transform
European energy markets
Europe is the leader in Energy Transition
- Strong and demonstrated commitment to a ‘Net Zero’ future
- Transition of existing energy infrastructure will dominate
- Geopolitical impact accelerating changes
UK is the most developed regulatory market in Europe
- Highly attractive regulatory framework and policy support
- Infrastructure, expertise and customer demand already exists
- Speed of government policy in project delivery
A hydrogen revolution is coming
- Scalable and affordable low-carbon solution
- Store for clean energy
- Europe will be a producer and an importer – India will be a key exporter
Refined products will continue to play a major role
- Critical fuel source for the foreseeable future – ‘stronger for longer’
- Opportunity to decarbonise refineries
- Biofuels offer upside and longevity
Industry is ‘lowest hanging fruit’ for wide-scale decarbonisation
- Cost efficient & impactful; much lower risk relative to other decarbonisation alternatives
- Highly motivated customer base and industrial partners