Engineering a Sustainable Future Through Modular Solutions .
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Blue wave
Henrik discusses the impact of the recently enacted Inflation Reduction Act ( IRA ) on the industry and on Topsoe ’ s business . This legislation is part of the US government ’ s climate package which aims to encourage everyone to produce blue or green fuels . “ The introduction of the IRA has resulted in a significant influx of projects from around the world to the US . The IRA is a game-changer for global companies looking to build and operate blue and green plants in the US . The incentives made available in the IRA has sparked immense interest and enabled us to license numerous plants in the past eight-to-ten months . In other words , the IRA has vastly increased interest in blue fuel which will significantly drive down greenhouse gas emissions ,” he emphasizes .
Engineering a Sustainable Future Through Modular Solutions .
Energy Transition Projects
Renewable Fuels Hydrogen Generation Plastics Recycling Biomass to Fuel Carbon Capture
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This government-backed development has driven significant growth for Topsoe . However , Henrik ’ s ambition goes beyond current achievements , as he shares his vision for further development . “ I believe that blue ammonia will become the new liquefied natural gas ( LNG ) in the market . Currently , the US has numerous LNG terminals located along its coastlines , serving as points of export . These terminals facilitate the transportation of LNG to various destinations worldwide , ensuring the continuous flow of energy resources to support global operations . Many countries rely on importing natural gas because it is not readily available domestically . However , I think that blue hydrogen and blue ammonia will be taking a larger share in the marketplace because they are decarbonized . Thus , I expect the US to build hundreds of blue plants over the next ten years , but there are limitations to the rate of construction . “ Indeed , managing large-scale projects worth billions of dollars in the chemical industry requires specific expertise and resources , such as large engineering , procure , and construction ( EPC ) companies and skilled workers , of which many more will be needed than currently available . As previously mentioned , there will be a need to construct hundreds of large blue plants within the next 20 years . However , it is important to acknowledge the challenges of simultaneous construction . While licensing 100 plants is feasible for Topsoe , the EPC industry will not have the capacity to construct all of them at the same time . Realistically , we may only be able to build ten-to-15 plants simultaneously . Consequently , to meet the demand effectively , there would need to be a staggered approach to construction , allowing for the gradual and manageable implementation of these projects .
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