Navigating Green Compliance

Digital Innovations in Oil and Gas with Geoffrey Cann

Are you curious how the European Union’s Deforestation Regulation (EUDR) might impact the global oil and gas industry? It will indirectly, thankfully, but in a specific instance and for a specific fuel type, very directly.

The fuels industry is on a mad rush to decarbonize its fuel products, under pressure from regulators and customers both of whom are seeking fuels that produce far fewer damaging emissions. One way to decarbonize fuels is through the development and adoption of sustainable fuels that are produced by converting biomass (such as corn, sugar cane, soy, rapeseed, straw, wood chips) into ethanol, bio diesel, and sustainable aviation fuel.

Bio fuels, the product of converting biomass to a fuel, is the fuels industry’s answer to the circular economy. Biomass is basically a vector to recycle atmospheric CO2, by first converting C02 into plants (Nature’s contribution), then turning the plants into bio fuel (a humankind speciality), and burning the biofuel as energy, releasing the CO2 back into the atmosphere where it then is converted back into a plant.

Bio fuels, depending on their origins, fall into the category of derivative products for the purposes of the EUDR.

A clever way to track and trace the provenance of a specific fuel product, including one that is blended, traded, and stored, is to accompany the product with a digital passport or record of the life of the bio fuel.

Additional Tools & Resources:

🎬 Go backstage and check out my studio: 👉 https://geoffreycann.com/mystudio/ 🎓 Take my one day digital strategy training course for oil and gas: 👉 https://www.udemy.com/course/digital-oil-and-gas/?referralCode=0161D4D49AB75735A185

Connect with Me:

🖥️ Blog series: https://digitaloilgas.substack.com/ 🎧 Podcast: https://geoffreycann.com/broadcast/ 📇 Linkedin: https://www.linkedin.com/in/advocate-digital-innovation-for-energy/

🤬 X: https://x.com/geoffreycann

Contact for Lectures and Keynotes:

I speak regularly on these and other topics. Contact me to book a brief call about your upcoming event needs. Click here 👉 https://geoffreycann.com/contact/

Disclaimer:

The views expressed in this podcast are my own and do not constitute professional advice.

Download the Transcript!

Want the actual script that this podcast is based on? You can download the transcript for this podcast here: 👉 https://digitaloilgas.substack.com/p/navigating-green-compliance