One of the company’s main objectives is still to incorporate sustainable development ideas into all aspects of core business operations since it understands how important this is to the economy, the environment, and society. Over the next 10 years, the Company will succeed if it can increase its resource base, improve the productivity of its current operations, extend its value chain, use modern technologies, and lessen its carbon footprint.

We must make the switch to sustainable and alternative feedstocks in order to create a mobility system that is both more efficient and kind to the environment. By the end of this decade, Europe’s biofuel consumption is expected to nearly triple due to strict regulations and shifting customer preferences. Together with the world’s population growth, economic progress, and growing standards of living, there will be a greater demand for materials and chemicals. Many of the commonplace gadgets we use on a daily basis, including computers and cellphones, are made of high-performance polymers.

By incorporating safety features like airbags, helmets, and medical equipment, they save lives. They also make our automobiles and airplanes lighter and more fuel-efficient. Lightweight solutions are essential for modern, healthy living and for establishing a low-carbon economy due to their strength, versatility, and most importantly, cheap production costs. However, the method we dispose of plastic needs to change. Plastics must be viewed as a part of the solution, not as a problem in and of themselves.

To achieve our goal of being a net-zero firm by 2050, we will gradually reduce our output of oil and gas by 20%. We shall stop producing any oil and gas for use as energy by that same year. We will continue to invest in traditional exploration and production until 2030, at which point we will significantly reduce our spending. Gas will account for more than 60% of total energy consumption, highlighting its significance as a transition energy that enables the deployment of renewable energy sources. E&P plans to invest in geothermal energy and carbon capture and storage (CCS) in addition to using its current resources and expertise to contribute to the creation of a more sustainable society.

The strategy takes into account the worldwide trend toward clean energy transition and carbon management in addition to modifications to Adzhip Karachaganak B.V.’s asset portfolio, such as the division of the company into separate national corporations and the growth of the petrochemical industry. The Company will continue to incorporate sustainable development principles into critical business operations to ensure alignment between corporate governance objectives and economic, environmental, and social considerations. The Company understands the importance of its impact on society, the environment, and the economy. The corporation will ensure that its growth is secure over the next ten years by lowering its carbon footprint, developing new processing, increasing the efficiency of its current production, diversifying its resources, and putting cutting-edge technology into place.