Reducing Emissions in Heavy Industry for 2024

Ahead of OCI Global's talk at StocExpo 2024, director Bowen Xu discusses how heavy industry can make 2024 a watershed year for the fuel transition   [caption id="attachment_39930" align="alignleft" width="300"] Bowen Xu, director at OCI[/caption] Transport is responsible for 21% of global carbon dioxide emissions and achieving net zero for the sector by 2050 will require the industry to reduce emissions by more than 3% each year until 2030, according to the International Energy Agency. With a complex, globally connected sector like transport, there’s no single solution to decarbonisation. Fortunately, there are different routes we can take, a few of which are available today. Starting with immediate transitional tools, ‘drop-in’ solutions that can make use of existing production and logistics infrastructure, such as lower carbon and renewable hydrogen fuels like methanol and ammonia, play a critical role. Green methanol is blended with traditional gasoline in the fuel pool today, offering a more than 60% greenhouse gas reduction for road transport, which is essential to bridge the transition while the path to EV is still developing. These lower carbon alternatives...