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Journal of the Australian Petroleum Production & Exploration Association (APPEA)

Scene Setter and Keynote Panelist: Pathway to a Low Carbon Future

Irtiza H Sayyed A
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A President, Asia Pacific, ExxonMobil Low Carbon Solutions

The APPEA Journal 63 -
Published: 2 June 2023


Few challenges are more important than meeting the world’s growing demand for energy and products that support modern life, while supporting society’s need to achieve net zero emissions by 2050. No single technology on its own can enable society to achieve its net-zero ambitions. Renewables, biofuels, energy efficiency, hydrogen, CCS are all necessary to achieve net-zero by 2050.

ExxonMobil has made a commitment for achieving net zero emissions from its operations by 2050. Since 2000, we have reduced and avoided 320 million metric tons of emissions through energy-efficiency initiatives and cogeneration projects. By 2030, we will achieve a 20 percent absolute reduction in corporate GHG emissions, (about 23 million metric tons), compared to 2016 levels.

We also intend to commercialise low-carbon technologies for deployment around the world, including carbon capture and storage (CCS), hydrogen and low-emission fuels. We see these technologies as the key enablers to reducing emissions from the highest-emitting sectors, such as heavy industry or commercial transportation. We have committed $17 billion in capex to low carbon solutions projects.

Governments will play a critical role in facilitating the development of markets for climate mitigation technologies, encouraging consumer behavior, and enabling the private sector to invest in the most effective technologies to meet demand. To achieve our 2050 goals, predictable, stable, cost-effective policies are necessary to incentivise the development and scalability of a wide range of low-carbon technologies across the economy.

To view the video, click on the link to the right.

Irtiza was appointed as the President for Asia Pacific for Low Carbon Solutions in July 2022. He is responsible for developing ExxonMobil's lower-emission portfolio in Asia Pacific with the objective of creating long-term shareholder value and support global emissions reduction efforts.

Irtiza is also the President for ExxonMobil Indonesia and he has held this role since 2020. Irtiza joined ExxonMobil in 2006 in Houston, Texas, and has held a variety of management positions within ExxonMobil, with having worked in Americas, Europe, Russia, Caspian, Middle East and Asia Pacific regions.

His area of primary expertise has been in business development and commercial structuring while also having held roles in ExxonMobil's Refining business, upstream production, corporate finance, strategic planning and mergers and acquisitions.

Prior to joining ExxonMobil, he worked in the industrial healthcare and banking sectors.

Irtiza holds a degree in Engineering and an MBA. He is married with two daughters. Irtiza enjoys spending time with family and playing golf.