Refinery sector must balance energy security with net-zero push

…with purchased electricity, reducing Scope 3 emissions would depend on the wider transition in sectors that consume refinery products, particularly transport, he said. No immediate replacement of fossil fuels “ Fossil fuels are not going to go away, at least for the next two decades ,” Mr. Singh said, adding that the transition should be viewed as a shift from a high-carbon energy system to a low-carbon one rather than an immediate replacement of fossil fuels. Mr. Singh said green hydrogen had…

…hydrogen storage, transportation and end-use, he said. Mr. Pillai said the intermittent nature of renewable energy posed a particular challenge for refineries, which require a continuous and stable energy supply. “ The refinery process cannot have a variation in its feed flow ,” he said, pointing to the need for energy storage and technological improvements in electrolysers. The panellists also discussed how geopolitical conflicts and disruptions to key shipping routes could affect crude…