The company has just announced an investment of 180 million euros until 2025 for research and development that will serve to support and validate solutions in the area of greener technology presented by the innovation ecosystem. This is an initiative through which Galp aims to involve the community in the co-creation of solutions that meet the challenge of making the world decarbonized by 2050.
According to Galp CEO Andy Brown, the initiative will involve startups, scaleups, academies, and even other companies.
"Galp has ambitious goals to drive the energy transition, we want to accelerate and build the future with a systematic and systemic collaborative approach, an approach that brings together cutting-edge technology and talent to help us achieve these ambitious goals," said Andy Brown, Galp's CEO.
According to Galp, the project will have multiple initiatives during 2022, including partnerships, educational programs, and acceleration programs and investment in emerging 'startups' that develop new digital and energy transformation solutions.
Andy Brown, revealed that, Galp has ambitious goals to drive the energy transition, as, "we want to accelerate and build the future with a systemic collaborative approach, one that brings together cutting-edge technology and talent to help us achieve these ambitious goals."
In turn, Galp's innovation director, Ana Casaca, believes that the initiative is not only aimed at financing climate adaptation projects, but also at monitoring them.
"We naturally have a very clear path to reach carbon neutrality by 2050. In this sense, we are opening the doors to be challenged by the community to, in a collaborative way, find solutions to reach 2050 with a decarbonized world", said Ana Casaca.
According to Galp, the project will be developed in Portugal and Brazil. By 2030, the Portuguese company aims to reduce absolute emissions from operations by 40%, the Carbon Intensity Index (based on production) by 40%, and the Carbon Intensity Index (based on sales) by 20%.