Last year was marked by numerous Energy Transition plans and commitments, with the main goal to move towards a greener future. Whilst the global energy market is facing the impact of geopolitical and environmental challenges, we must continue to take action. Process Electrification could be the solution for Oil & Gas majors to accelerate energy transition in its portfolio and operations.
Process Electrification is a major trend driven by Green House Gas regulations and an increase in funding for projects such as the LIFE Clean Energy Transition in Europe. However, electrification of hard to abate industries is often considered as a threat to natural gas. At the same time, this electrification can be hindered by the…
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