G20 Foundation Publications Australia 2014 - Page 82

82 ENERGY ENERGY Balanced energy growth in emerging economies Dietrich Max Gross, Chairman & CEO Requires clean energy technologies, sustainable business strategies, and proactive government support The Vision The 21st century needs sustainable business strategies that provide an increasing energy supply while supporting climate protection and social development goals. Transformational technologies will need to play a key role, such as carbon capture, utilization and storage (CCUS). The Challenge Mark Kenneth Schoenfield, Senior Vice-President Operations & General Counsel The International Energy Agency’s World Energy Outlook (IEA WEO-2013) projects in their central scenario 1 that global energy demand will increase by one-third from 2011 to 2035. Fossil fuels accounted for 82% of primary energy demand in 2011, and will fall slightly to about three quarters in 2035. Furthermore, emerging economies will account for more than 90% of global net energy demand growth. According to IEA’s projections, electricity demand will grow by more than any other final form of energy and coal will continue to be the largest source of electricity generation. Global coal demand will increase 17% by 2035. India, Indonesia and China account for 90% of the growth in coal production. Energy related CO 2 emissions will rise by 20%, reaching 37.2Gt globally in 2035, according to IEA’s central scenario. The Solution IEA projections show that energy supply in the near future, and specifically in Asia, will significantly rely on fossil fuel sources, including extensive consumption of coal. Carbon capture and storage (CCS), with CO 2 utilization, offer a solution to help managing the reality of massive global fossil energy consumption beyond 2035. and industry to engage in commercial scale demonstration projects that will drive down overall costs, making those technologies affordable in emerging economies. Beneficial utilization of CO 2 , creating a revenue stream from captured CO 2 , can be realized through enhanced oil recovery, enhanced coal bed methane recovery, the algal biomass industry, and others. CO 2 used for enhanced oil recovery is already high in demand in the USA, and significant CO 2 utilization potential has been identified in selected APEC 2 economies. Jupiter Oxygen Corporation’s unique technologies can be a critical part of strategic alliances for the financing and management of successful complex carbon capture projects. Jupiter Oxygen’s focus is to identify favorable economic and resource conditions for profitable large scale CCUS demonstration projects. Jupiter Oxygen is engaged in demonstration project activities in the U.S., China, India and Mexico. About Jupiter Oxygen Corporation Jupiter Oxygen Corporation (JOC) is a U.S. based clean energy technology company that has developed technologies for industrial energy efficiency and cost effective carbon capture from fossil fuel power plants. Jupiter Oxygen’s expertise is based on its continued research, development and use of oxy-combustion. Jupiter Oxygen worked a decade with experts from the National Energy Technology Laboratory (NETL) of the U.S. Department of Energy to develop clean fossil energy solutions, with focus on retrofitting existing coal fired boilers. JOC’s “high flame temperature oxy- combustion technology”, combined with NETL’s Integrated Pollutant Removal (IPR TM ) system, enables the capture of more than 95% of CO 2 , and the elimination of key pollutants (NO X , SO X , PM, mercury). The technology has been implemented JUPITER OXYGEN’S CARBON MITIGATION SOLUTIONS Jupiter Oxygen’s oxy-combustion based carbon capture technologies in conjunction with CO 2 utilization offer economic solutions to substantially mitigate CO 2 emissions. Co-benefits from applying those technologies to coal fired power plants will be air pollutant control and CO 2 recycling or permanent CO 2 storage. It will take concerted action by G20 countries to provide proactive support and an ambitious industry to engage, in order to deliver much needed cleaner fossil energy. The IEA’s Technology Roadmap ‘Carbon Capture and Storag x&H LY][ۊBY[\][^HX[ۈ][\H\Z[8'[XH[[X[\ܝYX[\\܈[[ۜ][ۈ[X\H\[و]H]]B[[[وڙX'K\\[ܙK ][^][ۈ[ۜ][ڙX[]X\[\•X\\X\\Y[]\[H[[\X܈ق][Y[[[K[ZB\\[]]HٙXB]\]\Y[&\ MHU[\\X[]H[\X\[\X\XY˂[Y][ۋ\]\Y[[U][YH][\\Yۈ\YۂY[YH[\\]\HKXX\[ۋX[\HH ][^][ۂ[\Y\[HX\]\K\B\\[]]HٙXH[[ZK[K8QPx&\[[[\[ΈH]XH[\[XZ\X[و^\[XY\[B[X\]Y]][\[\[Y[][ۈوX\YXH[[[ۜSL LBB\XHXYHXۛZX\][ێX\X[]BوX[\][H\[و\ۂ\\K][^][ۈ[ܘYH[][[TPXۛZY\TP&\[\Hܚ[‘ܛ\X\ M[X]XΈ\]\Y[ U[\[]ٚH]\ۈ\\B