At Tubacex, we are committed to driving innovation in line with our NT2 (New Tubacex towards the Next Transition) strategic plan, particularly in the realm of low-carbon technologies. As a global leader in advanced industrial products, we’re proud to highlight our significant strides in the Americas, Europe, and Southeast Asia with our specially engineered Corrosion Resistant Alloy (CRA) alloy-based tubular solutions (OCTG) for CO2 injection processes.
Our focus on carbon capture initiatives is not just a business strategy; it’s a commitment to a sustainable future. The process of capturing CO2 from industrial facilities, transporting it safely, utilizing it in various industries, and storing it securely is a complex yet vital component of the net zero goal achievement.
With the International Energy Agency (IEA) emphasizing the need for Carbon Capture, Utilization, and Storage (CCUS) to increase over 40 times by 2030 to meet climate goals, Tubacex is at the forefront of this challenge. We understand that without significant advancements in CCUS technologies, the shift away from fossil fuels in power generation and transport will require an unprecedented level of investment and global coordination.
Why is CCUS critical? It’s a realistic and necessary approach to netting emissions sectors where complete reduction isn’t feasible, such as heavy industries. It’s also crucial for enhanced oil recovery and creating sustainable industrial processes.
Tubacex is not just a participant in this journey; we are a key driver. Our advanced materials, developed specifically for the rigors of carbon capture technology, demonstrate our commitment to innovation and sustainability. The utilization of high specification CRA Materials, provide a secure/trustable solution to safety sequester and store the CO2 without jeopardizing the integrity of sequestration sites.
We believe in the power of collaboration and the need for aligned economic incentives and regulatory frameworks to scale CCUS effectively. As we venture into this era of technological advancement and environmental responsibility, Tubacex stands ready to contribute significantly to achieving global climate goals.