At the 2022 FlexPO+ (now incorporated into the ADI Forum), Richard Thomas, Sr. Manager, Strategy & Bus. Dev, TotalEnergies US joined the PE and PP markets panel, moderated by Uday Turaga, CEO, ADI Analytics. He discussed how large energy companies faced increased scrutiny regarding ESG and sustainability, particularly due to their significant Scope 3 emissions from crude oil production. This contrasted with, for example, standalone chemical companies, which were lower CO2 contributors.
However, these large companies also held key advantages. Their substantial cash flow from existing oil and gas businesses enabled them to self-fund investments in renewables and chemicals. Furthermore, having extensive R&D in refining and chemicals, often based in Europe, provided them with a technological edge as European operations have faced and addressed these sustainability challenges for a longer period.
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ADI is a prestigious, boutique consulting firm specializing in oil and gas, energy transition, and chemicals since 2009. We bring deep expertise in a broad range of markets where we support Fortune 500, mid-sized and early-stage companies, and investors with consulting services, research reports, and data and analytics, with the goal of delivering actionable outcomes to help our clients achieve tangible results.
We also host the ADI Forum that brings c-suite executives together for meaningful dialogue and strategic insights across the oil & gas, energy transition, and chemicals value chains. Learn more about the ADI Forum.
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