Carbon dioxide (CO2) performs a delicate life-sustaining function on Earth but the dramatic increase in greenhouse gases since industrialization has emitted too much CO2 into our atmosphere. The circular carbon economy is an important concept toward managing the world’s excessive CO2 emissions.

Most economies discard raw materials as waste after use.

The circular economic system uses resources again and again.

A circular carbon economy is a framework for managing and reducing emissions. It is a closed loop system involving 4Rs: reduce, reuse, recycle, and remove.

Apex had adopted the circular carbon economy framework as a way to reduce their carbon footprints.

1) Reduce

Energy efficiency and flaring minimization are top actions toward mitigating climate change, as is fossil fuel reduction through substitution with lower carbon energy sources like renewable, hydropower, nuclear and bio energy.

2) Reuse

CO₂ has value and using innovative technologies to capture it means it can be reused as useful products, such as fuels, bio energy, chemicals, building materials, food and beverages.

3) Recycle

CO₂ is chemically transformed into new products such as fertilizer or cement, or other forms of energy such as synthetic fuels.

4) Remove

Using technology to capture and store CO₂ is an important way to achieve large-scale reduction of emissions, while increasing photosynthesis by planting flora also contributes toward reduction.

We believe the circular carbon economy is the best framework for achieving the greatest impact in reducing global emissions, while ensuring consistent economic growth.

We have undertaken a number of circular carbon economy initiatives.

We reduce CO2 emissions, enhance fuel efficiency, conserve water, and create next-generation materials that make consumer products greener.

We remove CO2 by capturing and injecting it into underground reservoirs.

We use artificial intelligence and big data, to reduce emissions by monitoring company energy consumption and optimizing operations, improving seismic processing and analysis, optimizing crude oil recovery methods, and enhancing oil well productivity.

Our upstream carbon intensity is already among the lowest in the industry.

We continue to innovate and explore effective carbon management solutions that minimize the environmental impact of our activities.