Our energy efficiency efforts seek to reduce energy consumption at Company facilities, design new facilities to be energy efficient, increase overall energy efficiency, and influence and promote energy efficiency at the national level. The Combined Heat and Power (CHP) program, and several other energy optimization initiatives, have steadily reduced energy intensity at Company facilities in Saudi Arabia. In 2020, the Company implemented more than 200 energy initiatives at its in-Kingdom facilities, resulting in 13.2 mboed energy savings.
Flare gas recovery
Aramco is a signatory to the World Bank's "Zero Routine Flaring by 2030" initiative and is committed to sharing best practices and knowledge in flaring minimization with peer companies. The Company's flare gas recovery systems, asset integrity, energy efficiency, and leak detection and repair programs help mitigate its carbon footprint.
Peak Summer Production Program
Our Peak Summer Production Program provides additional volumes of non-associated gas to reduce the use of liquids in power generation during the summer. In 2017, we displaced 11.5 million barrels of crude oil equivalent, freeing up higher value liquids while reducing emissions. We also continued our collaboration with the Saudi Energy Efficiency Program to promote energy efficiency practices through awareness campaigns.
Energy efficiency in power generation
Cogeneration, or combined heat and power systems, capture the heat from a plant's exhaust stream and convert it into useful thermal energy.
The benefits of cogeneration systems are significant: Less fuel is required to produce energy and because the energy is produced within the plant, energy is not lost in transmission over power lines. And because less fuel is burned, emissions are lower.