Industrial Sector Under Pressure: Rising Fuel Costs and Stringent Emissions Drive Demand for Practical, Cost-Efficient Innovations
The industrial sector, including cement and steel manufacturers, is facing rising fuel costs while grappling with significant challenges related to emissions. Stricter environmental regulations, including carbon pricing and emissions limits, are pushing manufacturers to innovate. Technologies like Carbon Capture, Utilization, and Storage (CCUS) are prohibitively expensive from both a capital expenditure (CapEx) and operational expenditure (OpEx) standpoint, making it challenging to justify its adoption.
Manufacturers need practical emissions reduction technologies that work now, with existing combustion systems.