Hard-to-abate sectors have many decarbonization approaches available to consider. These include changing manufacturing processes and operations to reduce costs and emissions; waste heat integration; utilizing lower-carbon materials and feedstocks; electrification; energy efficiency; using renewable power; as well as participating in low-carbon hubs with CCUS and hydrogen. How are different industries selecting viable solutions? Which solutions can save costs or boost revenue as well as cut emissions? What emerging solutions could transform some of these harder-to-abate sectors?
S&P Global experts present their latest research and discuss topics on energy transition, energy security and trends shaping the global economic and energy landscape.
Repurposing of energy assets to enable low-carbon energy projects is an increasingly common strategy across the energy sector. In upstream examples include re-use of aging facilities for hydrogen or CO2 processing and transport, or for CO2 storage in reservoirs. Downstream examples include converting refineries to produce hydrogen or biofuels / Sustainable Aviation Fuel (SAF), while in the power sector, utilizing coal or other thermal sites for renewables and desalination projects offers opportunities in some regions. Which drivers enable industry players to take advantage of their existing assets in this way? What regulatory support is most helpful? Which regions offer the most potential?
Reducing carbon emissions has become an increasingly important to companies as they respond to pressure to decarbonize their operations from governments, investors and broader society. Yet each industry has its own challenges and opportunities, which in turn vary by location. What are some of the best practices and actions that are being taken across different industries to reduce their carbon footprint? What are some general lessons learned for successful project execution applicable across sectors?
Steel is often perceived as among the most difficult of the so-called “hard-to-abate” sectors. And yet, steel plants can greatly improve their carbon footprints by using techniques that include digitalization; hydrogen- and direct-reduced iron processes to eliminate the use of coal, reduction of heat loss in the casting and rolling process or recycled waste gases and heat. What sustainability philosophies and techniques are gaining the most traction in this industry? How are innovators driving the necessary changes? What is the outlook for widespread adoption of these new techniques?