Global Valve and Controls

Will the Solar Power industry take over the Petrochemical industry?

After oil sky rocketed down around the world, a new technology emerged in Norway which focuses primarily on offshore solar power. When oil started going down in 2014, many engineers lost their jobs and are still looking for work in the O&G industry. The downturn brought, Øyvind Christian Rohn ideas on how to create a new renewable source, even possibly create more jobs than the O&G industry supplies. He created the idea of having offshore solar power technology.  The idea is to have the "technology that will have solar farms that can float on the ocean surface, with their power transmitted back to land. Since physical space is limited in population centres, especially in areas of high growth such as South East Asia, its idea is to use the ocean’s surface around the world."

In Norway, The petrochemical industry is still hierarchy but according to Rohn, "It is becoming the long-term solution for the world because it is abundant energy and costs have gone down rapidly." The solar industry is still very new technology and is currently being used at 1% but the idea is growing very fast. In fact, the municipal county in Oslo is offering households a subsidy of 30% of the investment to install solar panels in their homes.

Cost is not the only thing that many people factor in the challenge is that they have grown up with the idea of having the O&G sector. People have worked in the industry, thus has become part of their culture. The main challenge would be to switch to green energy.


A broader look at the Petrochemical Industry

Petrochemicals are chemicals made from petroleum (crude oil) and natural gas. Petroleum and natural gas are made up of hydrocarbon molecules.

Like all chemicals, petrochemicals are produced on a very large scale. Manufacturing plants are located worldwide and the chemicals are made in batches. The large scale petrochemical manufacturing locations have clusters of manufacturing units that share utilities and large scale infrastructure such as power stations, storage tanks, port facilities, and road and rail terminals

Oil and gas are the main sources of the raw materials because they are the least expensive, most readily available, and can be processed most easily into the primary petrochemicals listed on the left.
Only about five percent of the oil and gas consumed each year is needed to make all the petrochemical products.

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