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Adipec, the world’s most influential gathering of energy industry professionals, will this year launch the Decarbonization Zone, a new addition that reflects the energy industry’s growing need for decarbonization strategies.
A press release from Adipec said the region will serve as a forum for energy ecosystem leaders to discuss low-carbon technologies and the important role the oil and gas industry plays in accelerating the transition from fossil fuels to cleaner forms of energy.
Achieving net-zero emissions targets will require a fundamental transformation of the energy sector, with CCUS, hydrogen, methane reduction and new technologies playing a central role in this process.
limit global warming
Global energy decarbonization will be central to limiting average global warming to net-zero emissions by 2050. The decarbonization zone will be at the center of the conversation, with the most influential energy suppliers reinforcing their strategies and discussing the path to decarbonization with low-carbon technologies as they navigate.
“Leaders in the industry understand that decarbonization is critical. Getting there means starting now. Achieving net zero requires genuine collaboration and systemic change. There is no better place than Adipec to enable the world’s energy at every level Buyers and producers are engaged with the solutions necessary for timely success,” said Mark Brownstein, senior vice president of the Energy Transition Environmental Protection Fund.
The Decarbonization Conference, held at the Decarbonization Theater in November, is an event that attracts experts from around the world to share their insights on the most innovative strategies and technologies around 4 key themes for the industry: methane, hydrogen, carbon capture, utilization and storage (CCUS) and new energy.
Technology Demonstration
The Decarbonization Conference will include a series of interviews and technical presentations from leading industry innovators and solution providers.
The conference will promote conferences aimed at delivering the latest innovations, enabling all stakeholders to meet the growing demand for green solutions, attracting strategic partnerships and cross-industry engagement, establishing financing mechanisms, and translating innovative ideas into practical solutions , to lead the clean energy future.
reduce methane emissions
One of the most significant opportunities to reduce the GHG footprint of the oil and gas sector includes reducing methane emissions. Methane emission efficiency may be economical for natural gas producers, and most methane emissions are profitable or cost-neutral and can be reduced.
Additionally, methane emissions can be eradicated or minimized by applying a range of common-sense practices, such as preventing emissions during natural gas exploration and production, prohibiting flaring, avoiding fugitive emissions from valve and compressor stations, and ensuring that flaring is incomplete .
Hydrogen Commitment
According to the Hydrogen Council, hydrogen could provide the lowest-cost decarbonization solution for more than 20% of final energy demand by 2050, resulting in a cumulative reduction of 80 gigatonnes of carbon dioxide.
Hydrogen produced from renewable electricity is a promising fuel due to its high energy density, high conversion efficiency, storage potential, and clean fuel advantages. Hydrogen thus plays a key role in the global energy transition, helping to diversify global energy sources, boosting business and technological innovation as a driver of long-term economic growth, and decarbonizing industries that are hard to cut emissions.
carbon capture technology
Carbon capture technology (CCUS) technologies provide significant strategic value in the transition to net zero. CCUS can generate negative emissions by combining with bioenergy or direct air capture.
As CCUS costs fall and new business models emerge that can improve CCUS’s financial viability, the next decade will be critical for expanding investment in CCUS development and deployment.
new energy
The energy transition is characterized by a shift from fossil fuels to cleaner energy sources, mainly renewable energy sources. According to the International Energy Agency, a new energy economy is emerging, driven by policy action, technological innovation and the increasingly urgent need to combat climate change.
Many oil and gas companies have set net-zero carbon emissions targets and are exploring strategies and investments in wind, solar, biofuels and electric vehicles to position themselves as broader energy providers accepting to be diversified Ideas for energy companies. — arab trade news agency
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