Renewable Energies
The Sustainable Development Scenario (SDS) of the International Energy Agency (IEA) forecasts that renewable energies will represent around 30% of the world’s energy mix in 2040. In 2018, electricity consumption rose by 4%, twice as much as the increase in energy as a whole, and demand for electricity is expected to grow at a faster rate than global demand for energy in the coming years. To support this growth, our ambition at Elcawood Oil and Gas is to achieve a renewable electricity power generation capacity of 25 gigawatts by 2025 through the development of our solar and wind energy businesses around the world.
Oil and Gas
According to the Sustainable Development scenario put forward by the International Energy Agency (IEA), oil and gas are set to continue playing a vital role in meeting the world’s energy needs, accounting for nearly half of the primary energy mix in 2040. As an integrated oil and gas operator, we aim to provide affordable, reliable and cleaner energy. In an industry with an ever-growing number of constraints, we are harnessing our expertise and innovation capabilities to prepare the future of energy for our planet.
Crude and Petrochemicals
Our refining and petrochemicals operations transform crude oil and natural gas into finished products or intermediates, which are then used to manufacture chemicals. Our industrial know-how, our teams’ expertise and our strategic partners all play a key role in this process. We operate responsibly worldwide.
- Our mission: Meet the demand for oil products worldwide
We align our refining and petrochemicals capacities with market needs. - Our priority: Operational excellence
Safety, industrial synergy, energy efficiency and technical skill and know-how are core components of our operational excellence. - Our intent: build long-term partnerships
Our experience working on international projects and our status as an integrated energy group are just some of the strengths we can bring to long-term partnerships. - Our commitment: Operate responsibly
As the industry transforms, we support the regions in which we operate and take measures to guarantee a future for our sites.
Bioenergies
As renewable, low-carbon resources, bioenergies have a vital contribution to make in reducing emissions, particularly in transportation. Bioenergies are therefore a perfect fit with our ambition to become the responsible energy major. As a pioneer in biofuels for more than 20 years as well as a bioplastics producer, we have a role in the future of the bioenergies sector and the development of all biomass conversion pathways.
- Biomass encompasses all organic material derived from plants, animals and microbes. Biomass can be converted to produce biofuels and bioplastics, and thereby help meet three major challenges.
- The increase in global energy needs goes hand in hand with global population growth and economic and social development. In the transportation sector, energy needs are increasing by 31% per year. Demand for plastics is growing by 3% annually.