The renewable components in European refining companies
The whole European community, including petroleum refineries and fuel distribution companies on the supply side and the transportation sector at the demand side are under ongoing pressure from society and regulators to significantly reduce their greenhouse gas emissions and develop a more environmentally-friendly footprint.
Fuel oil consumption is under increasing environmental pressure with stricter regulations on use in marine transportation. Emissions from diesel fuels from fossil sources have been under scrutiny in recent years from regulators and public opinion. Companies are striving to become more sustainable by replacing traditional fuels with a renewable alternative, such as biofuels. Different energy sources for mobility has recently emerged around the concept of the electric vehicles and fuel cells and are penetrating the transportation market. Stefano Milanese, Partner at Arthur D. Little a leading international management consulting firm specializing in the energy and chemicals industries, will be speaking at the European Refining Technology Conference (ERTC) in November about the future of renewable fuels and biofuels and how refineries can respond to market trends.
As the investment in the gas industry in the Asian oil and gas market increases, DNV GL - Oil & Gas has appointed Brice Le Gallo as Regional Manager for South East Asia & Australia.
With Asia still the world's largest market for LNG and accounting for 70% of global consumption, Japan has announced that it is making available US$10 billion for investment in government and private joint ventures to support the expansion of the Asian LNG industry. In Asia, emerging LNG buyers will no doubt be looking to Floating Storage and Regasification Units (FSRUs) for importation. Indeed, right across the value chain, Asia is a region where key activity is taking shape. DNV GL's appointment of Brice Le Gallo is timely as it looks to maximize opportunities in its role as the technical advisor to the industry.
One of DNV GL's key assets located in Asia is the Oil & Gas Technology Centre (OGTC) that has been established as a sustainable Centre of competence to support the industry with high-end advisory and technical assurance services, offering an independent perspective across the value chain. The Centre has over 120 personnel and includes Asia's largest independent laboratory located in Singapore. The laboratory besides performing specialized testing and analysis for the oil and gas industry, is also developing new qualification methods for new technologies, and currently specifically looking at additive manufacturing applications for the marine and offshore industry.