7/26/2023 0 Comments Industry overview![]() ![]() However, as it is critical to ensure that near zero production methods are implemented in production lines in the next investment cycle, this may not be fast enough for some technologies. The innovation efforts of recent years are promising and most key near zero emission technologies are currently expected to see commercial market penetration between the mid 2020s and the early 2030s. Major highlights from 2021 include the first shipment of fossil-free steel, and two separate test batches of aluminium from inert anodes. Numerous efforts in industrial innovation are underway around the world (see the pages on cement, steel, chemicals, aluminium and paper for further details). Around 60% of heavy industry emission reductions by 2050 in the Net Zero Scenario come from technologies that have been proven to work, but are not currently market-ready. Many industrial processes involve chemical reactions and high-temperature heat that cannot be fully decarbonised with current commercially available technology. Deployment of near zero technology at a lightning fast pace is needed to align with the Net Zero Scenario Implementation of other innovative production methods varies widely by industry – the pages on industry subsectors elaborate on deployment. ![]() CO 2 captured through CCUS sees an enormous increase from 4 Mt in 2021 to about 300 Mt to 2030. Hydrogen demand increases substantially from 55 Mt in 2021 to about 85 Mt in 2030. The result is increased deployment of all of these technologies by 2030, including commercialisation and early deployment.Įlectricity increases from 21% of the sector’s final consumption to nearly 30% by 2030, with a greater proportion of that electricity coming from near zero emission sources. The Net Zero Scenario sees technological development along a number of pathways, including production methods incorporating hydrogen, carbon capture, use and storage (CCUS), direct electrification and other innovative methods unique to certain products (inert anodes for aluminium, for example). ![]()
0 Comments
Leave a Reply. |