What are hard-to-abate industries? They're sectors trying to increase demand while lowering their greenhouse gas emissions—which is not easy. However, there are some creative potential solutions. Learn more: https://lnkd.in/ghaiu5GD
If we look at it today, theese industries- steel, power, chemical, cement and refining to name a few—are considered hard to abate, meaning it’s difficult to lower their greenhouse gas emissions. However, to do this, it means that chevron and others will need creative solutions in order to decrease their carbon intensity. The challenge for these industries, which are essential to modern life, is to produce more while emitting less. But does that solve the problem? Several factors can go into deciding how emissions should be abated, including whether to reduce them during production, to deal with them after they are produced or both. One potential solution for addressing the carbon that is being emitted is carbon capture, utilization, and storage (CCUS). Considerations for choosing any abatement option include: How to capture, transport, and store the emissions if Chevron is looking to CCUS.
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Well, what steel, cement and chemical production all have in common; Trying to meet increasing demand while lowering greenhouse gas emissions is not reall an easy task. However, lets take a look at this below: Demand for chemical products, such as plastics, is growing, and the demand for primary chemicals has increased significantly. The chemical sector is the third-largest industrial emitter of direct carbon dioxide (CO2) emissions. Demand for cement is expected to grow by 2.4% a year until 2026. According to the IEA (International Energy Agency), direct CO2 emissions from cement have been mostly flat in recent years, but declines of about 3% annually through 2030 would be needed to meet emissions reduction targets under the IEA Net Zero Emissions by 2050 Scenario. The demand for steel is projected to rise 30% by 2050. Total CO2 emissions from the iron and steel sector have risen over the past decade, in large part because of increased demand.
It's C & C- Construction and Consumption - that is untill chlorides ruins both.
Alternative fuel sources, such as hydrogen, can give similar results to what Chevron is already using. We should also look at; What policies there are at the local, state and federal levels that might enable or restrict the chosen emission reduction effort? Well, Chevron can make a difference through her skill set and her experience if they know how to capture, transport, and store CO2.
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Industries like this are not easy to transition into a new system, it requires a whole lot of effort and investment. It will take time to reach the state of keeping up with demand while having a clean process.
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