Case study
From 433 startups to 5 partnerships for an oil and gas leader
Shaping and executing a CCUS roadmap: scouting, assessment and the first five engagements.
ClientGlobal oil and gas player
SectorOil & gas
OfferInnovation Sprint
433
startups identified
41
evaluated
5
engagements launched
Context
In view of the declining potential of its historical Oil & gas business, our client investigated several diversification opportunities in adjacent markets, consistent with its know-how and energy transition roadmap.
In this context, the Innovation department wanted to evaluate the potential for diversification in the field of Carbon Capture Utilization and Storage (CCUS) and to identify innovative partners with whom to create a complementary business.
Mission
We carried out a deep dive study divided into three steps:
- A market study to paint a complete picture of all the megatrends (new business models, technologies, use cases)
- A startup landscape to identify the innovative players driving CCUS forward worldwide
- A startup scoring to establish recommendations on the most relevant options for collaboration (R&D agreement, commercial partnership, investment, acquisition, etc.)