Feb 19, 2020

Hydrogen’s energy transition position gets Chevron boost

Marcus Lawrence
2 min
Chevron joins the Hydrogen Council to drive research and uptake of hydrogen as an alternative fuel source worldwide
Solar and wind are largely considered to be the poster children of a post-fossil fuels world, but the viability of hydrogen as an a...

Solar and wind are largely considered to be the poster children of a post-fossil fuels world, but the viability of hydrogen as an alternative (and clean) fuel source is growing exponentially.

The latest act of portfolio diversification (or at least a repositioning for it) from Chevron shows a keenness of the supermajor to capitalise on hydrogen’s potential. On 18 February 2020, the firm announced that it is now a member of the Hydrogen Council, an advisory body for the world’s use of hydrogen across the energy transition.

While Big Oil continues to explore bridge fuels as a means to maintain profitability whilst aligning operations to increasingly sustainable behaviours and fuel sources, cracking the challenges of widespread hydrogen adoption would significantly boost the likelihood of meeting global sustainability targets, such as those laid out by the UN’s Sustainable Development Goals and the science-based necessity to keep global heating to a maximum of 1.5 degrees centigrade.

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Chevron already uses hydrogen to refine crude at its refineries, along with other chemical processes, and has a history of operating hydrogen filling stations for fleet operators through various technologies. As such, it is ideally placed to augment and supercharge the Council’s work towards pushing hydrogen into the mainstream.

“Chevron has solved some of the world’s most complex energy challenges of the past. And, we continue to explore ever-cleaner energy solutions for the future,” said Michael Wirth, Chevron's Chairman and CEO, in the company’s statement. “Our support for the Hydrogen Council reflects our view that hydrogen can play a role in a lower carbon future as a transportation fuel, an industrial feedstock and an energy storage medium.”

In addition to its new role on the Hydrogen Council, Chevron is set to run test and learn pilots for hydrogen fuelling stations in California and was a contributor for the Fuel Cell and Hydrogen Energy Association’s ‘Road Map to a US Hydrogen Economy’.

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May 14, 2021

Mirico Cloud identifies emission changes

Emissions
Decarbonisation
Climatechange
Dominic Ellis
4 min
The platform allows customers to quantify gas emissions across multiple oil and gas sites - and comes amid more scrutiny over Paris-aligned targets

Mirico is extending its gas measurement services with the launch of Mirico Cloud for the oil and gas industry.

The platform lets customers detect and quantify gas emissions across multiple oil and gas sites, and quickly fix issues causing changes in emissions. Customers can be contacted by SMS or email for alerts if a new emission is above a certain size, or about an existing known emission that has started to grow.

Customisable dashboards can show average emissions over the last 24 hours or how emissions vary by asset type.

"It's great to be able to broaden the service we provide our customers," said Dr Linda Bell, CEO of Mirico. "We really feel this is a big step forward in helping the oil & gas industry to quickly identify emission issues at scale and ultimately help them in their goals to reach net zero."

The industry remains under intense pressure to deliver on emission targets. Achieving 50% lower emissions by 2030 will require either full electrification of the West of Shetland and Central North Sea or earlier-than-expected field cessations, according to Wood Mackenzie.

In 2018 the UK produced 451 million tonnes CO2 equivalent (MtCO2e) of greenhouse gas emissions. Around 3% of this total is direct emissions from oil and gas activity on the UK Continental Shelf. Energy generation, mainly from fossil fuels,  produced 23% of emissions, and the transport industry accounted for a further 28%, mostly from the use of oil-based products.

The North Sea Transition deal has four key pillars:

  • Supply decarbonisation reduce emissions from oil and gas production by 50% by 2030
  • Carbon capture and storage (CCS) target 10 Mtpa of carbon capture by 2030
  • Hydrogen deliver 5 GW of low-carbon hydrogen capacity by 2030
  • Supply chain/people deliver investment of £14-16 billion into low-carbon technology by 2030

Methane in the spotlight, a busy 48 hours for bp and JPMorgan releases carbon reduction targets

Institutional investors with a collective $5.35 trillion in assets are calling on the Biden administration to get tougher about methane emissions as it seeks to address climate change. "Any credible pathway for the use of natural gas in a Paris-aligned future must address methane emissions," it states.

Cutting human-caused methane by 45% this decade would keep warming beneath a threshold agreed by world leaders, according to the UN Environment Programme. Such reductions would avoid nearly 0.3°C of global warming by 2045 and would be consistent with keeping the Paris Climate Agreement’s goal, to limit global temperature rises to 1.5˚C, within reach.

bp and CEMEX will work together on accelerating the ‎progress of the latter's 2050 ambition to deliver net zero CO2 concrete globally. Around 70% of global emissions come from transport, ‎industry and energy and cement making is energy intensive. Last week bp and renewable energy supplier Pure Planet forged a partnership to launch a new digital energy service that will support households, EV drivers and energy consumers in the UK.

Hot on the heels of the CEMEX announcement, bp shareholders rejected a plan that would have forced the company to strengthen its climate commitments in an AGM poll, with only 20.65% pledging support. "We will continue to engage with shareholders on our strategy, targets and aims so as to ensure their views are fully understood," it stated. One of the challenges is that there is no single metric that measures Paris consistency, according to chief executive Bernard Looney.

JPMorgan Chase yesterday released comprehensive steps it is taking in its efforts to align its financing activities with the climate goals of the Paris Agreement, publishing 2030 carbon intensity targets for the Oil & Gas, Electric Power and Auto Manufacturing sectors. It also released its new Carbon Compass methodology that describes how the firm set its targets and how it will monitor progress over time, and unveiled a Center for Carbon Transition

“There must be collective ambition and cooperation by business and government to tackle climate change,” said Jamie Dimon, Chairman and CEO, JPMorgan Chase. "Setting our Paris-aligned targets is an important step toward accelerating the transition to a low-carbon economy and meeting the goals of the Paris Agreement. JPMorgan Chase is committed to doing its part by working with clients around the world to reduce emissions and by ensuring our own operations remain carbon neutral."

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