Turkish energy firm Tüpraş has committed to reduce its carbon emissions by 27% by 2030 compared to 2017, and to become carbon neutral by 2050, focusing on energy efficiency and expanding into new areas. The company plans to dedicate a large part of its investments to new energy sources such as sustainable aviation fuels, green hydrogen and zero-carbon electricity.

"We are transforming to contribute to a more sustainable world while producing the energy of the future. Going forward, we aspire to become a key player in alternative energy generation as well, while reducing carbon emissions from refinery operations," said Tüpraş General Manager İbrahim Yelmenoğlu. "Our ambition is to strengthen our position as Turkey's largest industrial company by producing different types of energy with an integrated and carbon-neutral business model and lead our country’s clean energy transformation."

According to its Strategic Transformation Plan, Tüpraş aims to lead the transformation of Turkey's energy industry through investments in new areas to support its sustainability while managing existing assets to achieve sustainable profitability growth. Additionally, Along with a balanced and diversified clean energy portfolio, Tüpraş aims to become a carbon-neutral company by reducing its emissions.

Energy to the Future: We will lead the transition of Turkish energy sector towards clean energy   

"Energy to the Future" is the motto of the new strategic plan which strives for a sustainable world and the balance of life. Tüpraş aims to fund this transformation by improving existing operations through investments in efficiency and in production of higher value-added streams. The company initially plans to allocate majority of its new energy investments to zero-carbon power required to establish an integrated business model with green hydrogen generation, and rest of its investments on biofuels and electrolysis plants.
 
Tüpraş commits to reduce its Scope 1 and 2 emissions initially by 27% by 2030 and 35% by 2035, compared to 2017 base year. As of 2050, the company aims to become a carbon-neutral energy company.