Circular Economy in Oil and Gas – Thematic Intelligence
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Circular Economy in Oil and Gas Thematic Report Overview
The circular economy involves recycling, reusing, and repurposing products to extend their usable lifetime. Oil and gas companies can invest in producing circular polymers, which make it easier to recycle plastics. They can increase their recycling capacities, allowing them to fulfill ESG goals by reducing virgin plastic production. They can also diversify into bioplastics which offer better recycling potential as compared to conventional plastics.
The circular economy in oil and gas thematic report discusses the need for developing a sustainable approach toward maintaining a circular economy in the oil and gas sector. The report presents GlobalData’s Circular Economy Framework that demonstrates how a product’s lifecycle is circular through the production cycle and the service cycle. The report also gives an insight into the key players and the competitive landscape of the oil & gas companies within the circular economy theme.
| Key Trends | · Industry Trends
· Technology Trends · Regulatory Trends |
| Key Oil and Gas Companies | · BP
· Dow Chemical · ExxonMobil · LyondellBasell · OMV |
| Key Plastic Recycling Technology Companies | · Agilyx
· BlueAlp Innovations · Carbios · Indaver · Loop Industries |
| Enquire & Decide | Discover the perfect solution for your business needs. Enquire now and let us help you make an informed decision before making a purchase. |
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Circular Economy in the Oil and Gas Industry - Trends
The main trends that will shape the circular economy theme in the oil and gas industry in the next 12 to 24 months are industry trends, technology trends, and regulatory trends.
Industry Trends: Environmental issues from plastic disposal and challenges in plastic recycling are the key industry trends impacting the circular economy theme in the oil and gas sector. Furthermore, the transition from a linear to a circular economy, the gradual switch to biodegradable plastics, and the rise in demand for food-grade recycled plastics are driving the adoption of the circular economy concept in the oil and gas sector.
Technology Trends: Mechanical and chemical recycling of plastics coupled with harnessing plastic waste for clean hydrogen will influence the circular economy theme. Furthermore, petrochemical companies are developing renewable feedstock using agricultural and organic waste to produce bioplastics and deploying digital technologies for recycling to ensure sustainability in the oil and gas industry.
Regulatory Trends: Policy development across major economies to limit and further reduce their respective plastic pollution is the key regulatory factor boosting the theme. Several countries including the US, Australia, China, and France have banned single-use plastics, while some US states have enacted laws to promote the recycling of plastics and prohibit plastic landfills.
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Circular Economy in the Oil and Gas Industry – Competitive Landscape
The leading oil and gas companies associated with the circular economy theme are:
- BP
- Dow Chemical
- ExxonMobil
- LyondellBasell
- OMV
The leading plastic recycling technology companies leveraging the circular economy theme are:
- Agilyx
- BlueAlp Innovations
- Carbios
- Indaver
Leading Companies Deploying Circular Economy in the Oil and Gas Industry
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Integrated Oil and Gas Sector Scorecard
The scorecard approach is used to predict tomorrow’s leading companies within each sector. The integrated oil and gas sector scorecard has four screens including a company screen, a thematic screen, a valuation screen, and a risk screen.
Integrated Oil and Gas Sector Scorecard Analysis
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Scope
This report discusses the need for circular economy in general and for oil and gas industry in specific.
It presents GlobalData’s Circular Economy Framework highlighting methods to achieve circular economy.
It analyzes the growth of plastic waste and the crucial role of oil and gas industry in enabling the circular plastic economy.
It analyzes market signals in terms of deals and patents related to circular economy in oil and gas.
The report provides an overview of the competitive positions held by oil and gas companies, and plastic recycling technology vendors in the circular economy theme.
Reasons to Buy
- Identify recent industry, technology, and regulatory trends in the circular plastics economy theme.
- Learn about GlobalData’s Circular Economy Framework for achieving a circular economy across diverse applications.
- Understand the regulations that are in place to drive the recycling of plastic waste in support of the circular economy.
- Identify and benchmark key oil and gas companies and plastic recycling technology companies as well as their role in the circular plastics economy theme.
Table of Contents
Frequently asked questions
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What are the key trends that are influencing the adoption of a circular economy in the oil and gas industry?
The main trends that will shape the circular economy theme in the oil and gas industry in the next 12 to 24 months are industry trends, technology trends, and regulatory trends.
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Which are the key oil and gas companies in the circular economy in the oil and gas industry theme?
BP, Dow Chemical, ExxonMobil, LyondellBasell, and OMV among others are the key oil and gas companies taking steps toward adopting a circular economy theme.
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Which are the leading companies involved in plastic recycling technologies?
The key plastic recycling companies leveraging the circular economy theme are Agilyx, BlueAlp Innovations, Carbios, Indaver, and Loop Industries among others.
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