The energy industry recovered in 2021, given the rapidly increasing crude oil and natural gas prices, and lifting lockdown measures. Reopening global economies allowed for increasing mobility and industrial and commercial activities, stimulating demand for energy products. The year also brought increased focus on developing the industry’s sustainability goals. The global demand for fossil fuels is set to continue expanding over the medium-term outlook, driven by the expanding economies in Asia P
This report comes in PPT.
Digitalisation improves manufacturers’ operational costs, efficiency, workplace safety and continuity of operations in case of large disruptions such as global pandemic in 2020.
As climate change and sustainability in manufacturing is an increasingly important topic in global economies, large market players have to find ways to reduce their emissions and adapt to the changing environment. Stricter environmental policies and emission goals are not only pushing oil, gas and coal producers to invest in technological advances but also distribute their investments towards renewable energy.
With rising global fossil fuel consumption, investment in new infrastructural channels and the upkeep of existing supply networks is essential in order to avoid future backlogs.
Hydrogen is a growing topic in discussions on how to reduce emissions from energy consumption, and it could be produced from natural gas. Nevertheless, there’s a long way to scale production output to significantly affect the energy industry as it is.
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