ADIPEC identifies technology, collaboration, and government policy as key drivers of energy transition | Whuff News


ABU DHABI: ADIPEC 2022, the largest and most inclusive global energy forum, has introduced a dedicated Decarbonisation Zone this year to facilitate meaningful and inclusive dialogue and cooperation to address energy security, affordability and sustainability.

During a conference session titled ‘Decarbonising the downstream and petrochemical sector: ecosystem transformation for downstream players’, Vimal Kapur, President and COO, Honeywell said, “Forging ahead in the energy revolution, what we have done over the years – Past 100. Made four times faster.

“For this to happen, three important things are technology, collaboration and government policy. We have seen that when these factors come together, decarbonisation projects, such as sustainable aviation fuel (SAF), are quickly implemented. There are other similar opportunities such as monitoring carbon emissions and carbon sequestration that require a more comprehensive collaborative approach. “

Some of the best minds from energy markets around the world have gathered in Abu Dhabi to tackle the biggest energy and climate challenges we face today. At the Opening Act of ADIPEC yesterday, Dr. Sultan bin Ahmed Al Jaber, Minister of Industry and Advanced Technology and Managing Director and CEO of Abu Dhabi National Oil Company (ADNOC), called for “more energy, less emissions” and stressed that “The world needs all the energy solutions it can find: oil, gas , solar, wind, nuclear, and hydrogen”.

Suhail bin Mohammed Al Mazrouei, Minister of Energy and Infrastructure, emphasized the importance of changing energy sources, and reducing emissions, when discussing the ongoing work of the UAE to achieve Net Zero by 2050.

Decarbonisation of global energy production is key to achieving Net Zero by 2050. The introduction of a dedicated Decarbonisation Area and Conference at ADIPEC 2022 reflects this and provides a platform for global experts to share their views on the most innovative strategies and technologies.

Speakers focused on reducing methane have urged the industry to take urgent action. During the Decarbonisation Conference titled ‘Action to reduce leakage’, Frigyes Lestak, CEO of Flare2Valve, said, “We are working to solve the flaring fast. There are 140 bcm (billion cubic meters) burning per day. This can be enough to heat 50 million homes a year . Most flame retardant products are economical. You don’t need new technology. Don’t hesitate, do it now. We don’t have another few years.”

To accelerate the reduction of emissions in the industry, Peter Harding, Founder and CEO of Kelvin, said, “Be bold. It’s about being willing to try changes that may not work perfectly and put yourself in a safe place to make improvements. “

Harding said technology focused on analyzing the cause of methane leaks could lead to a 10 to 20 percent increase in production, while reducing methane emissions – making certain technologies economically compelling. Such technology also empowers engineers to be more effective. “

This area includes a platform for leaders in the sustainable energy system to discuss low carbon technologies, and to highlight the important role the oil and gas sector is playing in accelerating the transition from fossil fuels to clean energy sources.

Christopher Hudson, President of dmg events, the organizers of ADIPEC 2022, said, “The energy industry has an urgent need for collaboration on solutions that will make the ADIPEC sector. This takes a stand at ADIPEC this year with discussions on strategies, technology, innovation, supply and more. Together with leaders, policy makers, developers and suppliers across the value chain present at ADIPEC, I am confident in the outcome of effective solutions to advance the energy transition and a sustainable future.

Bart Cornelissen, Leader of Energy, Resources and Manufacturing at Deloitte, said, “The Middle East is playing a pioneering role in the energy transition, as it has a built-in advantage and is at the forefront of this journey. Major projects are taking place in the region to produce blue and green hydrogen, and the United Arab Emirates and Saudi Arabia are becoming exporters of hydrogen and blue ammonia by increasing their existing and downstream infrastructure.

“As oil and gas companies continue to pledge support for net-zero goals, their needs continue to grow when it comes to finding new ways to get there. We are present today at ADIPEC as part of our ongoing efforts to support these companies through this very difficult transition, sharing best practices that enable them to take opportunities and navigate risk as they navigate this transition,” he added.

Under the theme ‘The Future of Energy: Secure, Affordable and Sustainable’ the world’s leading energy event takes place a week before COP27 in Egypt, even as the UAE prepares to host COP28. ADIPEC enables the global energy industry to restart the energy transition debate, to ensure it is realistic, inclusive and equitable, as well as climate and sustainable.



Source link