Topsoe at COP27
Are you ready?
Let’s get to the far side of zero!
Learn more about our activities at COP27 below.
Producing Green Steel:
How Do We Get Real?
Time & Date: November 11th, 15:30-16:30, @COP27 blue zone (Danish pavilion)
Organizers: Topsoe, H2Green Steel
Used in the industry and in the transport sector such as in cars, trucks, aviation, rail, and shipbuilding, steel is the most important construction and engineering material in modern societies. At the same time, steel has the single biggest industrial CO2 footprint at 2.6 gigatons a year in 2020, accounting for 7% of global CO2 emissions. Making steel is highly carbon intensive because transforming iron ore into steel requires high levels of energy, currently supplied by coal in most steel mills. To meet the Paris Agreement, steel producers will need to halve their CO2 emissions from the steel-making process by 2030, rising to a 90% cut in emissions by 2040.
Innovative technologies are being developed to help the industry get there – substituting coal with renewable hydrogen being one of the most promising ones - but the task seems daunting. This side-event therefore aims to provide inspiration and to discuss some of the critical drivers of the green steel transition, including political strategies, collaboration across the value chain and the role of off-takers in supporting early market development.
In addition, the panel will address the importance of realizing the societal benefits associated with a just transition such as green growth and employment.
(Data sources: The Net Zero Industry Tracker (World Economic Forum – 2022), World Steel Association, McKinsey Decarbonization challenge for steel 2020 report)
Powering the Race to Net Zero:
Time & Date: November 16th, 14:00-14:45, @COP27 blue zone (Danish pavilion)
Batteries are made from a variety of metals: lithium, nickel, manganese, and cobalt, among others. Procuring these can be expensive, consequently limiting the pace of electrification. It also brings a set of important supply chain challenges. The underlying raw materials for some of these metals are considered critical minerals. Essential for many clean energy technologies, demand for these minerals is expected to grow significantly in the years to come. This could create bottlenecks – especially as production and processing operations are currently concentrated in a small number of countries. The resulting vulnerability of supply chains poses a serious threat to energy security.
How can supply chain risks be overcome to unlock the full potential of batteries in accelerating the green energy transition? The purpose of this side-event is to bring together leaders from industry, government, and multilateral organizations to discuss the following levers for clean energy security:
- How innovation in battery technologies can help improve material efficiency, reduce energy dependence, and expand battery applications to support electrification trends
- What governments can do to diversify supply sources for critical minerals and support the expansion of manufacturing capacity
- How public-private partnerships can help create the necessary domestic value chains
(Data Sources: World Economic Forum, Securing Clean Energy Technology Supply Chains (2022 report by IEA), McKinsey Capturing the battery value chain 2022)
Sustainable Aviation Fuels:
Clear Skies Ahead?
Time & Date: November 16th, 15:00-16:00, @COP27 blue zone (Danish pavilion)
21.2 gigatons of CO2. That is the amount of CO2 emissions that airlines expect to abate between now and 2050, noting that demand for aviation is likely to double in this time period. While today, emissions currently account for 3% of global CO2, this figure is set to grow and in a decarbonizing world, flying under the radar is not an option!
Sustainable aviation fuels (SAF) - cleaner fuels powered by alternative sources ranging from agricultural waste to carbon captured from the air – are a viable solution to ensure the flight industry can continuously deliver benefits to society in an environmentally sound way. Fully compatible with existing aircrafts and fueling infrastructure, they can help airlines cut their emissions by up to 84%, in the case of renewable fuels, and even 100% for e-jet fuels. Yet, while SAF are the most promising pathway to decarbonizing air travels, they currently make up only 0.1% of all jet fuel used.
This is about to change dramatically. Several governments have reinforced their commitment to climate action with new measures seeking to reinforce long-term energy security and accelerate energy transitions, including the US Inflation Reduction Act and the REPowerEU Plan. The total amount of government spending committed to clean energy transitions since the start of the pandemic amounts to USD 1.1 trillion.
This side-event brings together prominent speakers representing government, the flight industry at large and technology providers to discuss the massive implications of those initiatives. It will address critical aspects such as the need for investments in new production and blending facilities, expanded feedstock production, and ramping up fuel certification.
(Data sources: IATA, Clean Skies for tomorrow (Nov. 2020 report), European Commission, The U.S. White House, Topsoe)