Clean energy future trend

Mixed energy

Transitioning away from fossil fuel

Environmental social and governance (ESG)

The ongoing global energy transition cannot be effectively addressed by a singular energy source capable of fully replacing hydrocarbons while satisfying the entirety of global energy demand. The dominance of fossil fuels is destined to diminish, whether driven by environmental imperatives or stemming from depletion concerns. Projections indicate that hydrocarbon fuels may persist for another 4-5 decades. Consequently, the world will persist in employing a diverse array of energy sources to meet current and imminent demands...

Fossil fuels are expected to remain the primary energy source throughout the ongoing transition to renewable energy. This is due to the well-established and mature infrastructure of fossil fuels, which has been developed and proven effective over many decades. Currently representing approximately 70% of global energy consumption, fossil fuels have sparked discussions on whether they should be used until depletion or gradually replaced by greener fuel alternatives...

The December 2022 International Energy Agency (IEA) Oil Market Report, a globally recognized policy maker on the oil market, highlights a current upswing in oil consumption, with sustained increased demand projected in the immediate years ahead. This surge in demand has brought environmental, social, and governance (ESG) issues within the industry to the forefront, gaining rightful prominence in recent years...

Economic analysis

Around 97 million barrel/day of oil and 4.150 billion m3 of natural gas were consumed globally in 2022. This resulted in just over 18 Gt CO2 emissions, around half of total energy-related CO2 emissions. Recent momentum in deploying clean energy technologies means that oil and gas demand peak before 2030 in the Stated Policies Scenario (STEPS), but the declines after these peaks are not steep enough to achieve the world’s climate goals...

A Glimpse of COP28

In a momentous gathering, 198 nations have forged a united consensus in the UAE, signaling the inception of a transformative era. This groundbreaking alliance aims to chart a new course for the world—one that not only harmonizes with historical legacies but propels climate action forward. The culmination of these efforts manifests in a resolute commitment to transitioning away from all fossil fuels, heralding a paradigm shift with the potential to redefine the global economy. The ultimate goal is to maintain the crucial 1.5-degree threshold and achieve net-zero emissions by 2050...

Carbon footprint

Understanding the carbon footprint at every process step is crucial for identifying the most effective pathway towards decarbonization. By conducting detailed carbon footprint assessments at each stage of process operation, industries can pinpoint the key sources of emissions and prioritize decarbonization efforts accordingly. This approach allows for targeted interventions and the implementation of tailored decarbonization strategies that yield maximum mitigation at the emission hotspot. can reveal opportunities for efficiency improvements, renewable energy integration, and emissions reduction initiatives. A tool for comprehensive Carbon Footprint analysis, Crude/ Product Slate, and Emissions Trading in Refineries

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