second LUKOIL’s production facility to use power generated by the Company’s SPP. The first one was its Stavrolen petrochemical plant located in the Stavropol region of Russia, with about 11 million kWh supplied there per annum.

The use of renewable power generation will enable the Nizhny Novgorod refinery to reduce carbon footprint of its products with expected reduction of indirect emissions by around 10 thousand tonnes of СО2 equivalent per year.

​The development of renewable power generation for own needs is an important tool of the Company’s decarbonisation program. LUKOIL plans to continue to implement such projects in accordance with its climate strategy. ​