Oil and gas companies are making decarbonization commitments that include mainly cutting Scope 1 and Scope 2 greenhouse gas (GHG) emissions although they are under growing pressure to also cut Scope 3 emissions. To this end, there is growing interest in understanding and benchmarking GHG emissions across the value chain from exploration and production through midstream and gas processing to refining and downstream processing.
ADI Analytics has conducted several projects helping operators estimate, benchmark, and forecast GHG emissions across the oil & gas value chain. We have conducted such work using a mix of primary and secondary research, data aggregation and analysis, estimation and forecasts using proprietary models, and risk and uncertainty analytics. Our GHG emission estimates and forecasts have been validated and refined using private, operational data shared with us by oil & gas producers, refiners, and petrochemical companies.
In addition to operators in the oil & gas, chemical, and petrochemical industries, ADI has also supported other stakeholders including public institutions. One of our recent clients was RMI, a non-partisan, non-profit organization working on global energy systems across economies around the world. ADI built the estimation methodology and framework, data sets, and analytical models to develop baseline and forecasted GHG emissions for petroleum refining, chemical, and petrochemical models.
This work was a critical part of RMI's new report, 'Emissions Out the Gate: State of the Refining and Petrochemical Industries,' which provides an overview of the U.S. and global refining and petrochemical industries, their current emissions and forecasted growth, and projected emissions out to 2050.
RMI has described this report as 'a big step forward in providing an independent methodology for modeling emissions. Emissions numbers from companies can now be checked against these estimates, and the global coverage of the emissions estimates provides insight into regions that may not report regularly. The report also establishes a framework that can be improved over time as more measured data becomes available.'
The 'Emissions Out the Gate' study will help a number of stakeholders including industry executives, regulators and policymakers, investors, and the broader public understand GHG emissions from refining and petrochemical plants around the world for various goals.
Contact us at ADI Analytics to learn more about this work as well as other experience and data and modeling capabilities to assess GHG emissions across oil & gas, energy, chemical, industrial, transportation, heavy manufacturing, and other markets.
Download the report, 'Emissions Out the Gate: State of the Refining and Petrochemical Industries' published by RMI in collaboration with ADI Analytics and other stakeholder by filling out the form below.
By Panuswee Dwivedi and Uday Turaga