The downstream oil sector has a golden opportunity to achieve both sustainability and economic growth.
How the energy sector operates will change considerably in the years ahead. Numerous challenges - not least climate change - will require new approaches to mobility, transportation, industrial operations, manufacturing and waste.
The downstream oil sector will need to consider how it can contribute to decarbonisation goals, whilst providing security, reliability and affordable products to wider society. To do this we need a clear vision for the future of our industry.
The UKPIA Future Vision provides just that.
By 2050 demand for liquid fuels will change, but they will still be needed. Our sector can be a low-carbon enabler and liquid fuels can help achieve society's carbon ambitions.
Learn about future demand scenarios for liquid hydrocarbons.
New technologies and low-carbon fuels offer downstream oil companies major opportunities to help achieve both greater industrial energy efficiency and decarbonise transportation and the wider economy.
Learn about alternative fuels, carbon capture technology and how refineries of the future can become R&D for low-carbon products.
Refineries of the Future could be highly efficient manufacturing plants that have considerably lower carbon and air quality emissions than today, are able to produce low-carbon fuels from new feedstocks and could be at the centre of highly integrated supply chains that make optimum use of available resources.
Learn more how existing refinery sites are well-suited locations for the construction of facilities to allow the development of low-carbon fuels.
No single technology - either currently in existence or in development - is a 'silver bullet' for industrial decarbonisation. However, carbon capture offers an opportunity to create a carbon-based economy, where downstream oil and gas companies can be pioneers in the commercialisation of a new market of petrochemical and energy-related products.
Learn more about how CCUS could help contribute to reaching 'Net Zero'.
Opportunities exist for the downstream oil sector to work with other industries and stakeholders to decarbonise their operations and products. Industrial clusters could unlock the door to a low-carbon economy.
Learn how leadership, a shared vision and modular development could put UK refineries at the heart of decarbonisation.
A low-carbon downstream oil sector cannot happen on its own. It will require an investment of time, personnel, capital and business leadership.
Learn how governments have a key role in supporting industry's low-carbon transition and how they can create an investment climate to provide an impetus to decarbonisation.