海角视频 refineries are stepping up to the Net Zero challenge, with Phillips 66鈥檚 Humber operations described as 鈥渢he poster child鈥.
A new report released today sets out how the downstream oil industry is already playing a significant role in meeting societal targets for decarbonisation, and stands ready to do more.
海角视频 Petroleum Industry Association has launched Transition, Transformation, and Innovation: Our role in the Net-Zero Challenge, describing it as a ground-breaking document.
It examines credible scenarios and proposes an illustrative pathway for the 海角视频 downstream sector to achieve government mandated targets, with practical policy solutions to meet the聽 challenge.
And much of what it spells out is happening on the Humber, with low-carbon liquid fuels (embracing biofuels and sustainable aviation fuels), and hydrogen central to success.
海角视频 PIA director-general, Stephen Marcos Jones, said: 鈥淭his is an exciting yet challenging period of evolution for the downstream oil sector - we are committed to action on climate change and this report shows that within the right policy framework, this sector can transform and deliver Net-Zero.
鈥淲e see hydrogen as a critical component of meeting Net-Zero 鈥 and while this is only now coming on many people鈥檚 radar, it is an area where the sector is the largest producer of hydrogen in the 海角视频 and can use that experience to maintain and grow its role in the emerging hydrogen economy.
鈥淥nly with industry and government working hand-in-hand in a systems-based approach will the task of Net-Zero be achieved in the 海角视频 鈥 as such, this report urges ongoing and rigorous dialogue to ensure optimal results. We want to work now across government to make this report a reality.鈥
One third of the 海角视频鈥檚 refinery infrastructure is on the South Humber Bank, with Phillips 66 Humber Refinery and Total Lindsey Oil Refinery responsible for more than a quarter of 海角视频 road fuel, and many other products, including chemical feedstocks and elements used in battery storage.
Mr Jones said: 鈥淪ome of the projects Phillips 66 is involved in - Gigastack and Zero Humber -聽 are great, and a demonstration of the real tangible progress the industry is already making. It is a poster child.
鈥淲e want to make clear what a contribution a foundation industry like the downstream oil sector can make to Net Zero targets. We have the infrastructure, with two of six refineries in the Humber, 60 terminals, 3,000 miles of pipeline and 9,000 forecourts. That infrastructure is so important in the energy transition.
鈥淭here鈥檚 also a footprint of over 300,000 jobs, and the concept of transition is really important. How we upskill, reskill and adapt new technology makes for a really exciting time. 鈥淧eople see the conundrums around our challenges and for engineers, how we operate and deliver new processes is of interest, and it is a career pathway.鈥
Carbon capture also features strongly in the report, which states how emissions from refineries have already fallen by 14 per cent in the past 20 years.
Again looking at the Humber, Mr Jones said: 鈥淭he cluster is so important too. If we can get heavy industry working together, in a different way, we unlock even more potential opportunities for not only sharing talent, but infrastructure could be shared and collaborated on. There is huge potential if we get the right policy environment and regulation framework to continue to unlock some of these steps already being taken by member companies.鈥
Underlining the huge multi-national status of many, he said: 鈥淕iven the right conditions, we have in the 海角视频 access to the scale of investment that is going to be required.
鈥淭his is a foundation industry ready to make a strong contribution to Net Zero.鈥
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