The Refining Industry Strategy Mid-Century Strategy and … · 2018. 4. 26. · John Cooper...
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John Cooper – Director General The Refining Industry Strategy Mid-Century Strategy and Transition for Liquid Fuels An Industrial Opportunity Brussels, 25 th April, 2018 Eighth high-level meeting of the EU Refining Forum
Transcript of The Refining Industry Strategy Mid-Century Strategy and … · 2018. 4. 26. · John Cooper...
John Cooper – Director General
The Refining Industry Strategy Mid-Century Strategy and Transition for Liquid Fuels
An Industrial Opportunity
Brussels, 25th April, 2018Eighth high-level meeting of the EU Refining Forum
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FuelsEurope represents 41 Member Companies ≈ 100% of EU Refining
Change in world oil demand by sector in the New Policies Scenario of IEA WEO 2017
Page 3IEA WEO 2017
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The answer: low carbon liquid fuels and products
Non-energy use (e.g. chemical feedstock)
Aviation/ Marine
Heavy road transport
Light duty vehicles
Heat
Renewable Hydrocarbonsnecessary in the long term
Renewable Hydrocarbons:
technology-option in
competition with other
options
Use of oil products/hydrocarbons In Germany 2016
Aviation and energy storage
(1) http://www.latimes.com/business/la-fi-electric-aircraft-20160830-snap-story.html
Jet fuel Electric battery
100 tons1
Boeing 787
230 tons
at take-off
2000 tons1
JET FUEL
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• FuelsEurope recognises that climate change is real and warrants action.
• Answering the demand for energy while limiting the GHG emissions is a critical challenge.
The EU refining industry can effectively contribute to address this challenge
Gradually transitioning to new feedstocks, reducing product-related
GHG emissions (in combination with more efficient vehicles).
Further increasing GHG efficiency in refineries.
GHG emissions and Climate Change
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By:
We have the technologies…
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Multiple technologies can be deployed together to give significant reduction in carbon intensity of liquid fuels
Co
mb
ined
Car
bo
n In
ten
sity
Red
uct
ion
Increasing substitution of Petroleum with new feedstocks and components
Reduced carbon footprint of Petroleum refining
Refinery Efficiency
StandardNew proposed
strategyCurrent first
examples
Green Hydrogen
CCUSTechnology
SustainableBiofuels
Advanced Biofuels
Power-to-Liquids
Fuel Quality
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The refinery as an ENERGY HUB within and INDUSTRIAL CLUSTER
CCS / CCU
RenewableElectricity
Bio-feedstocks
CO2
Waste
Power-to-liquids
Residualheat
Crude oil
Low-GHG fuels
StandardCurrent first
examplesNew proposed
strategy
• Extensive corporate R&D capability.
• Deep experience in hydrogen and biofuels technologies.
• Growing experience in CCU & CCS.
• Close involvement in industrial clusters.
• Financial & project capability.
• Already subject to strong regulation.
Why can refinery industry lead?
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• Industrial clusters exploit synergies and jointly develop innovative low carbon technologies.
• Low carbon liquid fuels reduce emissions of all the vehicles in circulation immediately.
• Complements Europe’s global lead on ICE technologies.
• Full utilisation of existing infrastructure from refineries to service stations.
• Industrial opportunity for EU to export technologies to the rest of the world.
• Skilled jobs, energy security, technological leadership for EU economy.
Why is this an attractive solution for the EU?
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• Ensure refinery and fuels low-carbon transition are included in the EU’s industrial and
technology strategies.
• Policy framework and regulatory system for long-term investor confidence.
• Retain refineries’ economic viability despite aggressive international competition.
Policy enablers and requests
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Reinforcing European climate leadership through
technologies and industrial strategy.
Conclusion
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FuelsEurope
165, Boulevard du Souverain
1160 Brussels - Belgium
T: +32 2 566 91 00
www.fuelseurope.eu
THANK YOU FOR YOUR ATTENTION
This document was presented:
John Cooper, Director General
