Decarbonization efforts in the oil and gas sector continue to gain momentum but face significant challenges. In our previous blog, we discussed the challenges oil and gas companies face in reducing upstream greenhouse gas (GHG) emissions and highlighted several initiatives major operators such as ExxonMobil, Chevron, and Shell have made in GHG emissions reduction. However, […]
Voluntary Carbon Markets Part 3: Building the next-generation VCM
The Voluntary Carbon Market (VCM) is at a crossroads as we have written in our prior blogs (see part 1 and part 2). While the U.S. VCM Guidelines offer a promising path forward, significant work remains to ensure the market fulfills its potential in combating climate change. This part explores some key developments that can […]
Voluntary Carbon Markets Part 2: The U.S. VCM guidelines
The voluntary carbon market (VCM) has become a critical tool in the fight against climate change as have discussed in part 1 of our series on this topic. It allows companies and individuals to offset their emissions by investing in projects that reduce greenhouse gases elsewhere. This approach has the potential to significantly accelerate global decarbonization efforts. However, concerns […]
Voluntary Carbon Markets Part 1: The growing pains of a young market
The Voluntary Carbon Market (VCM) is a dynamic space brimming with potential to combat climate change. It facilitates the trade of carbon credits, each representing one ton of verified CO2 equivalent emissions reduction. Companies and individuals can purchase these credits to offset their unavoidable emissions and contribute to climate action. However, like any nascent market, the VCM is experiencing growing […]
Methane emissions: Global consensus struggles with data challenges
At roughly 20% of global greenhouse gas emissions, methane packs a disproportionate punch, being 80 times more potent than CO2 over 20 years. Reducing methane emissions, particularly from oil and gas production (Scope 1 emissions), offers a powerful and rapid way to slow climate change. Methane emissions in oil and gas production permeate every step […]
How oil and gas companies are decarbonizing exploration and production
In a previous blog post, we discussed the difficulties of reducing greenhouse gas (GHG) emissions in the chemical industry. Similar challenges also exist in the oil and gas industry, particularly in the upstream sector, which is known for being one of the most difficult sectors to reduce GHG emissions. According to the International Energy Agency […]
One way or another – Part 2: EVs will drive chemicals
I recently spoke at the Adhesive and Sealant Council’s 2024 Annual Convention and EXPO in Louisville, Kentucky, where much attention was placed on the value proposition of adhesives and sealants in the realm of energy transition. Discussions revolved around bio-based and low-carbon products, as well as the applications of adhesives and sealants in emerging sectors […]
One way or another – Part 1: EVs will drive chemicals
Although electric vehicle (EV) sales are slowing, they have surpassed expectations in the past few years. While an average EV still remains more expensive than an internal combustion engine (ICE) vehicle today, prices have fallen significantly in recent years. As shown in exhibit 1, the decline in lithium-ion battery pack prices since 2015 is particularly […]
How large can the AI market grow?
Recent developments in artificial intelligence (AI), machine learning (ML), cloud computing, and other technologies are leading to rapid implementation in various industries around the world. These developments have only been possible due to recent increases in computing power and availability of vast datasets needed to train AI programs. This along with improved algorithms for training […]
Key drivers for SCR systems for NOx removal
Traditional power plants produce a mix of toxic gases as they burn fuels such as coal and natural gas for power. These emissions include greenhouse gases like carbon dioxide (CO2), methane (CH4), and acid rain-forming oxides of sulfur (SOx) and nitrogen (NOx). NOx can cause severe respiratory problems, stimulate algae growth in waterways decreasing water […]
- 1
- 2
- 3
- 4
- Next Page »