The Future of Energy Markets: Evolving at a New Pace

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The Future of Energy Markets: Evolving at a New Pace

Wednesday, September 11
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The turmoil caused by the various geopolitical events and the subsequent disruptions in the global energy markets has forced nations to reassess how — and how long — the evolution from fossil fuels to renewables will play out. Further adding to this uncertainty is the rise of interest rates and the stalling of EV adoption. Given these dynamics, there is growing confidence that traditional hydrocarbon-based fuels will still be a critical piece of the global energy mix as evidenced by the doubling down by western oil companies on hydrocarbon resource exploitation. In essence, the world will still need oil, but the real questions are how much and when the energy transition will resume its previous pace. Join us as we discuss the evolution of the energy markets & downstream market responses.

 

Carlo Barrasa, Vice President, Chemical Market Analytics by OPIS
Jaime Brito, Executive Director, Refining and Oil Products, Chemical Market Analytics by OPIS
There are several forecasters that aim to anticipate what the future of the energy industry will look like. However, many of these views are created within a skewed mindset, a partial view of the world that assumes that all economies can implement changes in a similar fashion to what the US or Europe have done over the last few years. Join us in this fascinating presentation, as we flesh out using a realistic and robust approach the possibilities behind the evolution of energy to 2060, and its consequences for the chemicals supply chain. 
Jenny Solomon, Vice President, Portfolio Governance & Analysis, Marketing & Trading, Woodside Energy
 
Casey Selecman, Director of Powertrain Forecast, Autoforecast Solutions
After a decade of governmental incentives and low interest rates, the pace of EV adoption seemed unstoppable, but slowing economic growth and a higher interest rate environment have impacted the EV thesis. Is this simply a pause in the normal adoption s-curve, or has EV adoption plateaued? In this session, we assess the current environment and separate the adoption signal from the noise.
 
Moderator:  Carlo Barrasa, Vice President, Chemical Market Analytics by OPIS
Sessions will resume at 11:00 am
Moderator:  Carlo Barrasa, Vice President, Chemical Market Analytics by OPIS

Speakers:
Joel Thigpen, General Manger Marine New Builds, Wärtsilä
Jan Hagen Anderson, Business Development Director Americas, DNV
Mike Nash, Vice President Syngas, Chemical Market Analytics by OPIS

Of all the forms of transportation, shipping is the most critical for the overseas movement of goods. We explore the most likely adoption of alternative fuels, such as methanol or ammonia; then, we discuss the challenges for the increased penetration of these alternative fuels.

Sessions will resume at 2:00 PM after lunch.
Carlo Barrasa, Vice President, Chemical Market Analytics by OPIS
Susan Bell, Sr. Vice President, Downstream, Rystad Energy
Refiners have a difficult task. Today, they have to supply hydrocarbon-based fuels to the mobility sector. Tomorrow, they will still supply those same fuels to a shrinking sector, but will also need to supply growing demand from petrochemicals and aviation. Refiners need to invest today for flexible operations tomorrow. We explore these investments’ possible pathways and viability in future environments.
Adrian Calcaneo, Vice President, Natural Gas Liquids, Chemical Market Analytics by OPIS
Keith Couch, Senior Director of Business Development & Integrated Products, Honeywell UOP
As the world progresses towards higher decarbonization levels, we witness a structural shift in the oil refining and petrochemicals (R&P) industry. Many old, less efficient assets are being shuttered while larger, integrated and more efficient R&P complexes are being developed. Brownfield refineries are starting to shift their production targets towards chemicals. New complexes offset traditional refined fuel imports and extend into petrochemicals for a higher quality of debt service. Join this presentation to learn how we can better leverage proven refining technologies to accelerate the shift toward chemicals. Learn how to leverage the UOP Six Efficiencies (E6) as a framework to improve the efficiency of your project while consuming less feedstock, producing less CO2 per tonne of light olefin and spending less cash to realize your petrochemical vision.  
Moderator: Carlo Barrasa, Vice President, Chemical Market Analytics by OPIS
Sessions will resume at 4:00 PM
Cinch Munson, World LPG Association (WLGA)
In developed markets today, over 3 billion people rely on Liquid Gas, including LPG, propane, butane, and dimethyl ether, and renewable Liquid Gas (rLG) to fuel thousands of applications from homes to industrial facilities, highways to oceans, and farms to commercial operations. The growing production of renewable Liquid Gas offers a pragmatic pathway to a decarbonized future that leverages an existing infrastructure that is already delivering essential energy to hard-to-decarbonize locations and applications. We’ll look at the efforts underway to grow renewable Liquid Gas product to help the fuel and chemical industries chart our future paths.
Michelle Young, Renewables Program Manager, Chevron
Even with the increased penetration of sustainable aviation fuel, the demand for hydrocarbon-based jet fuel will likely continue to grow. Join us as we discuss the trends in the aviation sector and how those trends will impact the demand for jet fuel, both fossil and sustainable versions.
Rommel Oates, Chairman & CEO, Refinery Calculator Inc.
In the quest for sustainable energy solutions, hydrogen has emerged as a potential game-changer. This presentation will delve into the realities and misconceptions surrounding hydrogen technology. We will explore its role in decarbonizing hard-to-abate industries, the necessary advancements in hydrogen production and storage technologies, and the economic feasibility of widespread adoption. By examining real-world applications and recent innovations, we'll separate the genuine opportunities from the overhyped promises, providing a clear-eyed assessment of hydrogen’s potential to drive a low-carbon future. Join us to discover whether hydrogen truly represents hope or mere hype.
Moderator: Carlo Barrasa, Vice President, Chemical Market Analytics by OPIS
Carlo Barrasa, Vice President, Chemical Market Analytics by OPIS

 

 

Session Speakers

Jan Anderson Business Development Director DNV

Jan Hagen Andersen has over 30 years of experience in the maritime industry with a broad technical knowledge and business development understanding.  After graduating from engineering college in Norway, he completed a Bachelor and a Master of Science in Mechanical Engineering from the University of Washington in Seattle, Washington.  He then joined Trans Marine Propulsion Systems, Inc. in 1991, a marine engineering and service company in Seattle with a focus on marine propulsion and ship machinery systems. In 2005, he joined DNV in Norway in the Machinery Section of Maritime Technical Advisory.  The advisory group in DNV provides consultancy and non-class support services to ship owners, shipyards, manufacturers, designers, and other stakeholders.  In 2010 he moved to DNV Maritime in Houston, Texas and is currently in Business Development and the Regional Director for Maritime Decarbonization. The role focus on maritime energy transition, energy efficiency, environmental compliance, and supporting maritime clients.  He has been engaged with several projects and studies on alternative fuels and new technologies for ships and offshore units. He is a member of the SNAME M-16 Panel on Propulsion Shafting and is on the North America Marine Environmental Protection Association (NAMEPA) Board of Directors.

Carlo Barrasa Vice President, Energy Insights Team Lead Chemical Market Analytics by OPIS

Carlo Barrasa is the Vice President of Energy Insights at Chemical Market Analytics In this role, Carlo stewards the development of energy market content to help Chemical Market Analytics’ clients navigate the complexities of the oil, gas & natural gas liquids markets. Previously, Carlo led the North American Light Olefins service, which provides clients with valuable insights into the regional market dynamics of cracker feedstocks, ethylene, and propylene. Before joining Chemical Market Analytics, Carlo was a Senior Strategy Advisor at Anadarko Petroleum, where he was responsible for guiding the company's market strategy for its natural gas liquids business. After beginning his career in various downstream and chemical roles with ExxonMobil, Carlo held senior consulting and research positions at IHS Markit legacy companies PFC Energy and CMAI.

Susan Bell Sr. Vice President Downstream Rystad Energy

Susan Bell is a professional chemical engineer with over 25 years of experience in the petroleum industry.  Her expertise is with refinery planning and optimization.  She is based in Calgary, Canada and has experience with many facets of the oil industry from refinery capital planning, refinery run plan optimization, crude oil market development, commercial negotiations, and mergers/acquisitions.  Susan just joined Rystad Energy in September.

Jaime Brito Vice President, Refining and Oil Markets Chemical Market Analytics by OPIS

Jaime Brito is the Vice President of refining and oil product markets at Chemical Market Analytics. Jaime Brito is in charge of leading content and analysis on the refining and oil products markets and their impact on the chemical sector. With over 25 years of experience, his views and insights have reached all regions of the oil and gas industry, where he has covered oil and gas markets, refining economics, commercial strategies, Mr. Brito’s activities at the Energy Market teams cover all regions. His technical, commercial and geopolitical knowledge, paired with a deep understanding of oil and gas dynamics, pricing drivers and a unique ability to anticipate potential market developments, make all his contributions a significant value added. He plays a leading role in assessing the outlook for global market fundamentals, refining rationalizations and supply, and is part of our market intelligence services focused on short- and long-term analysis. Before joining Chemical Market Analytics, Mr. Brito delivered consulting related to oil, fuels and refining around the world, from assessing the feasibility of new refineries in Asia and the Middle East to designing commercial strategies and investments in Europe or Latin America to due diligence for asset acquisition in the US or Canada. He has led diligence and feasibility studies representing over 15 billion dollars of capital. Mr. Brito is based in Houston, Texas and holds an MBA and a BS in Chemical Engineering. As part of his long and international career, he is a regular guest in news programs, where he shares his insights on global geopolitics, oil markets, and fuel prices, among others.

Adrian Calcaneo Vice President, Energy & Feedstocks (NGL & Naphtha) Chemical Market Analytics by OPIS

Adrian Calcaneo is Vice President of NGL & Naphtha at Chemical Market Analytics. Mr. Calcaneo is based in Houston, Texas, and is the Vice President for Energy and Feedstocks at Chemical Market Analytics (CMA). His responsibilities include spearheading global development efforts across multiple product lines, including Liquefied Petroleum Gas (LPG), Natural Gas Liquids (NGL), and Naphtha. With over 20 years of experience, Adrian is a key resource within the company, offering deep insights into the broad energy market. In his role, he collaborates closely with stakeholders throughout the energy, petrochemical, and financial sectors, providing global support and strategic insights. His current focus involves leading the development of new energy products and enhancing the company's market deliverables and insights. Before assuming his current position, Adrian managed NGL market research for 43 Latin America and the Caribbean countries. His extensive experience also includes consulting for multinational energy companies and working in international trade, energy policy, and global economics at think tanks and international non-governmental organizations. Mr. Calcaneo holds a Bachelor of Arts and a Master of Public Administration, focusing on Energy Policy, from Texas A&M University, along with a Certificate in Advanced International Affairs from the Bush School of Government & Public Service at Texas A&M. He also earned a Master’s Degree in Data Science and a professional certification from Harvard University.

Keith Couch Senior Director, Business Development & Integrated Products Honeywell UOP

Keith A. Couch is Senior Director of UOP’s global Business Development function. The focus of the organization is to drive improved client value creation for projects ranging from single process units to fully integrated industrial mega-projects. Since joining UOP in 1990, Keith has held numerous domestic and international positions across a broad range of manufacturing, R&D, service, and business management roles. He has a strong background in both Refining and Petrochemicals and is driving UOP’s thought leadership for the Refinery of the Future. He is an author with 23 publications and an innovator with 34 U.S patents. Keith holds a B.S. degree in Chemical Engineering from Louisiana Tech University, and a Master of Business Administration with a Concentration in Strategy from the University of Chicago - Booth School of Business. He is based in Des Plaines, Illinois, USA.

Mike Nash Vice President, Global Syngas Team Lead | Americas Acetyls Lead Chemical Market Analytics by OPIS

Mr. Mike Nash is the Vice President for Syngas Chemicals (including the methanol and acetyls practices) at Chemical Market Analytics. He works with a global team of regional consultants and overlays their analyses with a global perspective. His responsibilities include the weekly World Methanol Report and monthly World Methanol Analysis, including the weekly and monthly Global Acetyls Market Reports and the related World Analyses for Methanol, Acetyls, and Formaldehyde. Before joining the IHS Markit base chemicals business (now known as Chemical Market Analytics) in September 2012, Mr. Nash worked for BP's petrochemicals division for 19 years preceding a two-year stint in Total's UK fuels business. He performed various commercial roles within BP, in international business management, marketing, project management, and logistics, based in London, Duesseldorf, and Kuala Lumpur. His last role in the Total UK was the Logistics Director for Specialties. Mr. Nash holds a Master of Arts in English Language and Literature from Edinburgh University, UK, and a Master of Business Administration from Kingston University, UK.

Rommel Oates Chairman & CEO Refinery Calc

Rommel Oates is the Chairman and CEO of Refinery Calculator Inc., a global leader in refining, hydrogen intelligence, and proprietary optimization software. He also heads Oates Energy Solutions LLC, specializing in hydrogen and energy solutions brokerage services. With over 22 years of experience in key roles at Fortune 250 companies and venture capital firms, Rommel possesses comprehensive global expertise across the hydrogen value chain, including production, distribution, technical engineering, and global commercial business operations. He is also skilled in decarbonization and holds over 16 patents in hydrogen storage. As a seasoned C-Suite executive and Independent Director for several public company boards, Rommel is proficient at scaling technology businesses, advancing start-ups, strategic planning, and ESG governance. His deep insights into hydrogen, refining, and chemicals further solidify his industry standing. Dedicated to advancing a hydrogen-centric, low-carbon future, Rommel is a trusted ally to stakeholders and public company boards, championing innovation and sustainability across the industry.

Casey Selecman Director of Powertrain Forecast AutoForecast Solutions LLC (AFS)

Casey has been helping the automotive industry understand the complex world of powertrain forecasting for over 20 years. As the Director of Powertrain Forecasts at AFS, his primary focus is on the North American market, but he keeps a constant eye on external market influences as the world becomes less regional and more global. Over his career, Casey has worked directly with vehicle manufacturers, suppliers, automotive associations, and regulators to support their unique business challenges. Today, he helps companies navigate industry risk and opportunities by using critical market intelligence to give them an edge in their strategy and business planning efforts. He has also supported both California and US Federal fuel economy and GHG regulations in the early 2000’s and continues to follow all regulations impacting future powertrain requirements. He has a mechanical engineering degree from the University of Michigan and lives with his wife and three kids in suburban Detroit.

Jenny Solomon Vice President Portfolio Governance & Analysis Woodside Energy

Jenny joined Woodside as VP Portfolio, Governance & Analysis in 2023. Before working at Woodside, she held increasingly senior roles in LNG Strategy and Analytics with Penn LNG, Anadarko, Cheniere and BG Group for nearly 15 years after leaving her position at Chevron in the Global Supply and Trading group. She also spent some time in the clean hydrogen and ammonia space with Sempra Infrastructure’s business development team. Prior to entering the energy industry she was with the U.S. Federal Reserve for five years involved in macro-economic research and analysis. Jenny is a graduate of the University of Texas with degrees in Mathematics and Economics. She also holds an MBA in Finance.

Joel Thigpen General Manager, Marine New Build Sales Wärtsilä

Mr. Thigpen currently serves as General Manager, Marine New Build Sales, leading the US Sales team in capturing new build opportunities with vessel owners, ship design companies, and shipyards.  Joel joined Wärtsilä in June 2015 and has served in numerous sales and business development roles within the company, leading global multi-functional teams on complex strategic new build projects in various marine applications.  Including his time at Wärtsilä, Joel has served for over eighteen years in various capacities, focused on the global offshore energy and marine markets, which included expat assignments in Aberdeen Scotland and Dubai.  Prior to his time in the offshore and marine industry, Mr. Thigpen served as a personnel officer in the United States Air Force.  Mr. Thigpen earned his Bachelor of Science in Social Sciences with a concentration in Management from the United States Air Force Academy in Colorado Springs, Colorado.

Michelle Young Renewables Program Manager Chevron

Dr. Michelle Young is the Renewables Program Manager for the Chevron Technical Center. In this role, she manages a portfolio of internal and external R&D projects, including projects with universities and the National Labs. She has worked on a variety of biomass feedstock and processing options to produce all types of renewable fuels, including SAF and renewable gasoline. Outside of R&D, she also supports the enterprise on renewables projects and strategy, lower carbon initiatives, and emerging technology opportunities. Dr. Young has 15 years of Chevron experience in the renewables space spanning the entire scale-up journey: from bench-scale R&D to pilot design and operation, followed by demonstration, and finally the successful refinery integration/commercialization of both co-processing and stand-alone renewable diesel production. Michelle has a Ph.D. in Chemical Engineering from the Georgia Institute of Technology.

Cinch Munson Business Development Director World Liquid Gas Association

Cinch is the business development director at the World Liquid Gas Association where his responsibilities include industry outreach and advocacy, standards and regulations, developing renewable liquid gas markets, improving efficiencies through technologies, and innovating applications. Prior to joining WLGA, he worked with Oberon Fuels, a renewable fuels producer, the Propane Education and Research Council, as well as other business development roles in energy and agriculture.  Cinch holds a bachelor’s degree from the University of Nebraska and a master’s degree from Colorado State University. Additionally, he has an executive MBA from ThePower Business School, a certification in Negotiation & Leadership from Harvard Law School Executive Education, and certifications in Digital Marketing from Cornell University.  Cinch is based out of North Platte, Nebraska, USA.
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