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AUTOMAT1ON-
MAY|VOLUME2
SUSTAINABILITY
?ESG:MorethanDisclosureandRegulation
?ExxonMobilChampionsEnergyTransformation
?EnergyManagementStartswithMonitoring
?WhenAutomationMeansEmpowerment
?SmartPlantModernizationofCoreProcessControl
?TSNforTransformativeChange
?ThePowerofModernSimulation
?ControllingNonindustrial
Processes
?MQTTforSmartManufacturing
AsubsidiaryoftheInternationalSocietyofAutomation
TableofContents
AUTOMATION2024|MAYVOLUME2
SUSTAINABILITY
Page6SustainabilityBeyondDisclosureand
Regulation
JackSmith,A
HowmandatoryESGreporting,andautomationcanimprovemanufacturingoperationsandincreasethebottomline.
TheANDEquation:ExxonMobilChampions
Page13
EnergyTransformation
ByMelissaLandon,A
Alternatesourcesofenergyareplayinganincreasingroleintheglobalenergymix,butoilandgaswillcontinuebesignificant.Reducingemissionsiskey.
WhenAutomationMeansEmpowerment
Page19
ByJan-HenrikSvensson,Beamex
Howtechnology,data,andcalibrationcanhelpeliminateglobalpoverty.
Page24TSNAcceleratesPlantFloorTransformative
Change
ByJackLin,Moxa
Time-sensitivenetworkingimprovesIT-OTconvergence,whichisnecessaryforsuccessfuldigitaltransformation.
EnergyManagementStartswithEnergy
Page28
Monitoring
ByDanielWhite,Opto22
Byreducingenergyconsumption,organizationscansave
thousandsonelectricity,maintainmachinehealth,andreducetheircarbonfootprint.
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TableofContentsContinued
AUTOMATION2024|MAYVOLUME2
SUSTAINABILITY
Page32SmartPlantModernizationofCoreProcessControl
ByJonasBerge,ISAFellow,Emerson
Followtheserecommendationstoreduceemissions,improveenergyefficiency,andstopoverconsumption.
LeveragingthePowerofModernSimulation
Page43
ByRickKephart,Emerson
Digitaltwintechnologyiscriticaltonavigatingthenew,morecomplexenergygenerationlandscape.
MQTT:ThePathtoSmartManufacturing
Page51
Sustainability
ByRaviSubramanyan,HiveMQ
MQTT-basedstrategiesconsiderthemanufacturingenvironmentandcontinuallyseekopportunitiesforimprovement.
ControllingNonindustrialProcessesto
Page55
MitigateClimateChangeEffects
ByReneeBassett,A
BelaLiptak’snewbook,“ControllingtheFuture,”describeshowautomationprofessionalscanhelptackletheeffectsofclimatechange.
Whenwenamedourindustrialapplicationsoftware“Ignition”fifteenyearsago,wehad
noideajusthowfittingthenamewouldbecome...
DIGITALTRANSFORMATION
Ignition’sindustry-leadingtechnology,
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aSCADArevolutionthathasmanyof
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transformingtheirenterprisesfromthe
plantfloorup.
Withplant-floor-provenoperational
technology,theabilitytobuildaunified
namespace,andthepowertorunon-prem,
inthecloud,orboth,Ignitionistheplatform
forunlimiteddigitaltransformation.
OnePlatform,UnlimitedPossibilities
Visit/ignitiontolearnmore.
TRUSTEDBY
AboutAUTOMATION2021
TheAUTOMATION2021ebookseriescoversIndustry4.0,smartmanufacturing,IIoT,cybersecurity,connectivity,machineand
processcontrolandmoreforindustrialautomation,processcontrolandinstrumentationprofessionals.Tosubscribetoebooksandnewsletters,visit:
/newslettersubscription
.
AUTOMATION2021ispublishedsixtimesperyear(February,April,June,August,October,December)byA,asubsidiaryofISA—theInternationalSocietyofAutomation.Toadvertise,visit:
/en-us/advertise
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Introduction
SPONSORS
AUTOMATION2024|MAYVOLUME2
SAnternat。naS。cety。fAt。mat。n
settinthestandardf。rAut。mati。nTM
DigitalTransformationforSustainability
TM
Environmentalresponsibilityisincreasinglybeingseenas
fundamentaltobusinesssuccessandgrowth,andautomation
professionalsareoftencalledupontohelpcompaniesachieve
corporatesocialresponsibility(CSR)andsustainabilitygoals.
TheInternationalSocietyofAutomation(ISA)iscommitted
to“makingtheworldabetterplacethroughautomation”
inductive
automatione
regardingsustainabilitybysupportingnewwaystoaccelerate
environmental,social,andgovernance(ESG)activitiesacross
manufacturing,industry,andinfrastructure.Apositionpaper,
AchievingSustainabilityGoalswithAutomation
,discusses
balancingeconomicopportunityandenvironmentalresponsibility.
Whetheryou’rehelpingcustomersreachtheirESGgoals
orarelookingforwaystosupportyourcompany’sactivities
relatedtoenergyuse,carbonemissionsmanagement,andotherinitiatives,you’llfindinspirationinthisissueofAUTOMATION
2024.Theauthorsshowhowandwhereindustrialoperationscanbeleveragedtomitigatetheeffectsofclimatechangeorsupportanendtoglobalpoverty.Othershighlighttheroleautomation
playsintheglobalenergysector’sshiftfromfossil-basedsystemsofenergyproductionandconsumption—includingoil,naturalgasandcoal—torenewableenergysourceslikewindandsolar.
ReneeBassett
ChiefEditor
rbassett@
AboutAUTOMATION2024
TheAUTOMATION2024ebookseriescoversIndustry4.0,smartmanufacturing,IIoT,cybersecurity,connectivity,machineand
processcontrolandmoreforindustrialautomation,processcontrolandinstrumentationprofessionals.Tosubscribetoebooksandnewsletters,visit:
/newslettersubscription
.
AUTOMATION2024ispublishedfivetimesperyear(March,May,July,September,andNovember)byA,asubsidiaryofInternationalSocietyofAutomation(ISA).Toadvertise,visit:
/en-us/advertise
.
ReneeBassett,ChiefEditor
rbassett@
ChrisNelson,AdvertisingSalesRep
InternationalSocietyofAutomation
SettingtheStandardforAutomation?
groups/68581
automationdotcom
@automation_com
chris@
RichardT.Simpson,AdvertisingSalesRep
rsimpson@
GinaDiFrancesco,AdvertisingSalesRep
GDiFrancesco@
company/intern
ationalsocietyofautomation
InternationalSocietyOfAutomation
@ISA_Interchang
e
Trademarksusedinthisdocumentarethepropertyoftheirrespectiveowners.MAY2024■SUSTAINABILITY5
AUTOMATION2024VOLUME2
Sustainability
BeyondDisclosureandRegulation
HowmandatoryESG
reporting,andautomation,canimprovemanufacturingoperationsandincreasethebottomline.
ByJackSmith,
A
Data—whetherfinancialoroperational,isattheheartofenvironmental,social,andgovernance(ESG)regulationandreporting.Sowhile
sustainabilitymaybeacorporateobjective,themandatesrelatedtoESGbothdependonandaffectoperationsontheplantfloor.Becauseofthat,theautomationprofessionalsworkingtocreateandoptimizeplantflooroperationshaveanimportantroletoplayincorporate
sustainabilityefforts.
InhissessionattheIoTSolutionsWorldCongressinBarcelona,ISAPastPresidentandExecutiveBoardmemberCarlosMandolesispoke
abouthowautomationcanhelpcompaniesachievesustainabilitygoals.“Ithinkthere’samissingopportunityfortheautomationprofessionalsrelatedtosustainabilityinitiatives,”hesaid.“TherearealotofbusinessconsultantsandfinancepeopleinvolvedwithESGreporting,alotof
Board-andC-leveldiscussions,andlotsofPowerPoints.Thereisalot
oftalkbutnorealaction.Theautomationprofessionalsaretheones
whocanmakearealimpactbecausetheyknowtheirplantsand
processes,andtheyknowthecauseandeffect,sotheyuseautomationtechnologiestohelpcompaniesmakeanimpact.”
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MandatoryESG
reportingisareaIityformorethan39000
U.S.companiesduetotheEU,sCSRD.
ESGreportingrequiresdata
TheCorporateSustainabilityReportingDirective(CSRD)tookeffectforeligibleEUentitiesincorporatefiscalyear2024.Organizationswere
tostartimplementingESGreportingcapabilitiesandinfrastructurein2023topreparetheirCSRDreportingfor2024andbeyond.AccordingtoanOctober2023articlebyJimDeLoach,managingdirectorhostofTheProtivitiView,mandatoryESGreportingisarealityformorethan3,000U.S.companiesduetotheEU’sCSRD.
“CSRDcompliancerequiressubstantialdatacollection,cross-
functionalcollaboration,and,potentially,newreportinginfrastructure.Organizationsshouldbegincrucialpreparatoryworkimmediately
toimprovethesophisticationandrigoroftheirinternalcontrolsandgovernanceoversightrelatedtodatacollection.”
DeLoachalsosaidthedatathatfeedstheCSRDdisclosuresmustbetrusted,accurate,complete,andwell-defined.“Satisfyingthis
needrepresentsamassivechallengeformostcompaniesgiventhat
ESGdataispredominantlyunstructured,storedinmanydifferent
formats,andpulledfromnumeroussystems,applications,andsources
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throughoutthecompanyanditsthirdparties.Formostorganizations,financialdatagovernanceandmanagementlikelyisfarmore
sophisticatedthantheircurrentESG-relateddatagovernanceandmanagementprocesses.”
WhilemuchoftheESGemphasisisaimedatinvestingand
financialconsiderations,thefocusonreporting(mandatoryor
otherwise)cannotbeignored.“Companiesarefacingaconsiderable
increaseinthedemandforstandardizedESGdisclosurerulesand
reports,”saidCarolJohnston,globalvicepresidentfortheenergy,utility,andresourcesindustryatenterprisesoftwarecompanyIFS.“Itmeans
companiesarereallyfacingincreaseddemandsforhighqualitydatadisclosure—anddataitself—andnotjustfromstakeholders.
Formostorganizations,financialdatagovernanceand
managementlikelyisfarmoresophisticatedthantheircurrentESG-relateddatagovernanceandmanagementprocesses.
Measurementdeliversdata
Datareporting—whetherfinancial,whichinformationtechnology(IT)departmentsarereallygoodat;oroperational,whichencompasses
almosteverythingelse—isattherootofESGrequirements.Operationaltechnology(OT)is(orshouldbe)responsibleforaccuratedata
capturedfromenterpriseresourceplanning(ERP),manufacturing
executionsystems(MES),enterpriseassetmanagement(EAM)—
includingcomputerizedmaintenancemanagementsystems(CMMS)—emissionsrecords,andmore.Organizationsmustembedsustainabilitythroughouttheentirecompanytounlockrelevantdatahiddenwithintheirinfrastructure,whichwillfuture-prooforganizationsandensure
obligatorycomplianceandthereforecostsavings.
InJuly2023,theInternationalSocietyofAutomation(ISA)releaseditspositionpaper,“
AchievingSustainabilityGoalswithAutomation
.”As
AUTOMATION2024VOLUME2
thepaperdescribes,automationhasasignificantroletoplayinachievingsustainabilitygoals,andoffersnewwaystoaccelerateESGactivities
acrossmanufacturing,industry,andbeyond.Fromthepositionpaper:
“Measurementisagreatexampleofhowautomationcanoffer
immediate,accuratemonitoringdirectlyinproduction,ratherthanin
alaboratoryfacility—makingiteasierforcompaniesand[regulators]tomonitorforcompliance.Dataisincreasinglyavailableandistransparenttostakeholders,oftenwithalayerofanalysispoweredbymachine
learning[ML]orartificialintelligence[AI]toidentifypotentialareasofconcern.Thisremovesthepotentialforbiasinanalysis—whereone
engineer’sthresholddiffersfromanother’sinterpretation.Itfurther
producesdatathatfocusesontheskillsofemployeesratherthantheir
For“borndigital”facilitieslikethisPureCycleplasticsrecyclingplantinIronton,Ohio,notonlyisESGreportingautomated,soittheentireplant.
Courtesy:PureCycle
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identities—especiallyimportantascompanieshaveincreasedtheirstrategiceffortsondiversity,equity,andinclusion.”
Digitaltransformationofindustrialsystemsmeansmoreand
betterdataisavailable.Andsomenewcompaniesarebuildingin
bothdatacaptureandsustainabilitygoalsfromthestart.PureCycle
Technologiesholdsagloballicenseforthepatentedsolvent-driven
purificationrecyclingtechnologydevelopedbyTheProcter&GambleCompanydesignedtotransformpolypropyleneplasticwasteinto
acontinuouslyrenewableresource.JamesHaw,vicepresidentof
programmanagementanddigitalstrategyatPureCycleTechnologies
described
applyingdigitalizationfromthegroundupwhenbuildingnewplasticrecyclingfacilities.
Hawsaidthenewfacilitiesare“borndigitallikeaplanned
community”soallaspectsoftheproductionfacilityandbusinessarefullydigitizedfromthebeginning,andalldataisheldwithinacommondatalake.Thisincludesallsystemsthatcontributetoanddrawfromthedatalake,whetheronpremiseorcloud-hostedincludingprocessautomation,maintenance,engineering,operations,HSSE[Health,Safety,Security&
Environment],buildingautomationandbusinesssystems.Thatmeans,“notonlyisESGreportingautomated,soittheentireplant,”saidHaw.
Newvaluechains:greenhydrogen,CCUS,lithiumbatteries
InanISAConnecttechnicalforum,ISAFellowJonasBerge,whoisalsoseniordirectorofappliedtechnologyatEmerson,hadmuchtosay
inresponsetothequestion,“Canyouprovideexamplesofsuccessful
automationprojectsthathavesignificantlyimprovedsustainabilityinamanufacturingsetting?”
Bergesaidplantsdeploymultipleautomationsolutionstoenhancesustainability,suchasthemonitoringofheatexchangers,cooling
towers,air-cooledheatexchangers,steamtraps,pressurereliefvalves(PRV),industriallight,emergencyreliefvents,thiefhatches,seals
(methaneleaks),energymanagementmeteringandsubmetering,pilot-operatedPRVs,andadvancedprocesscontrol(APC).(SeeBerg’s
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fullarticleonthetopic,SmartPlantModernizationofCoreProcessControl,elsewhereinthisissue.)
“Inadditiontothat,”Bergecontinued,“thereisallthespecializedautomationthatgoesintobuildingplantsfor“thenewvaluechains”includinggreenhydrogen,lithiumbatterymanufacturing,andcarboncapture,utilizationandstorage(CCUS):
?Hydrogenvaluechainplantsapplyautomationtoelectrolyzers,
reformers,compression,liquefaction,pipeline,transportation,storage,hydrogenblendingintonaturalgas,andhydrogenrefuelingstations.
?Thelithiumbatteryvaluechainencompassesmining,
concentration,refining,batterychemicals,andcellmanufacturing.
?Thecarboncapturevaluechainencompassesmembrane/PSA/VSA/amine,compression,pipeline,storage,injectionwell,andmore.
Bergealsocommentedonthemostcommonbarriersto
integratingautomationforsustainability.Henotedthelackofversatilewirelesssensornetworkinfrastructureandsensors,andthatdeployingstandards-basedwirelessinfrastructureandsensorscanovercomethissituation.Hesaidstandards-basedarchitecturecanovercomethelackofunifiedarchitecturefordataandindustrialsoftware.Inaddition,headvocatedusingready-madeappsinsteadofattemptingtocodeyourownsoftware,andinsteadofattemptingtousemachinelearning,usefirstprinciples,hesaid.
“Thetechnologyandinnovationstoimprovesustainabilityarealreadyherebutarefuturistictomanyplantsastheyhavenotyetdeployedthem,”Bergesaid.Theyinclude:
?Wirelesssensornetworkinfrastructureandsensors:WirelessHART(IEC62591).
?Standards-basedarchitecturefordataandindustrialsoftware:
OPC-UA(IEC62541).
?Ready-madeapps:mechanisticAI.
?Firstprinciples(1P)apps:mechanisticAI.
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“Sustainableenergyandsustainablegoodsrequirenew
infrastructure,andthisinfrastructurerequiresautomation,”added
Berge.“Withoutautomationthereisnosustainability.Asthepopulationandthemiddleclasswithinthatpopulationgrows,wewillneedmoreautomationtokeepup.”
Movingsustainabilityforward
Howshouldorganizationsimplementnewtechnologiestohelpuse
collecteddatatodrivechangeandcomplywithregulations?Caitlin
Keam,seniordirectorofsustainabilityapplicationsatIFS,said,“Get
yourdataintosystems.Onceit’sinsystems,youcandoalotwiththe
datathatexiststhere.Oncethedataisin,thenextstepisensuringdataquality,thenyoucanstartdoinganomalydetectionandsoon.
“Aswegoon,[thedata]getsbetterdefinedandconsistent,”Keamcontinued.“Onceyouhavetherightdatafoundation,there’slotsof
technologythatyoucanusetosupportyouthroughautomation,understandingthedata,havingtherightinsights,andhavingtheinsightsonamoregranularlevel.”
AddedISA’sMandolesi,“Organizationsandentitiesthatfocus
theirattentiononsustainableautomationwillbenefittremendously.
Costreduction,increasedsafety,andgreaterworkforcedevelopment
opportunitiesaretheimmediatelyapparentbenefits,butleadersmustalsorecognizetheopportunitytodemonstratetheirESGleadershipinaclimatewhereenvironmentalresponsibilityisfundamentaltobusinesssuccessandgrowth.”
ABOUTTHEAUTHOR
JackSmith
isseniorcontributingeditorfor
A
,thenewsandinsights
subsidiaryofthe
InternationalSocietyofAutomation(ISA)
.JackisaseniormemberofISA,aswellasamemberofIEEE.HehasanAASinElectrical/ElectronicEngineering
andexperienceininstrumentation,closedloopcontrol,PLCs,complexautomatedtestsystems,andtestsystemdesign.Jackalsohasmorethan20yearsofexperienceasajournalistcoveringprocess,discrete,andhybridtechnologies.
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TheANDEquation:
ByMelissaLandon,A
ExxonMobilChampionsEnergyTransformation
Alternatesourcesofenergyareplayinganincreasingroleintheglobalenergymix,butoilandgaswillbesignificant.Reducingemissionsiskey.
WadeMaxwell,vicepresidentofengineering,atExxonMobilTechnology&EngineeringCompany,deliveredakeynoteaboutExxonMobil’seffortstowardenergytransitionatthe2024ARCForum.Heintroduced“The
ANDequation,”whichassertstheimportanceofnotonlymeeting
society’senergyandproductneedsbutalsoreducingemissionsatthesametime.
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“Alternatesourcesofenergylikesolarandwindareplayingan
increasingroleintheglobalenergymix,”Maxwellnoted.“However,
undermostcrediblescenarios,includingthenetzeropathways,oil
andgaswillcontinuetoplayasignificantrolefordecadestocome.
Withthatinmind,wearecontinuingtoworkinmultipleareastomeettheneedsofsocietytodayforreliableandaffordableenergyproductswhileworkingtoreduceourowngreenhousegasemissionsaswellashelpingothersdothesame.That’sthe‘AND’equation.’“
ExxonMobilrecentlyestablishedacentraltechnologyand
engineeringcompanycalledEMTechthat’sdesignedtoscale
capabilitiesacrossthecorporation.“Watchingthecollaborationand
innovationofourscientists,engineers,andprojectmanagerswho
areuniquelycalledtotakeonthechallengesoftodayfillsmewith
confidenceandexcitementaboutwhattheseadvancementsmeanforthefuture,”Maxwellsaid.
ExxonMobilcurrentlyproducesaboutamilliontonsofhydrogenperyearandisworkingtodevelopnewtechnologytoproduceitatalowercost.
‘TheANDequation’
Formorethan140years,ExxonMobilhasdeliveredenergyandproductstomeetsociety’sneedstoincreaselivingstandardsanddriveeconomicgrowth.Thekeytosuccessinthatperiodoftimehasbeenthe
company’sabilitytoevolveandmeetsociety’sneedsthathavechangedovertime.Underpinningthatisthedevelopmentofnewtech,Maxwellexplained.
“Asthepopulationgrowsandbecomesmoreprosperous,thecallonenergyincreases,”Maxwellsaid.“Gettingonapathwaytonetzerointhatcontextisanimmensechallengethatwillrequireunprecedentedinnovationandcollaborationatanimmensescale.”
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“TheANDequation”involvesusingvariousprojectstobalancethecalltoprovidesocietywithreliableandaffordableenergyproductsandreducegreenhousegasemissions.Respondingtothischallengewill
involveinnovatingnewtechnologyacrossmultipledisciplines.MaxwelldescribedsomeofExxonMobil’scurrentinitiativesworkingtoward
thesegoals.
RecentIEANetZeroandIPCCScenariosestimatedtheworldneedsaround400milliontoabilliontonsofDACCO2removalcapacityperyearby2050.
Carboncapture:Directaircapture.Lastyear,ExxonMobilannouncedthefirstthreeagreementstocapture,transportandstoreCO2fromthirdpartiesontheU.S.GulfCoastaspart
ofitsLowCarbonSolutionsbusiness.Thefirstofthose
projectsisexpectedtobeginin2025.Theseprojectsinvolvethefertilizerindustry,anindustrialgas
producer,andasteelmanufacturer.
Directaircapture(DAC)isanewtechnologythatusesabsorbentmaterialtoremoveCO2
directlyfromtheatmosphere.DACisslatedto
becomeoneofthepivotaltechnologiesinthe
energytransition.“RecentIEANetZeroandIPCCScenariosestimatedtheworldneedsaround400
milliontoabilliontonsofDACCO2removalcapacityperyearby2050,”Maxwellsaid.
Somepeopleidentifytreesasanalternativeto
DAC.Whiletreesarecheapandeasytoimplement,theypresentchallengesinrateandcapacity.“Asa
ruleofthumb,onetreecanabsorbaboutfourtonsofCO2overthecourseof40years,”Maxwellexplained.
“Comparethatwithaworld-scaleDACplantthatcanremoveaboutonemilliontonsofCO2everyyear.”
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“JustoutsideofHouston,wehaverecentlycompletedconstructionofourfirstDACpilotplant,”Maxwellsaid.“Weareworkingwith
researchersandengineerswhoareusingthatpilotplanttodevelopcommercialscaleDAC,whichwillprovidealow-costsolution.”
Hydrogen:Acarbon-free,low-costopportunity.“WhenIstartedasaprocessengineer,hydrogenwaseverywhere,”Maxwellsaid.“Itiscarbonfree,soit’sagreatlow-costopportunitytoreduceemissionsinthehigh-emittingindustrialsectors.Weexpectittoplayanimportantroleintheenergytransition.”
ExxonMobilcurrentlyproducesaboutamilliontonsofhydrogen
peryearandisworkingtodevelopnewtechnologytoproduceitata
lowercost.“Wearewelladvancedondevelopingaprojectthatwethinkwillbetheworld’slargestbluehydrogenfacilityinHouston,”Maxwell
said.“Thefacilitywillcreateaboutabillioncubicfeetofhydrogenperdayfromnaturalgas.That’senoughtopower1.5millionhomes.”Asanaddedbonus,ExxonMobilwillcapture98percentormoreoftheCO2fromthatfacility,whichequatesto7milliontonsperyear.
Plastics:Processingabillionpoundsofplasticwasteperyear
by2026.Plasticsareeverywhere:phones,laptops,vehicles,packaging,personalprotectiveequipment,andsurgicaldevicesrelyonit.“The
ANDequation”appliesherebecauseit’sachallengetobalancesociety’sneedfortheseplasticproductswiththeresponsibilitytodealwiththeglobalplasticwasteproblem.
“WeareaddressingplasticwastethroughaprocesscalledAdvancedRecycling,”Maxwellsaid.“Unliketraditionalrecycling,Advanced
Recyclingdoesn’tlimititselftomaterialsyoucangrindupandmeltintorecycledplastic.Theprocessconvertsplasticwastebacktoitsmolecularbuildingblocksthatcanbeusedtomanufactureotherusefulproducts.”
In2022,ExxonMobilstartedupanAdvancedRecyclingfacility,
whichhasprocessedmorethan40millionpoundsofdiscardedplasticasofOctober2023.“Weareworkingtobuildourglobalcapacityto
processaboutabillionpoundsperyearofplasticwastebyyear-end2026,assumingsupportivepublicpolicy,”Maxwellexplained.
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Lithiumproductionproject.ExxonMobil’splannedlithiumprojectinArkansaswouldpresentanewsourceoflithiumproductionthroughanewtechnologycalleddirectlithiumextraction,whichwillhavea
significantlylowerenvironmentalimpact—approximatelytwo-thirds
lesscarbonintensitywhencomparedwithhardrockmining.Thegoalistobeginproductionin2027.
Finalthoughts
“Weannouncedthatweplantoinvestmorethan20billiondollarsinloweringemissionsbetween2022and2027,”Maxwellsaid.“Abouthalfofthatinvestmentisintendedtoreduceemissionsfromour
ownoperatedassets.Thebalanceisreducingemissionsfromothercompanies.Wearedeliveringonbothsidesofthe‘AND’equation.”
Maxwellemphasizedthatnosingletechnologyormagicbulletcancarrytheenergytransitiononitsown.“Weneedadvancesinmultipletechnologiesatthesametime,”hesaid.
Sustainability,particularlythroughenergytransitionand
decarbonization,wasamajorthemeatthisyear’sARCindustry
forum.Leadingenduserexecutivessharedtheirplansforincreasedinvestmentinsustainabilityrelatedinitiatives,allofwhichwillrequireadvancedformsoftechnologytomakethemhappenaswellasnewthinkingaroundlegacyinvestments.Findoutmorefrom
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