2015 - CM&E-McKinsey4disruptiveTech-v2

40
Moderator Sam Samdani Knowledge Expert McKinsey & Company February 5, 2015 • Penn Club www.cmeacs.org Farren Isaacs Assistant Professor of Molecular, Cellular and Developmental Biology and Systems Biology at Yale University

Transcript of 2015 - CM&E-McKinsey4disruptiveTech-v2

Page 1: 2015 - CM&E-McKinsey4disruptiveTech-v2

Moderator

Sam SamdaniKnowledge Expert

McKinsey & Company

February 5, 2015 • Penn Club

www.cmeacs.org

Farren Isaacs Assistant Professor of

Molecular, Cellular and

Developmental Biology and

Systems Biology at Yale

University

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February 5, 2015 • Penn Club

www.cmeacs.org

Chris Krampitz Innovation and strategy at

Underwriters Laboratories (UL)

Digital Manufacturing

Technologies division

Mishele LesserProgram Director

The Multicultural Matrix

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February 5, 2015 • Penn Club

www.cmeacs.org

Miguel Mireles Business Development

Chemicals and Materials Grace

Matthews

Annual Leadership Awards™ Sponsors support CM&E STEM Programs

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Charles Tremblay –International Flavors &

Fragrances Creative Center

Director, NOAM Consumer

Fragrances, Global Home Care

Center of Excellence Director

March 5, 2015 • Penn Club

www.cmeacs.org

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Framing the discussion on

four disruptive technologies

Overview presentation by G. Sam Samdani

February 5th, 2015

Any use of this material without specific permission of McKinsey & Company is strictly prohibited

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McKinsey & Company | 5

Top technology trend “lists” everywhere

▪ By 2029, 11 petabytes of storage will be available for $100

▪ In the next 10 years, we will see a 20-time increase in home networking speeds.

▪ By 2013, wireless network traffic will reach 400 petabytes a month.

▪ By the end of 2010, there will be a billion transistors per human—each costing one ten-millionth of a cent.

▪ The Internet will evolve to perform instantaneous communication, regardless of distance.

▪ The first commercial quantum computer will be available by mid-2020.

▪ By 2020, a $1,000 personal computer will have the raw processing power of a human brain.

▪ By 2030, it will take a village of human brains to match a $1,000 computer.

▪ By 2050 (assuming a global population of 9 billion), $1,000 worth of computing power will equal the processing power of all human brains on earth.

▪ Today, we know 5 percent of what we will know in 50 years. In other words, in 50 years, 95 percent of what we will know will have been discovered

in the past 50 years.

▪ The world’s data will increase sixfold in each of the next two years, while corporate data will grow fiftyfold.

▪ By 2015, Google will index approximately 775 billion pages of content.

▪ By 2015, we will create the equivalent of 92.5 million Libraries of Congress in one year.

▪ By 2020 worldwide, the average person will maintain 130 terabytes of personal data (today it is ~128 gigabytes).

▪ By 2015, movie downloads and peer-to-peer file sharing will explode to 100 exabytes, equivalent to 5 million Libraries of Congress.

▪ By 2015, video calling will be pervasive, generating 400 exabytes of data—the equivalent of 20 million Libraries of Congress.

▪ By 2015, the phone, web, email, photos, and music will explode to generate 50 exabytes of data.

▪ Within two years, information on the Internet will double every 11 hours.

▪ By 2010, 35 billion devices will be connected to the Internet (nearly six devices per person on the planet).

▪ By 2020, there will be more devices than people online.

▪ With IPv6, there will be enough addresses for every star in the known universe to have 4.8 trillion addresses.

▪ By 2020, universal language translation will be commonplace in every device.

▪ In the next five years, any surface will become a display.

▪ By 2025, teleportation at the particle level will begin to occur.

▪ By 2030, artificial implants for the brain will take place.

Top 25 Technology Predictions

▪ Media tablets and beyond

▪ Mobile-centric applications and interfaces

▪ Contextual and social user experience

▪ Internet of Things

▪ App stores and marketplaces

▪ Next-generation analytics

▪ Big data

▪ In-memory computing

▪ Extreme low-energy servers

▪ Cloud computing

10 Disruptive Technologies for

Business Information

Management

▪ Big data revolution and energy-efficient computing

▪ Satellites and commercial applications of space

▪ Robotics and autonomous systems

▪ Life sciences, genomics and synthetic biology

▪ Regenerative medicine

▪ Agri-science

▪ Advanced materials and nano-technology

▪ Energy and its storage

Eight great technologies

▪ Gesture based interfaces: Controlling

computers without touching them

▪ Augmented reality: Fusing the real and the

virtual

▪ Compressed air batteries: The world’s most

cost-effective energy storage

▪ Autonomous electric vehicles: The end of cars

as we know them

▪ Ultra-cheap web devices: Five billion people

with internet access

The five most disruptive

technologies of 2012

▪ OnLine Electric Vehicles (OLEV)

▪ 3D printing and remote manufacturing

▪ Self-healing materials

▪ Energy-efficient water purification

▪ Carbon dioxide (CO2) conversion and use

▪ Enhanced nutrition to drive health at the molecular

level

▪ Remote sensing

▪ Precise drug delivery through nanoscale

engineering

▪ Organic electronics and photovoltaics

▪ Fourth-generation reactors and nuclear-waste

recycling

The top 10 emerging

technologies for 2013

▪ The Internet of Things

▪ Not just Big Data, but a zettaflood

▪ Wisdom of the cloud

▪ The next ‘Net’

▪ The world gets smaller

▪ The power of power

▪ Tea. Earl Grey. Hot (3D printing)

▪ Another family tree (Advanced robotics and virtual

‘avatars’)

▪ Yes, there's a cure for that (Medical technologies)

▪ Humans or Borg? (Augmented homo sapiens)

10 technologies that will

change the world in the next

10 years

▪ Electric clothes

▪ Adaptive cruise control

▪ Better bikes

▪ Predictive medical analysis in cars

▪ Planes made of carbon fiber

▪ Subway entertainment

▪ Better looking movies

▪ Teeth with sensors

▪ Smart disinfectants

▪ Gourmet frozen food

Innovations that will change

tomorrow

▪ Fighting the Power

▪ The Intelligent Home

▪ The Interface of You

▪ You’re the Doctor

▪ Technology that Knows You Better than You Know

Yourself

The Five Most Disruptive

Technologies at CES 2013

▪ Robots taking our jobs

▪ The Internet of machines

▪ Flatter organisations

▪ 3D printing

▪ Nano-technology

▪ Mobile apps redefining service industries

▪ The fight for control of the mobile

payments system

▪ Reinventing entertainment

▪ The fall and rise of social media

▪ Newspapers cease to exist

▪ Data rights become an issue

The top twenty business trends in 2020

▪ The DIY economy continues to rise

▪ A new education revolution

▪ Reskilling the workforce

▪ Older workers re-entering the

workforce

▪ Dealing with a society at retirement

age

▪ China moving up the value chain

▪ Rising incomes in South Asia and

Africa

▪ The great deleveraging

▪ Taming the Big Data tsunami

▪ Robotic moon base

▪ High speed rail link connecting China and Europe

▪ Autonomous and flying cars

▪ Biofuels competitive with fossil fuels

▪ Devices controlled by microchips implanted in humans

▪ Ultra-thin OLED screens

▪ Commercial space travel to the moon and asteroids

▪ $1,000 computer with the processing power of the human

brain

▪ Ubiquitous, mobile universal translation

▪ Augmented reality

▪ Synthetic brain

12 reasons 2020 will be an

awesome year

▪ Virtual Avatars

▪ Intelligence in Anything

▪ The Cloud to Become the Norm

▪ Connecting the Cloud With the Crowd

▪ Virtual Hospitals Thanks to Bio-Connectivity

▪ Ultra-Intelligent Electronic Agents

▪ New Image and Video Analysis Algorithms and

Tools

▪ Improved Call Sound Quality

▪ Digital Jewelry, e.g. Augmented Reality devices

9 Bold Predictions for the

Digital World of 2020

▪ Deep learning

▪ Temporary social media

▪ Prenatal DNA screening

▪ Additive manufacturing

▪ Baxter: The Blue Collared Robot

▪ Memory Implants

▪ Smart Watches

▪ Ultra-Efficient Solar Power

▪ Big Data from Cheap Phones

▪ Supergrids

10 breakthrough

technologies 2013

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Which disruptive

technologies

would you

put on your list?

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The McKinsey Global Institute has reviewed the economically disruptive

technologies to produce not a prediction, but a careful selection

Collect candidate

technologies

Screen list based on

potential for

economic disruption

(by 2025)

Develop detailed

perspective on final

technologies

▪ Initial list built up,

through various

sources:

– Media

– Academic

intelligence

– Business

intelligence

▪ Reviewed by

external experts

(technologists and

economists) +

McKinsey experts

▪ Technology breakthrough

or rapid advancement

(cost/performance/capability)

▪ Scope of impact (people,

companies, sectors, etc.)

▪ Scale of economics at

stake (cost, capital spend,

GDP, etc.)

▪ Disruptive potential (e.g. to

value chains, industry

structures, profit pools)

▪ Nature and size of

potential economic

impact / disruption

▪ Implications for

major stakeholder

groups

– Companies

– Employees

– Entrepreneurs

– Consumers

– Governments

– Society

SOURCE: McKinsey Global Institute analysis;

http://www.mckinsey.com/insights/business_technology/disruptive_technologies

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MGI’s disruptive dozen

SOURCE: McKinsey Global Institute analysis

Renewable energy

Generation of electricity from renewable

sources with reduced harmful climate impact

5

Energy storage

Devices or systems that store energy for

later use, including batteries

6

Mobile Internet

Increasingly inexpensive and capable mobile

computing devices and Internet connectivity

7

Automation of knowledge work

Intelligent software systems that can perform

knowledge work tasks involving unstructured

commands and subtle judgments

8

The Internet of Things

Networks of low-cost sensors and actuators

for data collection, monitoring, decision

making, and process optimization

9

Cloud technology

Use of computer hardware and software

resources delivered over a network or the

Internet, often as a service

10

Advanced robotics

Increasingly capable robots with enhanced

senses, dexterity, and intelligence used to

automate tasks or augment humans

11

Autonomous and

near-autonomous vehicles

Vehicles that can navigate and operate with

reduced or no human intervention

12

Today’s focus

Not discussed

today

Impacts

chemicals/

materials

directly

Other technologies might be considered as disruptive as well, e.g.,

printed electronics, quantum computing, advanced water purification,

carbon capture & sequestration (but did not make it on the final list)

3D printing

Additive manufacturing techniques to create

objects by printing layers of material based

on digital models

3

Advanced materials

Materials designed to have superior

characteristics (e.g., strength, weight,

conductivity) or functionality

2

Advanced oil and gas exploration and

recovery

Exploration and recovery techniques that

make extraction of unconventional oil and

gas economical

1

Next-generation genomics

Fast, low-cost gene sequencing, advanced

big data analytics, and synthetic biology

(“writing” DNA)

4

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The correlation between hype about a technology and its potential

economic impact is not clear

SOURCE: Factiva; McKinsey Global Institute analysis

100

1,000

10,000

100,000

100 1,000 10,000

Media attentionNumber of relevant articles in major general interest and business publications over 1 year (log scale)

Potential economic impact across sized applications$ billion (log scale)

Mobile

Internet

Automation of

knowledge work

The Internet of Things

Cloud technology

Advanced

robotics

Autonomous and

near-autonomous

vehiclesNext-

generation

genomics

Energy

storage

3D printingAdvanced

materials

Advanced oil and

gas exploration

and recovery

Renewable

energy

NOTE: Estimates of potential economic impact are for only some applications and is not a comprehensive estimate of total potential impact. Estimates

include consumer surplus and cannot be related to potential company revenue, market size, or GDP impact. We do not size possible surplus shifts

among companies and industries, or between companies and consumers. These estimates are not risk- or probability-adjusted.

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Estimated potential economic impact

of technologies from sized applications

in 2025, including consumer surplus

SOURCE: McKinsey Global Institute analysis

Range of sized potential

economic impacts

Impact from other

potential applications

(not sized)Low High

X–Y

$ trillion, annual

Renewable energy 0.2–0.3

Advanced oil and gas

exploration and recovery0.1–0.5

Advanced materials 0.2–0.5

3D printing 0.2–0.6

Energy storage 0.1–0.6

Next-generation

genomics0.7–1.6

Autonomous and near-

autonomous vehicles0.2–1.9

Advanced robotics 1.7–4.5

Cloud technology 1.7–6.2

Internet of Things 2.7–6.2

Automation of

knowledge work5.2–6.7

Mobile Internet 3.7–10.8

Notes on sizing

▪ These estimates of economic impact are

not comprehensive and include

potential direct impact of sized

applications only.

▪ These estimates do not represent GDP

or market size (revenue), but rather

economic potential, including

consumer surplus.

▪ Relative sizes of technology categories

shown here cannot be considered a

“ranking” because our sizing is not

comprehensive.

▪ We do not quantify the split or

transfer of surplus among or across

companies or consumers. Such

transfers would depend on future

competitive dynamics and business

models.

▪ These estimates are not directly

additive due to partially overlapping

applications and/or value drivers across

technologies.

▪ These estimates are not fully risk- or

probability-adjusted.

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Each selected technology can also be assessed across three dimensions

for potential impact on chemicals and advanced materials

SOURCE: McKinsey team analysis

Market growth

▪ Potential to grow at an accelerated pace to a multiple

of the current market size under certain circumstances

▪ But often “binary” outcome: “explosive market growth

in double digit percentage points” or – if fails or delayed

– “attractive growth slightly above GDP”

I

Technology

landscape

▪ Potential to require new chemical/materials

technologies and solutions in order to succeed or more

massively penetrate

▪ Potential to replace current technologies completely

II

Business

models/value

chain

▪ Potential for new business models to extract more

value or shift value from other value-chain steps

▪ Potential to make current value chain steps obsoleteIII

Description

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Digitally enabled technologies tend to follow an exponential growth

trajectory (a la Moore’s law), making the linear view misleading

SOURCE: Ray Kurzweil, developer of the concept of “The Law of Accelerating Returns” (aka the S-curve) in

digital/disruptive technology evolution

Why it’s important to appreciate exponentiality

▪ Confusing linear with exponential perspective is the

most frequent mistake that prognosticators make in

considering future trends

▪ Most people tend to hold a linear view of the future;

that’s why we tend to:

– Overestimate what can be achieved in the short term

(because we tend to leave out necessary details)

– Underestimate what can be achieved in the long term

(because exponential growth is ignored)

▪ Case in point: Most biochemists in 1990 were skeptical of

the goal of transcribing the entire human genome in a

mere fifteen years

– These scientists had just spent an entire year

transcribing a mere one ten-thousandth of the

genome

– Even with reasonable anticipated advances, it seemed

natural to them that it would take a century, if not

longer, before the entire genome could be sequenced

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Over the past 200 years, the world has experienced unprecedented

acceleration in economic growth fueled by several disruptive technologies

100

1,000

10,000

1600500 1800 18501750 1900 20001950150100 170016501550200 250

Estimated global GDP per capita

$

1450

Efficient

steam

engine

1769

Mass-

produced

steel

1855

Internal

combustion

engine

Internet

Today

Technology

advancements

First

steam

engine

1698 1860 1970s

Printing

press

First Industrial

Revolution

1760s to 1840s

Second

Industrial

Revolution

1860s to 1920s

SOURCE: Angus Maddison, “Statistics on World Population, GDP and Per Capita GDP, 1–2008 AD,” the Maddison

Project database; McKinsey Global Institute analysis

Thanks to the exponential growth trajectory [of

many disruptive technologies], we won’t

experience merely 100 years of progress in the

21st century; it will be more like 20,000 years

of progress (at year 2000 rate).

- Ray Kurzweil, Director of Engineering, Google

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How disruptive are the four technologies we’ve picked in terms of their

capacity for driving growth, technology and value chain disruption?

Low Medium High

High

Medium

Low

Graphene/

CNT

Next

generation

genomics

3D printing

Capacity to

disrupt –

technology

landscape

II

Capacity to disrupt – Business models/

value chain

III

Potential market

impact –

demand

growth/shift in

chemicals and

advanced

materials

I

ONE TEAM’S INITIAL

POINT OF VIEW

Advanced oil &

gas exploration

and recovery

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Introducing our distinguished panel

• Farren Isaacs is assistant professor of Molecular, Cellular and Developmental Biology

and Systems Biology at Yale University. His research is focused on finding ways to

construct new genetic codes and reprogrammable cells that serve as factories for

chemical, drug and biofuel production. As a research fellow in genetics at Harvard, he

invented enabling technologies for genome engineering. He received a B.S.E in

Bioengineering from the University of Pennsylvania and Ph.D. in Biomedical Engineering-

Bioinformatics at Boston University.

• Chris Krampitz has over 20 years of experience innovating manufacturing and materials

sciences. He leads innovation and strategy at Underwriter Laboratories (UL) Digital

Manufacturing Technologies division. He was a research engineer and technology

advisor in the oil & gas and manufacturing industries. Chris earned an MBA/PhD from The

University of Chicago Booth School of Business. He holds a B.S. in Chemical Engineering

from Texas A&M University.

• Miguel Mireles develops business in chemicals and materials at Grace Matthews on

select buy and sellside engagements. Mireles was a VP and Head of Business

Development at Xolve, a venture company that disperses graphene and other

nanocarbons into thermoplastics and thermosets for a variety of automotive, industrial

and consumer applications. He worked in fundraising and IP strategy. He holds a B.S. in

Chemical Engineering (Texas Tech University), an M.B.A. (University of

WisconsinMadison), and a Juris Doctorate (U. of Wisconsin Law School).

• Mishele Lesser was mightily inspired by the completion of the Human Genome Project in

2003 and has been an information designer and visual learning specialist exploring

human evolution, genomics, culture, and identity ever since. As The Multicultural

Matrix program director, for 15 years, she has pioneered STEAM (science, technology,

engineering, art and mathematics) programs in 50 schools in GA, MA and NY. Lesser

holds an MFA from Pratt Institute (NY), an MA from Savannah College of Art and Design

(GA), and a BA from Hampshire College (Amherst, MA).

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What are the commonly held beliefs that happen to be contrary to the

reality or promise of disruptive technology X today?

SOURCE: Ray Kurzweil, The Singularity is Near: When Humans Transcend Biology (2005)

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What are the three things disruptive technology X could do to render certain

existing products/services obsolete or redundant?

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Do you see any clear winners, e.g., companies or business models,

emerging with disruptive technology X today?

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What are some of the ways combinations of several disruptive

technologies could create something truly exciting?

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What are the biggest barriers to adoption you hear about when talking to

potential users/customers of disruptive technology X?

Competitive

economicsEnvironmental

regulationsPublic trust

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Price of natural gas has been somewhat more stable than that for crude oil

in recent months and years

SOURCE: CMAI/IHS Chemical; team analysis

0

20

40

60

80

100

120

Jun-

2014

May-

2014

Apr-

2014

Mar-

2014

Feb-

2014

Jan-

2014

Dec-

2014

Nov-

2014

Oct-

2014

Sep-

2014

Aug-

2014

Jul-

2014

Jan-

2015

Monthly crude oil price, WTI (NYMEX)

USD/barrel

0

1

2

3

4

5

6

Aug-

2014

Nov-

2014

Oct-

2014

Jul-

2014

Mar-

2014

Apr-

2014

Feb-

2014

Jan-

2014

Jun-

2014

May-

2014

Sep-

2014

Dec-

2014

Jan-

2015

Monthly US natural gas price, contract burner tip

USD/million BTU

0

20

40

60

80

100

2005 201020092008 2012 2014 201520132011 2016F20072006

Annual average crude oil price, WTI (NYMEX)

USD/barrel

0

2

4

6

8

10

2011 20132005 2016F20152010 20142012200920072006 2008

Annual avg US natural gas price, contract burner tip

USD/million BTU

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There are primarily three market scenarios for balancing global demand

and supply for crude oil

SOURCE: McKinsey Energy Insights Global Liquids Supply Model

What do you have to believe for these

prices to stay?

Sustained

price range

Spare capacity

MMbbl/d

Loosening $60-80/

barrel

▪ OPEC will be unwilling or unable to maintain a

cut in production

▪ Technology will push down breakeven costs for

new production (e.g., oil sands, ultra-deepwater)

▪ Weak global economy drives soft demand

9 – 14

Balanced$90-

110/

barrel

▪ OPEC continues managing pricing through

supply (most of the spare capacity still in the

hands of Saudi Arabia)

▪ Demand has adjusted expectations to these

“high” oil prices

4 – 6

Tightening$120-

140/

barrel

▪ Additional production (or alternative sources) will

not be able to ramp up quickly

▪ Demand destruction is not significant or longer

term

0 – 1

Price ranges provided are for sustained levels; market volatility may

result in oil prices moving outside the indicated range for short periods

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While starting in North America, the boom of unconventionals and new

conventionals will continue to create new opportunities in other regions

SOURCE: McKinsey oil and gas practice; Expert interviews

1 Flags based on most advanced basins in China (Sichuan basin) and Australia (Cooper basin). Other basins are still at the land acquisition stage

2 Measured as global value of fracturing chemical formulations 2012 3 Measured as share of EOR projects 2012

Country evolution on unconventional s-curve (Case example: fracturing)

USD/ Acre

‘Land acquisition’ ‘Commercial pilot’ ‘Development’‘De-risking’

US

Canada

1

UK

Argentina - rest

Australia

China

Poland

Ukraine

Mexico

1

Algeria

Brazil

Indonesia

Russia

Argentina-

Neuquén basin

Colombia

Chile

France

Romania

VenezuelaCurrently, most disruptions

happen in North America, e.g.,

▪ ~95% of global fracturing

activity2

▪ ~67% of global EOR activity3

…but within the next decade

further strong penetration in

other regions is expected

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4.9

6.5

0.2

-0.2

10.3

CAGR,

2011-20

Percent

SOURCE: Rystad Ucube 2011, McKinsey

Conventional

gas

Conventional

oil

Deepwater

oil

Unconventional

oil

Unconventional

gas

2020

155.7

71.7

46.5

11.4

45.8

6.5

5.2

8.9

7.3

16.79

4.8

13.6

2011

138.9

12.5

72.7

4.9

Key growth countries

▪ US, Canada, China

▪ US, Canada

▪ US, Nigeria, Brazil, Angola

Overall outlook on unconventional fossil fuel production is positive but

does not show ‘disruptive explosion’ in terms of growth rates

Global fossil fuel production

Mboe/d

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There are several approaches to separating the hype from reality for the

shale gas and oil revolution

Well typeA

Well life

cycleB

Value

chain

step

COil

Gas

Conventional Unconventional

Drilling &

cementing

Stimulation

Production

1-6 months

1-6 months

2-30+ years

Chemi-

cals

Formu-

lation

Oilfield

services

(OFSE)

Oilfield

opera-

tors

RegionD

Drilling chem.Fracturing chem.

Asia/Pac.

9MEA19

Europe

& CIS

17

LATAM

12

US & CA

43

RoW

5

US &

CA

95

▪ Yes, shale gas and “shale oil” (light tight oil=LTO)

are the most important disruptions …

▪ … but we cover all other sources as well; and – if

you didn’t know – there is also EOR1 and offshore

▪ Yes, this is relevant for major players in basic and

specialty chemicals …

▪ … but also for formulators, OFSEs and oilfield

operators

▪ Yes, of course we look deeply into fracturing and

fracking chemicals …

▪ … but we also cover the rest of stimulation as well

as drilling & cementing, and production

▪ Yes, currently fracking is a US story …

▪ … but over the next 5-10 years it will become

commercial in other regions; also, drilling &

cementing, and production are already highly

relevant in other regions today

1 Enhanced oil recovery

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The well life cycle of drilling & cementing, stimulation and production are

most relevant for chemicals – strongest disruption in stimulation & EOR

SOURCE: IHS Chemical

1-6 months

2-30+ years

Well life-

cycle time

Months to

years

▪ Newly

fractured well

count

▪ Frac stages

▪ Production

well count

▪ Oil and gas

production

Key players

1 Includes continuous water treatment and EOR activities 2 OFSE = Oilfield service & equipment company 3 Unconventionals often require more drilling efforts & number of rigs is higher

Key driver of

consumption

1-6 months

1-6 months

Oil field

operators

OFSEs2

OFSEs2

Oil field

operators

OFSEs2

Global O&G field chemicalsMost relevant for chemicals

Production1

Exploration

Field

abandon-

ment

Drilling & cementing

Stimulation

• Acidizing

• Fracturing

Market size

2014, USD bn

CAGR

2014-19

Included in drilling and

cementing

18.1

33.4

6.0

57.5

3.3%

4.0%

3.5%

▪ Rig count

▪ Abandoned

well count

3.4%

North America

= 5.5%

Included in production

▪ Rig count

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What are the three questions about disruptive technology X that no

one is asking but should?

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McKinsey & Company | 28

Now with the benefit of the panel discussion, how disruptive

do you think are the four technologies?

Low Medium High

High

Medium

Low

Graphene1

Advanced oil &

gas exploration

and recovery

Next

generation

genomics

3D

printing

Capacity to

disrupt –

technology

landscape

II

Capacity to disrupt – Business models/

value chain

III

Potential

market impact –

demand

growth/shift in

chemicals and

advanced

materials

I

FOR DISCUSSION

Potential

reassessment

after panel

discussion

1 Positive, disruptive market outlook not considered likely for CNTs

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McKinsey & Company | 29

Thank you!

Dr. G. Sam Samdani

Phone +1-973-549-6605

MGI

report

[email protected]

http://www.mckinsey.com/insights/business_technology/disruptive_technologies

E-mail

Page 31: 2015 - CM&E-McKinsey4disruptiveTech-v2

February 5, 2015 • Penn Club

Panel discussion. From left: Sam Samdani, Miguel Mireles, Chris

Krampitz and Farren Isaacs

www.cmeacs.org

Page 32: 2015 - CM&E-McKinsey4disruptiveTech-v2

February 5, 2015 • Penn Club

The elegant Tarnopol Room of the New York Penn Club, a historic

clubhouse landmark at the core of New York City.

www.cmeacs.org

Page 33: 2015 - CM&E-McKinsey4disruptiveTech-v2

February 5, 2015 • Penn Club

CM&E STEM Supporters from Elsevier’s Segment Marketing. From

left: Christina Valimaki, Director, and Ijeoma Mbamalu, Sr. Manager.

www.cmeacs.org

Page 34: 2015 - CM&E-McKinsey4disruptiveTech-v2

Anahit StepanyanB.S. Student

Chemistry

NYU

Est. Graduation Year

2016

Anna PowersPh.D. Student

Chemistry

NYU

Est. Graduation Year

2015

Debra RookerPh.D. Student,

Chemistry

NYU

Est. Graduation Year

2017

Allegra MondilloB.S. Student

Chemistry

NYU

Est. Graduation Year

2015

www.cmeacs.org

Page 35: 2015 - CM&E-McKinsey4disruptiveTech-v2

Pamela Penawou

Chemistry Freshman

NYU

Welcome Pamela. She is

CM&E’s new Student Volunteer.

Xiao ZhongPh.D. Student Chemistry, NYU

Graduation Year 2015

Congratulations to Xiao for

getting a summer internship at

Evonik Inc. in Piscataway, NJ.

www.cmeacs.org

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All Sponsors logos and trademarks above are the sole property of each Sponsor and their use here

does not imply auditing by or endorsement of them or any of their member firms.

Sponsors

KPMG

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www.cmeacs.org

In Association with

© 2014 CM&E ACS New York. All rights reserved.

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TM

© 2015 CM&E ACS New York. All rights reserved.