Practitioner view on trens seen in traditional Oil & Gas Innovation for alternative energy, versus Venture driven Cleantech innovation. Main technology levers and required co-operation of the two in order to succeed in the long term transition form our current Hydrocarbon to a Methanol or Hydrogen economy.

1. CHF
–
T.T.
Chao
Symposium
on
Innova&on
Conven&onal
and
Clean
Tech
Innova&on
A
Downstream
Oil
&
Gas
Prac&&oner
View

2. Topics
• Simple
Framework
for
Innova&on
• Downstream
Oil
&
Gas
• Cleantech
• Conclusions

3. Framework
R&D
=
Technologies
Innova&on
Business
Human
models
Resources

4. Downstream
O&G
R&D
=
Technologies
Economy
of
Scale
–
standardize
Further
away
from
end
customer
Reduce
Costs
year
on
year
Innova&on
Less
people
Business
Human
models
Resources

5. Downstream
O&G
R&D
=
Technologies
Long
term
view,
high
expense
SelecAve
large
plays
–
e.g.
Algae
Limited
“venturing”
success
Innova&on
Business
Human
models
Resources

6. Downstream
O&G
R&D
=
Technologies
No
longer
employed
for
life
“Crew
Change”,
drain
experAse
Innova&on
Limited
jobs
for
“Interpreneurs”
Business
Human
models
Resources

7. Cleantech
a
term
used
to
describe
knowledge-­‐based
products
or
services
that
improve
opera&onal
performance,
produc&vity,
or
efficiency
while
reducing
costs,
inputs,
energy
consump&on,
waste,
or
pollu&on.
(Wikipedia)
Oil
&
Gas
has
delivered
many
of
these
businesses!

8. Cleantech
Ventures
Technologies
Short
term,
fail
fast
or
win
big
Agile,
fluid,
adapAve
Bootstrap
mode
Innova&on
All
technology
plays
Close
to
the
customers
Business
Human
models
Resources

9. Cleantech
Ventures
Technologies
Renewables
–
in
need
of
High
Prices
and
$
to
Scale
UnconvenAonal,
Climate
Friendly?
Requires
Customers
to
trial
Innova&on
Business
Human
models
Resources

10. Cleantech
Ventures
Technologies
GeneraAon
X
&
Y
expectaAons
Lots
of
CreaAvity
Feel
good
factor
Innova&on
“Crew
Change”,
inflow
experAse
Business
Human
models
Resources

11. Conclusions
• Innova&on
will
be
delivered
by
both
Tradi&onal
O&G
and
Cleantech
Ventures
• Requires
intense
co-­‐opera&on
• Important
Technology
levers
– Nanotechnology
– Reduc&on
of
wasted
hydrocarbons
&
energy
– Addressing
adverse
climate
impact
of
unconven&onal
energy
sources

12. Does
it
give
you
Energy?