Session 4: Policy and Processes for Energy Transition
4:00 PM: Paving the way in building competitive Ref-Petchem complexes in the wave of the Energy Transition - Abdullah Al-Ossaimi, Manager Corporate Planning, KIPI
4:20 PM: Decarbonizing the Petrochemical Industry: Key areas to watch - Marisabel Dolan, Associate Director, Chemical Consulting, S&P Global Commodity Insights
Consensus continues building on the need of carbon capture, utilization, and storage (CCUS) technologies to meet climate targets. CCUS is the only group of technologies that can contribute to reducing emissions in key emitting sectors and to remove CO2 from the atmosphere to balance harder to avoid emissions. The CCUS market has experienced a significant increase in project announcements in the past two years, most of the CCU projects under development are planning to utilize CO2 for Enhance oil recovery, fuels and chemical are gaining momentum as the second largest potential utilization pathway for CCU projects but still are a small share of the market, despite the clear applications for CO2 utilization the market for CO2 sequestration is significantly bigger. This session will cover CCUS market trends and the implications for the chemical and fuel sectors.
4:40 PM: Carbon, Capture, Utilization, and Storage (CCUS) trends in chemicals and fuels applications - Paola Perez Pena, Principal Research Analyst, S&P Global Commodity Insights.
Consensus continues building on the need of carbon capture, utilization, and storage (CCUS) technologies to meet climate targets. CCUS is the only group of technologies that can contribute to reducing emissions in key emitting sectors and to remove CO2 from the atmosphere to balance harder to avoid emissions. The CCUS market has experienced a significant increase in project announcements in the past two years, most of the CCU projects under development are planning to utilize CO2 for Enhance oil recovery, fuels and chemical are gaining momentum as the second largest potential utilization pathway for CCU projects but still are a small share of the market, despite the clear applications for CO2 utilization the market for CO2 sequestration is significantly bigger. This session will cover CCUS market trends and the implications for the chemical and fuel sectors.
5:00 PM: Closing Remarks - Ravi Narayanaswamy, Vice President, Fuels, Chemicals and Resource Solutions (FCRS), S&P Global