OMC: WHERE INNOVATIONS AND MEGA TRENDS MEET FOR A MORE SUSTAINABLE ENERGY FUTURE
Transition to a low carbon economy and worldwide access to resources are the big challenges for today’s energy sector. To achieve this target a multi-action strategy is essential, based on GHG reduction, a resilient portfolio of hydrocarbons with natural gas playing a central role, and the expansion of circular economy and renewable resources.
OMC 2021 aims at facilitating an alliance among the energy sectors in order to share competences and capabilities and find together the most effective way to reach these ambitious targets.
SCIENTIFIC PROGRAMME STRUCTURE
- OPENING PLENARY SESSION
- 4 PANEL SESSIONS
- 4 TECHNICAL STREAMS (28 TECHNICAL SESSIONS)
- INNOVATION ROOM
Being the cleanest burning fossil fuel, natural gas provides a number of environmental benefits compared to other fossil fuels, particularly in terms of air quality and greenhouse gas emissions. Moreover, natural gas can be easily integrated with other sectors like hydrogen and CCUS facilitating the transition.
This is why it is presented as the transition fuel which will accompany the gradual penetration of renewable, providing flexibility and supply security services in the cleanest way.
Renewables play a leading role in energy transition massively cutting carbon emissions and helping to mitigate climate change. Power capacity from renewables is set to expand by 50% between 2019 and 2024, led by solar PV. (IEA.ORG). Renewables will increase their contribution especially if solar and wind power are fully integrated with sustainable bioenergy providing another key part of the mix. All this means speeding up innovation in business and technology.
Hydrogen has the potential to support the transition to a decarbonized energy system, and in particular can help decarbonise those sectors that have been harder to electrify, such as transport and heating.
Considered as a synthetic “green” fuel, hydrogen from renewable or low carbon hydrogen could rapidly restructure the energy mix in the coming years.
BIOFUELS AND EFUEL
Biofuels make an important contribution to solving the problem of climate change being the key lever to pursue sustainable mobility and to reduce GHG as their use is almost CO2 neutral. The modern bio refineries integrate the conversion processes of biomasses to produce biofuels, electricity and biochemical to supply the increasing power and fuel demand.
WASTE TO ENERGY
Waste-to-energy plants offer two important benefits of environmentally safe waste management and generation of clean electric power. They produce clean and renewable energy and have the potential to create a recycle process by converting industrial and municipal waste into energy, electricity and heat, and by converting the biodegradable fraction of the waste into high calorific value products
CCUS is a critical part of the industrial technology portfolio to accelerate the industry sector transformation that is essential to meet global climate goals.
While significantly reducing emissions, CCUS technologies add value to production processes by transforming substances and products such as plastics, concrete, methanol, biofuel, and other forms of hydrocarbons for use as alternative and renewable energy.
Oil markets are going through a period of extraordinary challenge. Unless demand is expected to fall by more than 50% in advanced economies between 2018 and 2040; conventional oil remains the most affordable source to provide energy in developing economies. How to face the global challenge and sustainable goal of clean and affordable energy for all?