Already at the heart of the UK economy, UK refineries now have an opportunity to be at the centre of “an orderly and fair” transition to a net zero economy – with hydrogen playing a critical role.
That’s according to a new report released today by the UK Petroleum Industry Association (UKPIA) which says the downstream oil sector, by reinventing itself, using its extensive resources to decarbonise its activities an products and help other sectors decarbonise can be critical in the future supply of new energy carriers and technologies such as hydrogen.
Transition, Transformation and Innovation looks at credible scenarios and proposes an illustrative pathway for the UK downstream sector to achieve government mandated targets, with practical policy solutions to help overcome this challenge.
The report makes three key findings: low-carbon liquid fuels, a systems-based approach and hydrogen.
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