AS the world shifts towards sustainable energy solutions, the spotlight often falls on renewable energy sources like wind and solar power. However, the materials required to facilitate this green transition, particularly copper, seldom receive the attention they deserve.
Copper is indispensable for electricity generation, distribution, and storage, making it a critical component in the electrification of the global vehicle fleet.
The International Energy Forum's recent report, titled ‘Copper Mining and Vehicle Electrification’ delves into the pressing issue of copper supply versus demand, highlighting the immense challenges the industry faces in meeting the needs of vehicle electrification.
GROWING DEMAND FOR COPPER
Copper is pivotal for the green energy transition due to its excellent electrical conductivity and versatility in various applications.
The electrification of vehicles, including electric vehicles (EVs) and hybrid electric vehicles (HEVs), significantly increases the demand for copper.
An EV requires approximately four times more copper than a conventional internal combustion engine (ICE) vehicle. This increase stems from the copper-intensive components such as electric motors, batteries, inverters, and charging infrastructure.
Projections indicate that to electrify the global vehicle fleet, an additional 55 per cent more new copper mines need to be brought into production than would otherwise be required under business-as-usual scenarios.
Denne historien er fra July 2024-utgaven av Oil and Gas News.
Start din 7-dagers gratis prøveperiode på Magzter GOLD for å få tilgang til tusenvis av utvalgte premiumhistorier og 9000+ magasiner og aviser.
Allerede abonnent ? Logg på
Denne historien er fra July 2024-utgaven av Oil and Gas News.
Start din 7-dagers gratis prøveperiode på Magzter GOLD for å få tilgang til tusenvis av utvalgte premiumhistorier og 9000+ magasiner og aviser.
Allerede abonnent? Logg på
Expertise offers a one-stop solution for industrial sector
The leading Saudi industrial services provider is expanding into new sectors and leveraging its 400,000 sq m terminal in Jubail to drive innovation in critical industries, aligning with Vision 2030 and sustainability goals
African energy sector resilient amid upstream challenges
Despite the African upstream oil and gas sector seeing a 75 per cent drop in deal value to 3 billion in 2023, companies are keen to expand portfolios and explore new opportunities
SANKYU blends global expertise and local roots in Saudi Arabia
The leading plant engineering and logistics provider is advancing KSA's industrial sector through technological innovations and localisation, aligning with Vision 2030 and promoting sustainability and local talent
The unseen challenge of copper mining and vehicle electrification
The green energy transition relies on copper, posing supply challenges that require better recycling, alternative materials, advanced mining technologies, and global policy collaboration to meet rising vehicle electrification demands
Corrosion in the oil and gas industry: A costly challenge
Corrosion in the oil and gas industry demands robust management strategies to mitigate significant financial and environmental impacts, ensuring the longevity and integrity of critical infrastructure
OQ's $245m project to enhance South Gas Grid
OQ Gas Networks is enhancing Oman’s South Gas Grid with a 245 million project involving the installation of two loop lines to increase capacity and efficiency, with 90 per cent completion and a targeted finish by Q4 2024
Reliable pipeline protection with J22 moisture analyzer
In comparison to traditional techniques of moisture measurement, the Endress+Hauser J22 moisture analyzer offers continuous, reliable moisture measurement for increased safety and asset integrity, Anand Jeevakaruniyam, Business Development Manager, Optical Analysis, tells OGN
Oman poised to lead with green hydrogen ambitions
Oman is leading an ambitious green hydrogen strategy, targeting substantial production increases and economic diversification by leveraging its renewable resources, strategic location, and significant investments
OMAN'S ENERGY SECTOR FUELS ECONOMIC GROWTH
The Sultanate's oil and gas sector is vital, contributing 72 per cent to GDP and achieving a 90 per cent Omanisation rate. Meanwhile, investments by OQ have increased reserves and production, driving economic stability and growth
FOSSIL FUEL USE HITS RECORD IN POWER-HUNGRY WORLD
In a landmark report, the Energy Institute (EI) has painted a vivid picture of an energy-hungry world grappling with record consumption levels, burgeoning renewable energy generation, and the persistent challenge of fossil fuel dependency.