Current & Ongoing Deep Explorations
Green Steel
Steel production accounts for approximately 9% of global human-caused CO₂ emissions annually, making it the most carbon-intensive heavy industry. With mounting regulatory pressures, such as the EU’s Carbon Border Adjustment Mechanism (CBAM), the shift toward decarbonization is accelerating. Emerging technologies, including hydrogen-based processes, alternative reductants, and electrochemical innovations, offer a pathway to significantly reduce emissions, aligning with global climate goals and transforming the industry’s environmental footprint.
Maritime Decarbonization
Global shipping is the backbone of international trade, but it comes at a cost—contributing 3% of global CO₂ emissions. Mounting regulatory pressures, such as the EU’s extended Emissions Trading System and the IMO’s net-zero targets, are driving the need for cleaner solutions. Long asset lifespans of 20-40 years make it challenging to replace fossil-based fleets, while the inherent conflict between cost-conscious ship owners and operators adds further complexity. As the industry transitions to a multi-fuel future, emerging solutions like ammonia, methanol, electrification, advanced biofuels, and carbon capture offer promising pathways to balance cost, infrastructure, and operational realities.
Geothermal Power
For the first time in two decades, the demand for electricity is expected to skyrocket, stressing the need for clean, firm, baseload power. Geothermal’s technological and political tailwinds are coinciding with this market demand to propel it as a frontrunner to supply renewable electricity, storage and industrial heat.