The Refining Industry Strategy Mid-Century Strategy and Transition for Liquid Fuels An Industrial Opportunity

Transcription

1 The Refining Industry Strategy Mid-Century Strategy and Transition for Liquid Fuels An Industrial Opportunity John Cooper Director General Developing the EU Long-Term Climate Strategy event Brussels, 18th September 2018

2 FuelsEurope represents 41 Member Companies 100% of EU Refining TITLE OF THE PRESENTATION This image cannot currently be This image cannot currently be This image cannot currently be This image cannot currently be This image cannot currently be This image cannot currently be

3 We have the technologies Combined Carbon Intensity Reduction Refinery Efficiency CCUS Technology Multiple technologies can be deployed together to give significant reduction in carbon intensity of liquid fuels Green Hydrogen Fuel Quality Sustainable Biofuels Advanced Biofuels Power-to- Liquids Reduced carbon footprint of Petroleum refining Increasing substitution of Petroleum with new feedstocks and components Standard Current first examples New proposed strategy Page 3

4 We have the technologies Multiple pathways towards low carbon transport Concawe 4

5 The refinery as an ENERGY HUB within an INDUSTRIAL CLUSTER Page 5

6 Policy framework: a proposal UNTIL 2030 ALIGN CURRENT VEHICLES AND FUELS REGULATIONS TTW correction for RED based on market average CO2 credit system for new fuel technologies CO2 credit system for CCS POST 2030 BREAK THE SILOS : A COMMON CARBON PRICE FOR VEHICLES & FUELS Vehicle standard becomes sole CO2 regulation in transport (no RED, ) CO2 credits generated from all WTW (or LCA) steps count for vehicle standards LONGER TERM A COMMON CARBON PRICE ACROSS THE ECONOMY One carbon price based on LCA for all sectors Effective carbon leakage protection for EU industry and economy Page 6

7 Results of the work of the EIIs Section 5.7 Input to the EU Long term climate strategy Regulatory framework The nine elements that would ensure that EIIs successfully transition to a low-co 2 economy are: Protection against unfair international competition towards a level playing field Full carbon leakage protection from both direct and indirect costs of the EU ETS A large and ambitious mission oriented RD&I program for industrial low-co 2 technologies, including funding for industrial demonstration and scale up Competitively priced, carbon-neutral energy Consistency within the energy and climate policy framework to ensure that energy consumption and low carbon policies are compatible Reconsideration and a better alignment of the environmental state aid guidance Industrial symbiosis and a circular economy through the effective combination of energy recovery and recycling Streamlining of the permitting procedures allowing a timely and predictable set of infrastructures and interconnections Transparent accounting framework for CCU across sectors and value-chains to allow business cases to emerge Page 7

8 THANK YOU FOR YOUR ATTENTION This document was presented by: John Cooper, Director General FuelsEurope Vision 2050 A Pathway for the Evolution of the Refining Industry and Liquid Fuels FuelsEurope 165, Boulevard du Souverain 1160 Brussels - Belgium T: