In view of the declining potential of its historical Oil & gas business, our client has a bold ambition to shift away from its old business by 2050 to become a leading, integrated sustainable fuels, chemicals and materials company.
In this context, the Low-carbon Business 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.
We carried out a deep dive study divided into four steps:
- A technology intelligence study to paint a complete picture of all the megatrends (investment patterns, benchmark, patent analysis, large-scale deployments) and map the technologies and sub-technologies in a design way
- 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.)