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As part of the underlying Oil & Gas and Petrochemical market revolution, the business model for projects is changing.
In fact, the new business model is a return to the basic of ROI (Return on Investment) calculations.
Thus, the new business model aims to shorten project timeline while controlling costs. Delivering “Fast-track” projects in 2-3 years.
Surprisingly, the Oil & Gas and Petrochemical market stands robust on Q3 2020 by reaching 12 months 2019 capital expenditure.
Water Desalination is the conversion of sea water into potable water.
Desalination is a process commonly used in desert regions which can not use rivers, lakes, or ground waters as viable source for populations.
Removing the salts and other minerals from seawater will be the only source of potable water for 15% of the world population by 2025.
Carbon Storage is the isolation of gases responsible of the greenhouse effect from the atmosphere.
The goal is to reverse the atmosphere pollution by injecting captured Dioxyde (CO2) underground in reservoirs for long-term storage or to be re-used in a close future.
Once injected underground, the Dioxyde (CO2) can either:
Deteriorate over a long period of time
Participate to Enhanced Oil Recovery Operations (EOR)
Be later transformed in plastics, fuel, concrete
Carbon Capture concept is to seize gases responsible of the greenhouse effect, preventing their increasing presence in our atmosphere.
From all the gases responsible of the global warming, Carbon Dioxide (CO2) is of course the main culprit, the reason behind the name of Carbon Capture.
Carbon Capture can occur in two situations, directly from the air, or from industrial processes. It is in this second case Carbon Capture is the most efficient by reducing up to 90% of CO2 emissions from a plant.
The Windmill concept is the conversion of wind energy into electricity.
Blowing, the wind presses the blades of the windmill which creates a slow movement of rotation. This rotation is then multiplied to drive a generator at high speed thus, creating electricity.
The electricity later needs some transformation before being injected in the grid.
The largest windmill having a production capacity of 15MW, most of the time, projects are the installation of windmills in farm counting between 10 to 250 units.
The Solar Photovoltaic concept for energy is the conversion of natural and artificial lights into electricity.
The photon, which is the energy vector contained in light rays, while hitting on the solar panel will produce what is called the Photovoltaic effect, a mix of heat and electronic stimulation.
This electronic stimulation will generate a movement of electrons in the solar cell and thus induce direct current electricity.
The Green Hydrogen, not to be confused with the Grey Hydrogen and the Blue Hydrogen, is the production of Hydrogen from water (H20) splitting.
The Green Hydrogen production is based on the water Electrolysis. Meaning, the electricity injected in the liquid is going to separate the water molecule into hydrogen and oxygen.
