Asset Buyout Partners Annual Report 2020

High concentration of leading industrial companies clustered together, coupled with strategic locations, make energy and maritime clusters ideal for exploring circular economy initiatives. Solutions where one company’s waste, becomes and other company’s resource is an exciting opportunity going forward. ABP works actively to promote more sustainable and circular operating models together with the Company’s customers. ABP is also actively pursuing alternative industry utilization for tomorrow, including more focus on renewable energy and aquaculture, to name a few. The Company’s largest asset is the Mongstad supply base, the largest supply base port in Norway and a vital part of Mongstad Industrial Park. In 2019, ABP has launched “Greenspot Mongstad”, a collaboration between the largest commercial stakeholders at Mongstad Industrial Park and local and national authorities to lay the foundation and attract new projects for sustainable industrial development at Mongstad. Current stakeholders involved in this together with ABP include Equinor, Alver Municipality, and Technology Centre Mongstad, the world’s largest technology center for development and testing of CO2 capture technologies. The Greenspot Mongstad collaboration has identified several specific business opportunities related to inter alia production of hydrogen, onshore wind, aquaculture and CO2 capture technolo- gies. As an example Equinor, the local utility company BKK and Air Liquide has established a consortium to build a plant for production of hydrogen from renewable energy sources (electrolysis to produce green hydrogen), and with ABP to build related infrastructure for shore to ship fueling services at Mongstad supply base. In addition, ABP has further developed plans to establish land-based salmon farming at Mongstad, utilizing the benefits of close proximity to the contemplated plant for production of hydrogen and the Equinor refinery. Circular economy and cost reductions are achieved by the possibility to access oxygen and waste heat that are biproducts from these plants, as input factors in the production of salmon. Going forward, the Company will continue seek additional oppor- tunities to leverage the Group’s existing and new assets to promote and nurture alternative use and sustainability, thereby diversifying the Group’s asset exposure and acting as an enabler for the efficient technology transfer to new industries. This includes transferring existing knowledge and technology to help facilitate the energy transition. To keep control of ABP’s own greenhouse gas emissions, Cemasys has produced a carbon accounting report for 2020. Business travels contribute to almost 95 % of the total emissions and a total of 16.7 tons of CO2 equivalents. In addition to reduce emissions, the Company will look to reduce costs and save time by always considering digital meeting solutions as alternatives to business travel and physical meetings. Through the COVID-19 pandemic, ABP has had positive experiences from digital communications in general and expects this trend to continue contributing to reduced business travel going forward. In addition, ABP will continue to operate its own offices in an energy efficient manner. The Company’s ambition is to be a preferred landlord in the industrial real estate and infrastructure segment of the property market and to add value and facilitate for sustainable solutions for ABP’s customers. ABP aims to assess its properties and activities in line with EU taxonomy for sustainable activities, and the Company works rigorously with its customers and tenants to further develop its structured approach to ensuring that the Group’s real estate portfolio is managed in the most efficient and sustainable way. Finally, ABP places strict requirements on subcontractors that carry out maintenance or construction work for on the Group’s property portfolio. Subcontractors must satisfy requirements related to quality and HSE and have to have adequate routines in place for sustainable waste management. ABP pre-qualifies and performs regular audits of its subcontractors. Facilitate green technology and circular solutions Asset Buyout Partners | Annual Report 2020 8