COMPANY STRATEGY

Nurikon Oil, LLP aims to bring solutions to the concerns of a changing world and climate change.

Nurikon Oil, LLP plans to become carbon neutral by 2050 and transform into an integrated supplier of sustainable fuels, chemicals, and materials with a strong emphasis on circular economy solutions. As a result, by the middle of this century, we must have reduced greenhouse gas emissions to zero. This problem is centered on the energy sector. As oil and gas play a smaller part in the global economy, securing a reliable and affordable energy supply will remain a top issue.

We must transition to alternate and sustainable feedstocks in order to establish a greener and smarter mobility system. Due to rigorous rules and consumer behavior, biofuel demand in Europe and Asia is predicted to nearly treble by the end of this decade. Chemical and material demand will continue to expand, driven by global population expansion, rising affluence, and rising living standards. Many of the devices we use on a daily basis, such as computers and cellphones, are made of high-performance plastics.

The plan takes into account developments in Nurikon Oil, LLP asset portfolio, such as the development of the petrochemical sector and the separation of Nurikon Oil, LLP into a distinct national corporation, as well as the global trend of clean energy transition and carbon control. The Company recognizes the importance of its impact on the economy, ecology, and society, and will continue to incorporate sustainable development principles into key business processes to ensure that economic, environmental, and social priorities, as well as corporate governance objectives, are consistent.The Company’s growth will be ensured over the next ten years by expanding its resource base, boosting the efficiency of present production, developing new processing, introducing modern technologies, and reducing its carbon footprint.