Tubacex is committed to driving innovation in line with their NT2 (New Tubacex towards the Next Transition) strategic plan, particularly in the realm of low-carbon technologies. They have made significant strides in the Americas, Europe, and Southeast Asia with their specially engineered Corrosion Resistant Alloy (CRA) alloy-based tubular solutions (OCTG) for CO2 injection processes.
The focus on carbon capture initiatives is not just a business strategy; it’s a commitment to a sustainable future. The process of capturing CO2 from industrial facilities, transporting it safely, utilizing it in various industries, and storing it securely is a complex yet vital component of the net zero goal achievement.
With the International Energy Agency (IEA) emphasizing the need for Carbon Capture, Utilization, and Storage (CCUS) to increase over 40 times by 2030 to meet climate goals, Tubacex is at the forefront of this challenge. Without significant advancements in CCUS technologies, the shift away from fossil fuels in power generation and transport will require an unprecedented level of investment and global coordination.
Why is CCUS critical? It’s a realistic and necessary approach to netting emissions sectors where complete reduction isn’t feasible, such as heavy industries. It’s also crucial for enhanced oil recovery and creating sustainable industrial processes.
Tubacex’s advanced materials, developed specifically for the rigors of carbon capture technology, demonstrate their commitment to innovation and sustainability. The utilization of high specification CRA Materials, provide a secure/trustable solution to safety sequester and store the CO2 without jeopardizing the integrity of sequestration sites.
