CONTINUOUS INNOVATION FOR A CHANGING WORLD
MHI brings more than 130 years of continuous innovation, and employs industry-leading technology to create sustainable solutions in the oil and gas industry to meet these challenges.
Abundant, cheap, and accessible oil and gas reserves could be here for some time, leading to decarbonization plans dropping down the agenda at some energy companies. But the long-term horizons of investors mean environmental imperatives will continue to drive the energy transition through current and future price fluctuations.
Long-held oil and gas practices could help shape the future of sustainable energy storage. Mitsubishi Hitachi Power Systems’ chief regional officer for the Americas, Paul Browning, tells us how his company is working to transform vast underground salt caverns in Utah into one of the world’s biggest energy storage facilities using oil and gas techniques. He also gives his views on hydrogen’s contribution to decarbonization.
By 2050, the shipping industry must halve its CO2 emissions to meet the IMO’s tightening regulations. Which propulsion systems it selects today has long-term implications. Our new eBook evaluates the current and emerging fuel and propulsion technologies to consider in order to future-proof fleet choices.
We are approaching a point where simply cutting CO2 emissions will not suffice to meet climate targets. To reach net-zero, removing CO2 from the atmosphere is the next challenge, taking out more emissions than we generate. Technologies like Direct Air Capture could slow the wave of CO2, while feeding a growing market for captured carbon.
Synthetic fuels can be produced using carbon captured from industrial processes using CCUS technology, which could help decarbonize hard-to-electrify transport sectors like aviation, haulage and shipping. Closing the carbon loop is a vital part of achieving net-zero emissions.
As global economies seek to decarbonize, the energy industry will need to embrace change. In this interview, Professor Emmanouil Kakaras of MHPS Europe, explores how hydrogen could provide a unique opportunity for oil and gas companies to expand their business.
