CEOs of Occidental and Worley on Building World’s Largest “Direct Air Capture” Facility and the Burgeoning Industry of Carbon Capture - Seite 4

Chris Ashton: “If we continue to execute projects the way that have traditionally been done, it’s unlikely that there is sufficient capacity to deliver that which is needed if we’re going to hit that net zero 2050. We’re going to look at greater levels of collaboration. We’re going to look at greater levels of integration and working with communities. We’re going to look at greater levels of transparency to allow us to accelerate that. We’re going to look at designing one and building many, if you look at what we’re going to be doing with direct air capture being able to replicate that around the world. I believe that we’re going to have to see a much more deeply integrated supply chain. There’s one thing for certain: If we continue to think of developing projects and delivering projects as we’ve done traditionally, there isn’t sufficient capacity in the world to deliver the scale at the pace necessary to hit net zero 2050.

If you are at the capital investment levels that we’re talking about; if you look at what some of the large investment banks estimate to be the required capital investment across all of the world, not just the energy sector but chemicals, resource sector; if you look at what’s required to put assets in the ground or modify existing assets it’s going to be the largest spend in history and we’re going to have to look at doing things differently. One of the things will be an increased level of automation, digitization, use of artificial intelligence to deliver the assets at the pace and the scale necessary.”

• On industry messaging: Emissions vs. fossil fuels:
  
  Vicki Hollub: “We have to pivot the discussion, the discussion that’s across all sectors of the industry all around the world. We all need to come together and collaborate to fight emissions. The fight against fossil fuels is wasting too much energy and too much time. We need to partner with those that want to kill fossil fuels, help them understand that what we really want to do is kill emissions. There’s a lot of partnering that needs to be done, a lot of collaboration and we’ve got to focus on what the real problem is. The oil and gas industry can be a big part of helping to do this.”

• On the outlook for hydrogen energy: