Charikleia Karakosta
- University of Macedonia, Department of Business Administration, 156 Egnatia Street, 54636, Thessaloniki, Greece; ENVIROMETRICS Technical Consultants SA, 3 Kodrou str., 15232 Chalandri, Greece
Abstract:
The urgency to decarbonize all industries, including petroleum refining, is driven by ambitious net-zero targets and a global shift towards renewable energy. The sector’s significant contribution to greenhouse gas emissions underscores the urgent need to explore alternative energy sources and innovative technologies to mitigate climate impacts while enhancing energy security. This paper examines the potential role of green hydrogen in reducing emissions and transforming Europe’s energy system. It comprehensively analyzes the global and EU-level hydrogen market landscape, focusing on production, consumption, and market segmentation. The paper examines the integration of large-scale electrolysis in refinery operations, assessing market identification, sizing, and potential replication. A PESTEL analysis is used to identify factors influencing the transition to hydrogen-based technologies, emphasizing pre-normative research, communication, and regulatory frameworks. The findings contribute to policymaking, investment decisions, and the successful integration of hydrogen into petroleum refining processes
Tenth International Scientific-Business Conference LIMEN Leadership, Innovation, Management and Economics: Integrated Politics of Research - LIMEN 2024 - International Scientific-Business Conference – LIMEN 2024: Vol 10. Conference Proceedings , December 5, 2024
Conference Proceedings published by: Association of Economists and Managers of the Balkans, Belgrade, Serbia
ISBN: 9788680194929 , ISSN: 26836149 , DOI: 10.31410/LIMEN.2024
Creative Commons Non Commercial CC BY-NC: This article is distributed under the terms of the Creative Commons Attribution-Non-Commercial 4.0 License (https://creativecommons.org/licenses/by-nc/4.0/) which permits non-commercial use, reproduction and distribution of the work without further permission.
