The production of products with a lower carbon footprint and to produce a competitively advantaged product for sale is the drive for finished products research. The ability not only to synthesize the products but to then commercialize the value through assurances and trading, transactions, and the development of a new market for such products in the loser carbon future of chemicals.
Business Case for CO2 Use through 45Q for either Enhanced Oil Recovery or for pure Storage
Business, Legal, science and technology, and engineering principles in Petroleum and Process Engineering will be centered in the CCME around the principles of 45Q and what the NPC and DOE have outlined for the “broad commercial deployment of CCUS and CO2 storage”. Our CCME competence will focus on policy and legal briefings and education as well as a platform for informing advocacy in the marketplace. Business and legal frameworks to growth the market in 45Q applications will be supported through our center of excellence established to work closely with the needs of those in the market for research and business scenario development.
Need and Impact:
In anticipation of the results of the NPC study – findings from OGCI developments – and market developments such as a global price on carbon or trading mechanisms that may follow, there will be white spaces in need of capability and capacity to perform work and research. Our CCME will be positioned to respond and lead in assessments and in support of advocacy from the findings and results.
White papers and position papers to inform policy makers, government, NGO and industry stakeholders. To convene thought leaders in symposiums and idea exchanges and provide a platform for global engagement of not only US but global players in the market. To be a trusted, non-biased voice and resource that can be utilized and leveraged for CCUS, 45Q and CO2 management.
Life Cycle Analysis of produced hydrocarbons for “lower carbon intensity mapping”
The project will be a full business case analysis of various technical approaches to produce lower carbon footprint hydrocarbons. A full cradle to grave assessment of fuels, technologies, processing options, systems and processes that can produce a carbon foot printed outcome of a lower carbon hydrocarbon or energy produced. The full process and fuel analysis must be supported by business scenarios and potential applications – as well as the fully developed competitive alternatives for the hydrocarbon or energy production.
Need and Impact:
There is a need for full transparency in the discussion of new and evolving technologies and how they impact the global CO2 or CH4 emissions with data and quantitative analysis. The outcomes and claims of stakeholders in the market in terms of the full life cycle impact of investments will be consistently compared and the CCME will have the capability and competence to apply rigor and quantitative analysis to claims and projections made. The Bauer School of Business will lead the CCME efforts with support from all departments.
To be a recognized voice of the “truth” and to be a non-partisan and fully accredited as well as globally recognized across all energy segments in O&G, petrochemicals and electric power markets.
Executive Education and Workforce of the Future Development
The CCME will develop a series of educational learning opportunities to provide 1-2 day, 1 or multiple week experiences, and ultimately a series of course for ongoing learning to keep pace with the changing requirement of the workforce in sustainable development of energy. It will be designed for all levels of incoming learner knowledge and will seek to provide a comprehensive understanding of the 3 key market areas of energy (oil and gas, petrochemicals and electric power) and the role of sustainable development in each area. This education will be designed to understand the techno-economics of fuels and feedstock, role of sustainable development in process and generation technologies and the overall competitive alternatives as the energy transition presents additional regulatory challenges to existing business practices and operations.
Need and Impact:
The CCME will create a learning center for existing workforce to keep pace with change and to grow in the breadth of understanding of the comprehensive energy landscape as energy sustainability is defined and redefined over time. Currently, the challenges of sustainable development are not integrated into the systems level thinking of energy systems and is a significant challenge for energy workforce at all levels. The workforce of the future will also be a learning group target.
To be a globally recognized center for energy and “real sustainability” in the energy industry so that all critical aspects of supply, cost and environmental responsibility are properly recognized and solutions that are truly accretive and sustainable are developed.