The transition to a low-carbon economy poses challenges for all energy companies, but particularly for refiners, which must not only reduce their own carbon footprint but also serve as a catalyst to help others reduce theirs.
As refiners pursue low-carbon solutions, they will adopt new processes and capabilities, such as the direct hydrogenation of bio streams, and eventually waste streams, at the refinery; the development of low-emission fuels; the production of green hydrogen for use as fuel; the use of residual heat for residential applications; and the effective implementation of carbon capture and storage.
Leaders will do more than simply comply with environmental regulations - they will tap their best talent and resources to guide their companies and their customers to a low-carbon economy.
Digital appears as both an opportunity and a threat, with promises of optimized production, safer and more reliable work environments, transparent supply chains and more efficient back-office functions.
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