Page 48 - Industrial Plants

Greenfield are even more significant (34%).
The potential of natural gas, and especially LNG, to
enter the transportation market has been also
highlighted by Katia Valtorta (Principal, Arthur D. Little),
with particular reference to ships, trucks and trains:
hurdles include fueling infrastructure, cost advantage
over competing transportation fuels, and environmental
regulation.
Luca Cosentino (EVP Energy Solutions, Eni), has
underlined the strengths that the O&G industry has to
Benayoun - El Molla - De Scalzi. promote and even accelerate the diffusion of
renewables: global industry presence and large
portfolio of industrial assets, relationships and
reputation in host countries, know-how in managing

Oil and gas resources will be essential
in a low carbon economy, and emissions
can be further cut by 30% “ (Elisabeth
Tostad, CEO DNV GL Oil&Gas)

complex and hybrid projects are all assets that the
O&G industry can claim.
Wilfried Maas (Technical Development Leader CCS,
Shell), has advocated the importance of CCS in a low
carbon economy, which will continue to use in the next
future hydrocarbons: potentially such a technology – if
widely implemented – might deliver 12% of the required
GHG mitigation by 2050. Shell’s experience in Quest
Paolo Ruggeri, GM GE Oil&Gas (left), Antonio Careddu, EVP Project, the largest demonstration CCS project to date,
Saipem (center) and Rita Marino EVP Eni (right) in one of the keynote has proven to be viable, with over 1.5 million tonnes of
panels CO2 injected in 16 months.
Finally, Robert C. Armstrong (Director, MIT Energy
improving contractors productivity and decreasing overall Initiative) has pointed out how much progress in terms
project costs. of renewables deployment is being made: over the
The perspectives of a low carbon economy and the past decade wind and solar have accounted for more
contribution of the O&G industry have been addressed than 40% of new capacity additions.
in the last of the three Panel discussions offered in the Moreover, in the past five years the competitiveness of
conference. utility-scale PV in the US has improved dramatically
Elisabeth Tørstad (CEO DNV GL Oil&Gas) has pointed with prices of power purchase agreements falling by
out, in her introduction, that sustainable development 70% or more.
With increasing photovoltaics (PV) penetration of the
30 million barrels of oil per day will have market, challenges rise for grid operation, particularly
to be added by 2030, with the Middle regarding capacity and ramping, for this reason the
East and Russia the gravitational pole future success of PV will be dependent on storage.
of low cost producers” (Judson Jacobs, The future for very low-cost PV technologies lies with
Senior Director HIS Markit) material systems that simultaneously reduce module
and Balance of System costs, such as organic
photovoltaics on which progress is being made at MIT.
of oil and gas resources will be essential in a low
carbon economy, to reduce emissions via fuel shift In addition to Panel discussions, the conference has
(especially if gas will play a key role as a transportation also offered a broad a comprehensive program,
fuel), increasing efficiency and integrating hydrocarbons including 118 technical papers presented in 29
with renewables. Sessions, 66 Digital posters and 13 workshops.
For example, the potential reduction of GHG emissions
in the Norwegian Continental Shelf is estimated to be Next biannual edition will be held in Ravenna, 29-31
29% and the potential reductions for an energy efficient March 2019.

IndustrIal Plants - May 2017
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