• Business

Bapco Energies Group Commits to Low-Carbon Energy Transition, Aims to Lead on International Stage: CEO

by Swati Gupta

October 3, 2023 32

Mark Thomas, the CEO of Bapco Energies, has expressed the company’s unwavering commitment to tackling climate change by embracing a low-carbon energy system. Speaking at ADIPEC 2023 and the 28th Conference of the Parties (COP28), Thomas emphasized the crucial role that such gatherings play in fostering collaboration among energy companies to address the pressing global issue of climate change.

Thomas underscored the significance of events like ADIPEC 2023 and COP28, which serve as platforms for sharing expertise and capabilities essential for effecting meaningful change in response to the challenges posed by climate change.

In an exclusive interview with the Emirates News Agency (WAM) on the sidelines of ADIPEC 2023, Thomas unveiled Bapco Energies’ ambitious vision for the future. The company is actively transitioning from being a national oil company to positioning itself as a prominent player on the international energy stage.

Thomas revealed that Bapco Energies is working closely with the Government of Bahrain to shape the nation’s energy strategy. This strategic collaboration aims to diversify energy sources and propel the nation towards a sustainable energy future.

Elaborating on the specifics of Bapco Energies’ commitment to sustainability, Thomas emphasized the incorporation of various sustainable energy sources into their strategy. These include solar energy, small modular reactors within the nuclear sector, biomass, and other innovative technologies that are deemed fundamental to their roadmap.

“We firmly believe that sustainable energy sources are not merely an option but a necessity in our journey towards a greener and more sustainable future,” said Thomas. “By incorporating these diverse sources into our strategy, we aim to significantly reduce our carbon footprint while contributing to the broader global effort to combat climate change.”

Bapco Energies’ transition towards a low-carbon energy system aligns with the broader industry trend towards sustainability and clean energy. As the world grapples with the consequences of climate change, energy companies are increasingly being called upon to transform their operations and embrace eco-friendly practices.

Thomas highlighted that the company is leveraging its experience and expertise in the energy sector to drive the transition towards sustainable practices. He emphasized the importance of collaboration between the public and private sectors to achieve these ambitious sustainability goals.

“The energy landscape is evolving rapidly, and it is our responsibility to adapt and lead the way towards a more sustainable future,” noted Thomas. “We are not only investing in cutting-edge technologies but also fostering partnerships that will enable us to play a pivotal role in advancing the global energy transition.”

Bapco Energies’ commitment to sustainability is in line with the broader global shift towards renewable and low-carbon energy sources. The company recognizes that diversifying energy supplies and reducing reliance on traditional fossil fuels are key strategies in mitigating the environmental impact of energy production.

The inclusion of solar energy in Bapco Energies’ strategy underscores its dedication to harnessing the power of the sun to generate clean and renewable energy. Solar energy not only reduces greenhouse gas emissions but also provides a sustainable solution for energy production, especially in regions with abundant sunlight like Bahrain.

Furthermore, the consideration of small modular reactors in the nuclear sector demonstrates Bapco Energies’ interest in exploring advanced and efficient technologies that can provide a stable and sustainable energy source. These reactors offer enhanced safety features and are scalable to meet the energy demands of different regions.

Biomass, another vital component of Bapco Energies’ strategy, presents an eco-friendly approach to energy production. By utilizing organic materials such as agricultural and forestry residues, biomass can produce energy while also reducing waste and promoting sustainability.

As Bapco Energies embarks on this transformative journey towards a low-carbon energy system, it reaffirms its commitment to aligning with global efforts to combat climate change. The company’s collaboration with the Government of Bahrain demonstrates a shared vision for a sustainable and resilient energy future for the nation.

In conclusion, Bapco Energies, under the leadership of CEO Mark Thomas, is taking significant steps towards adopting a low-carbon energy system and transitioning into an international energy company. With a comprehensive strategy that incorporates solar energy, small modular reactors, biomass, and other sustainable sources, the company is poised to lead the way in addressing climate change and fostering a greener future for the energy industry and the planet as a whole.