Market Overview: Industrial Plant Decarbonization Technologies
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Executive Summary
Decarbonizing plant operations is a global priority, especially with the Paris Agreement’s goal of net zero emissions by 2050. Driven by macroeconomic factors and stakeholder pressures, firms in high-emission industries like oil and gas, manufacturing, metals and utilities are setting ambitious reduction targets through three main decarbonization technology levers. These are: efficiency improvement technologies, clean energy transition technologies and advanced decarbonization technologies. This study provides an overview of the industrial decarbonization technology market, highlighting solutions that reduce emissions by enhancing energy efficiency, transitioning to clean energy and capturing emissions, and offers guidance for strategy and purchasing decisions.
Table of contents
Summary for decision-makersFor industrial firms, plant decarbonization is a matter of survival
Macroeconomic factors and stakeholder demands turn focus towards decarbonization technology
Plant decarbonization technologies are split across three levers
Challenges and innovations will drive growth of industrial plant decarbonization technology
Industry-specific nuances and challenges inform decarbonization lever choice
The evolution of plant decarbonization technology will coincide with AI analytics, renewable integrations and growing technology maturity
Table of figures
Figure 1. Types of plant decarbonization technologiesFigure 2. Efficiency improvement technologies
Figure 3. Clean energy transition technologies
Figure 4. Advanced decarbonization technologies
Organisations mentioned
ABB, AFRY, Aker Carbon Capture, Antora Energy, AspenTech, Avangrid, AVEVA, BASF, Bayer, Bentley Systems, BHP, BlackRock, Blue Sky Measurements, BP Consultancy, Braskem, Brookfield Renewable Partners, Carbon Clean Solutions, Carbon Engineering, Carbon Mapper, Carbon8, CarbonCapture, CarbonFree, Chevron, CleanCo Queensland, ClearTrace, Climeworks, Connected Energy, Cummins, Drax, EarthSense, Emerson, Enel, EnergyCAP, ENVEA, Enviro Technology Services, Exxon Mobil Corporation, Flexidoa, Gasmet, GE Vernova, GHGSat, Google, Guidewheel, Harvest Thermal, HeatVentors, Hexagon, Hitachi Energy, Honeywell, Iberdrola, IBM, IFS, International Energy Agency (IEA), Jacobs, Kayrros, KBC Global, KEW Technology, Lanxess, LevelTen Energy, LG Energy Solution, McKinsey & Company, Mercedes-Benz, MethaneSAT, Mission Zero Technologies, Mitsubishi Heavy Industries, Mitsubishi Power, MOL Group, Neste, NextEra Energy, Noya, Occidental Petroleum, Ørsted, Powerledger, Primetals Technologies, QLM, Qube Technologies, Ramboll, Repsol, Rivian, Rockwell Automation, Rolls-Royce, Rondo Energy, RS Metrics, Samsung SDI, Saras, Saudi Aramco, Schneider Electric, Shell, Siemens, Skytree, Storegga, Teledyne Technologies, Temasek, Tesla, thyssenkrupp nucera, Toshiba, TotalEnergies, Trendminer, Tucker’s Natural, US Department of Energy, Valmet, Veolia, Vestas, voestalpine, Volkswagen, Volvo Energy, Volvo Group, WindLoop, Wood, Wood Mackenzie, World Economic Forum, Yara, YokogawaAbout the authors
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