Global VCM capacity is poised to see considerable growth over the next five years, potentially increasing from 51.87 mtpa in 2020 to 57.06 mtpa in 2025, registering total growth of 10 percent.
GlobalData forecast model measures the reaction of rigs to three different price levels, with WTI = US$ 55/70/85 per barrel of oil.
The global drive towards decarbonization is shifting Russian policy on renewable energy. For years, Russian policymakers claimed that decarbonization was a problem for later, with no long-term goals for expanding into renewable energy.
SAF provides a sustainable solution for reducing carbon dioxide emissions in the aviation industry, with more companies trying to go carbon-neutral.