Industry: Energy Transition

The COVID-19 pandemic severely impacted the global refining sector, causing dramatic fuel demand cuts, especially in transportation, which led to oversupply and plummeting margins. In response, refiners worldwide reduced utilization and altered product yields. They also slashed capital spending, deferred projects, and even shut down or converted facilities. While global fuel demand remains subdued with […]

In the December 2020 edition of the ADI chemicals newsletter, we covered private equity’s chemical industry outlook post-COVID-19, alongside signs of global economic recovery despite a projected 2020 GDP drop. The industry saw actions on plastic pollution, a LyondellBasell acquisition, a Formosa project pause, biofuel and recycling developments, and various international projects and business activities.

Competitive renewable power can drive power-to-gas in some regions.

President-elect Joe Biden has committed to build 500,000 electric vehicle (EV) chargers by 2030. However, United States is expected to have nearly 15 million electric vehicles (EVs) by 2030. EV adoption is expected to be fueled by decarbonization goals, decreasing battery costs, growing efficiency, and EV model growth. Another important driver that will drive EV […]

U.S. refiners and majors have announced several closures of refineries.

In the November 2020 edition of the ADI newsletter, we explored the evolving role of utilities in expanding EV charging infrastructure and how this supports broader electrification goals. We reviewed recent U.S. refinery closures announced by major players, analyzed the growing importance of sulfur removal in natural gas production, and highlighted new ADI insights on […]

With the 2020 presidential election right around the corner, ADI Analytics has summarized the proposed energy policies of Donald Trump and Joe Biden. Our summary is based on the candidates’ energy policies from their websites and comments on energy issues from interviews and speeches.

Operators’ pursuit of better ESG outcomes provides a great opportunity for industrials.

Where is digital in the oil & gas industry today? How has it benefited from COVID-19?

BP is pivoting away from a predominantly oil and gas business to a future ready for the energy transition with net-zero greenhouse gas emissions by 2050. The company’s management presented their strategy last week over three afternoons.

What are challenges facing energy transition and how is innovation addressing them?

In the September 2020 edition of the ADI newsletter, we highlighted BP’s major strategic shift toward becoming a net-zero energy company by 2050, as outlined during BP Week. We also examined the current state of digital transformation in the chemical industry and explored how cleantech innovation is tackling key challenges in the energy transition. This […]