Preprint Review Version 1 Preserved in Portico This version is not peer-reviewed

Forging a Resilient Path towards a Low Carbon Future: Unleashing Challenges as Catalysts for Growth and the Opportunities for Transformation in Petrochemical and Petroleum Industries…

Version 1 : Received: 18 December 2023 / Approved: 19 December 2023 / Online: 19 December 2023 (11:45:44 CET)

How to cite: Johnson, N.; Julius, O.I.; Dozie, E.A. Forging a Resilient Path towards a Low Carbon Future: Unleashing Challenges as Catalysts for Growth and the Opportunities for Transformation in Petrochemical and Petroleum Industries…. Preprints 2023, 2023121429. https://doi.org/10.20944/preprints202312.1429.v1 Johnson, N.; Julius, O.I.; Dozie, E.A. Forging a Resilient Path towards a Low Carbon Future: Unleashing Challenges as Catalysts for Growth and the Opportunities for Transformation in Petrochemical and Petroleum Industries…. Preprints 2023, 2023121429. https://doi.org/10.20944/preprints202312.1429.v1

Abstract

forging a resilient path towards a low carbon future, this research delves deep into the intricate dynamics of the petroleum and petrochemical industries. By uncovering the challenges posed by transitioning to a low carbon economy, this study emphasizes their transformative potential as catalysts for growth. Through an in-depth analysis of the oil and natural gas sector, it not only sheds light on the carbon footprint of Nigeria's petroleum and petrochemical industries but also identifies the opportunities for sustainable transformation within these sectors. Ultimately, this research aims to pave the way for a greener future by unraveling the complexities and intricacies of building a low carbon economy."By incorporating the unique attributes of the petroleum and petrochemical industries and considering the evolving domestic and global context, this research investigates the challenges and prospects associated with the shift towards a low-carbon economy. It delves deep into the complexities of the sector, taking into consideration the distinct characteristics of petroleum and petrochemical production. Through a comprehensive analysis, this study aims to uncover the potential barriers and opportunities that arise from the pursuit of a sustainable and low-carbon future within the petroleum and petrochemical industries. In addition, this research thoroughly examines the current global and local conditions, shedding light on the opportunities for growth and transformation within the petroleum and petrochemical sectors. By presenting insightful perspectives and recommendations, the study aims to provide valuable guidance for fostering the development of a low-carbon economy within these industries. Ultimately, the research seeks to drive positive change by offering actionable insights and strategies to propel the transition towards a sustainable future.

Keywords

petroleum; petrochemical; industries; challenges,sustainable; low-carbon; economic

Subject

Engineering, Chemical Engineering

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