PTDF’s breakthrough research on zeolite for tackling industry challenges – ES
NNN: The Petroleum Technology Development Fund (PTDF) says its innovative research on developing zeolite (refining catalyst) from kaolin sources is a deliberate and strategic approach to providing solutions to specific industry challenges.
Executive Secretary, PTDF, Dr. Bello Gusau, said this on Thursday, in Abuja, at the Society of Petroleum Engineers (SPE) Annual Oloibiri Lecture Series and Energy Forum 2022 (OLEF) conference.
The Nigerian News Agency reports that the 2022 conference is themed “Global Energy Transition: Implications for Future Investments in Nigeria’s Oil and Gas Industry.”
Zeolite catalyst is an important chemical for petroleum refining and for a variety of applications in the petrochemical industry.
Gusau, represented by Adebulehin, General Manager, Strategic Planning, PTDF, urged relevant stakeholders to partner with the Fund in developing a pilot plant for Zeolite production.
According to him, the Fund, under section one of the PTDF Act, has the power to develop, promote and implement petroleum technology and manpower development through research and training of Nigerians in relevant oil and gas fields. .
The Executive Secretary, stating that the PTDF had implemented these mandates for the past 20 years, extended an open invitation to anyone who wanted to partner with the PTDF in this regard.
Speaking on the energy transition, he underlined the need for training, technology development and capacity building as important enablers to achieve the goals and aspirations of the energy transition in Nigeria.
He said that the Oil and Energy Industry urgently needed technology and skills to increase its viability and profitability.
“In the wake of the energy transition, especially for upskilling and technology development, capacity building will be at the forefront when it comes to discussions on the energy transition in the Nigerian oil and gas industry,” he said. .
He said in a recent publication that the Energy Information Administration (EIA) projected a nearly 50 percent increase in the use of renewable energy in the world.
“While oil and other liquid fuels are projected to likely remain the world’s largest energy source in 2050, renewable energy sources, including wind and solar, will grow at about the same rate,” he said.
Based on this projection, he said that future investments in Nigeria’s oil and gas industry may decline due to the global push for clean energy.
According to him, currently, the Nigerian Petroleum Industry contributes about 80 percent of the Federal Government’s revenue and 90 percent of Nigeria’s export earnings.
However, he said it had become very important that we start thinking about alternative sources of energy outside of the fossil-based energy production and consumption system (including oil, natural gas and coal).
He said more attention should be paid to renewable energy sources like wind and solar, as well as lithium-ion batteries.
“In addition, the industry is struggling to recover from the negative effects of the COVID-19 pandemic and in the midst of this slow recovery; faces rising oil prices as a result of the ongoing war between Russia and Ukraine.
“Typically, the sharp rise in crude oil prices from less than $60 a barrel last month to $120 a barrel today is what should benefit the country.
“But the poor state of Nigeria’s refineries makes it very difficult to maximize profits as is the case in other oil-producing nations around the world,” he said.
He expressed the guarantee of the absolute commitment of PTDF to continue supporting the activities of SPE in the future.
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