Decarbonisation in the US has had its biggest boost to date thanks to the recent Inflation Reduction Act (IRA). Authorizing $396 billion in clean energy and decarbonization expenditure over 10 years, the historic law seeks to enhance US energy security, expand clean and renewable energy production, jump-start carbon reduction and sequestration technologies, accelerate decarbonization of the vehicle fleet, and promote a host of other climate policies.
Added to that the $7 billion federal funding program, H2Hubs is one the largest investments in DOE history with the aim to create six to ten clean hydrogen hubs across the states. Already being explored by refiners globally, hydrogen’s unique characteristics make it a strong option to decarbonize the downstream industry.
With the added incentivisation and subsidization of decarbonization efforts, North America’s refining and chemicals industries have an unprecedented opportunity to position themselves for a low carbon transition and invest in a portfolio of parallel bridges and solutions including carbon capture and storage (CCS), hydrogen, and advanced biofuels.
As the conference moves to California, the state leading the US’ energy transition, ESF North America will once again gather senior industry leaders to support the collaborations, discussions, and development of a sustainable energy future in which the oil and gas downstream industry continues to play a leading role.
Interactive seminars, panels and the latest technology insights will present a coherent approach of all the opportunities available to the downstream industry as it transitions towards a low carbon future.