More than 85% of the world’s energy sourcing today comes from oil, gas and coal. It is expected that the world’s demand for energy will continue to increase, much of the increase satisfied with solar, wind, and other renewables. Nonetheless, hydrocarbon fuels will continue to be the dominant resource for decades to come. It is unreasonable to expect people’s desire for improvements in their lifestyle (increased living space, better food options, clean water, heating and cooling, individual transportation options) to change. The costs of transitioning enough to significantly move the needle and ultimately reverse the movement of climate change will be huge. Whether under any circumstance the timing is even possible to get where we need to is a question. We believe that while necessary, regulations and policies will not be enough. As hydrocarbons will continue to be the largest slice of the energy pie, In addition to transitioning to renewables, we believe that many additional game changing ideas for the production of hydrocarbons and their conversion to desired products are needed. Game changing ideas are almost always fraught with risk and in the world of hydrocarbons, are likely to be costly. This paper will show how by applying the appropriate discipline to the management of the business plan, the technology plan and the intellectual property plan, a game changing idea can be moved forward with reduced risk. Specific examples of application of this approach will be shared.

Moving faster with R&D discipline

ACS Spring 2022

The official archive and repository for all ACS Meetings & Expositions abstracts and select posters or presentations.