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Practitioner view on trens seen in traditional Oil & Gas Innovation for alternative energy, versus Venture driven Cleantech innovation. Main technology levers and required co-operation of the two in order to succeed in the long term transition form our current Hydrocarbon to a Methanol or Hydrogen economy.
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Conven&onal and Clean Tech Innova&on
A Downstream Oil & Gas Prac&&oner View
CHF – T.T. Chao Symposium on Innova&on
• Simple Framework for Innova&on • Downstream Oil & Gas
• Cleantech • Conclusions
Topics
Framework
R&D = Technologies
Innova&on
Business models
Human Resources
Downstream O&G R&D = Technologies
Business models
Human Resources
Innova&on
Economy of Scale – standardize Further away from end customer Reduce Costs year on year Less people
Downstream O&G
R&D = Technologies
Business models
Human Resources
Innova&on
Long term view, high expense SelecAve large plays – e.g. Algae Limited “venturing” success
Downstream O&G R&D = Technologies
Business models
Human Resources
Innova&on
No longer employed for life “Crew Change”, drain experAse Limited jobs for “Interpreneurs”
Cleantech a term used to describe knowledge-‐based
products or services that improve opera&onal performance, produc&vity, or efficiency while reducing costs, inputs, energy consump&on,
waste, or pollu&on. (Wikipedia)
Oil & Gas has delivered many of these businesses!
Cleantech Ventures Technologies
Business models
Human Resources
Innova&on
Short term, fail fast or win big Agile, fluid, adapAve Bootstrap mode All technology plays Close to the customers
Technologies
Business models
Human Resources
Innova&on
Renewables – in need of High Prices and $ to Scale UnconvenAonal, Climate Friendly? Requires Customers to trial
Cleantech Ventures
Technologies
Business models
Human Resources
Innova&on
GeneraAon X & Y expectaAons Lots of CreaAvity Feel good factor “Crew Change”, inflow experAse
Cleantech Ventures
Conclusions
• Innova&on will be delivered by both Tradi&onal O&G and Cleantech Ventures
• Requires intense co-‐opera&on • Important Technology levers – Nanotechnology – Reduc&on of wasted hydrocarbons & energy – Addressing adverse climate impact of unconven&onal energy sources
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