Energy companies are under pressure to provide the world’s electricity without causing further damage to the environment. 

After a global reliance on fossil fuels, Andy Brown, CEO at Galp, insists that transformation is overdue. “Galp is transitioning from an integrated oil and gas company to an integrated energy company: we have this bold vision to completely change the company from where it has been to where it will be in the future.” 

The transition is happening at pace with existing approaches being used to fund the development of new infrastructure. Mr.Brown emphasises that the future will lean heavily into renewables. “Renewable energy will be the core of the new global energy system and we are going to be a big player in it.”

Galp’s Sines refinery was built in 1978 and has been evolving ever since, points out Sérgio Machado, head of hydrogen at Galp. “The energy transition needs hydrogen and Galp is set to be a world-class player in hydrogen and e-fuels.”

To achieve this, Carolina Pedrosa, sustainability specialist at Galp, says that the company has to be on the frontline when it comes to acting responsibly. “All these practices have been consistently recognised by key ESG indexes where we recently reached number one in the world in our industry.” Pedrosa added that Galp will reduce its emissions and the carbon intensity of the energy by 40% by 2030. 

“The future of Galp’s energy transition is a future of partnerships, innovation and regeneration of portfolio.” Carolina Pedrosa, sustainability specialist, Galp