|Policy status:||In Force|
|Energy Efficiency Policy Targets:||Energy Utilities|
|Energy Efficiency Description:|
State-owned corporations account for a large portion of energy-efficient market activity. Both Saudi Aramco and the manufacturing company, SABIC, have set formal energy efficiency targets and are working with the SEEC to achieve these goals. SABIC has set a target to reduce energy intensity by 25% by 2025. SABIC is looking at system-wide efficiency improvements through energy management systems, process optimisation and heat recovery.
Saudi Aramco, the world’s largest oil company, is also keenly interested in energy efficiency improvements and has signed up to the corporate Energy Conservation Policy with the goal of reducing its energy intensity by 2% per year. Between 2012 and 2013 Saudi Aramco reduced its energy intensity by 4.6%. Since implementing its energy management programme in 2000, its investments in energy efficiency have saved 150 ktoe of energy consumption (Saudi Aramco, 2013). The company has conducted over 40 energy assessment studies and has implemented over 350 recommendations from those studies.
In its “Lead by Example” programme, Saudi Aramco has set a target of an improvement of 35% in efficiency for all non-industrial energy uses at the company by 2020. These efficiency improvements will be made in commercial buildings, on its employee residential campuses and among its transportation fleet. Efforts are underway to update building standards for all its residential campuses, to install smart meters and to improve water heating insulation. All commercial buildings will have LED and CFL bulbs, upgraded HVAC systems and fuel-efficient vehicles.
Last modified: Fri, 25 Sep 2015 17:13:47 CEST