The new era of clean-energy technology manufacturing

By Rubi Alvarado General Manager, Energy Capital Magazine

The topic itself is not new. However, it is noteworthy that by 2030, the manufacture of equipment and technology for clean energy production will be worth close to $650 billion dollars a year worldwide.

This will create new and larger markets, as well as millions of jobs. As in any development, specialists point out risks; for example, those countries that do not have a forward-looking strategy will be left out of these opportunities. Mexico, of course, must pay attention to this issue as part of its business development policy. The benefits of what is done today will be seen in 2030, and although it may seem a long way off, there is very little time left.

The size of the market will be three times larger by the end of this decade. It will involve the manufacture of solar panels, wind turbines, batteries and electrolyzers. But to fulfill the promise, all countries of the world need to fully implement their commitments.

If so, according to the International Energy Agency's Energy Technology Perspectives report, by 2030 there would be an increase from 6 million to 14 million jobs in this area.

At the same time, the agency points out that in order to guarantee energy security and the production of the necessary technology, supply chains present great opportunities. It specifies the importance of modifying them to avoid affecting resilience and sustainability, due to the current geographic concentration of mining, processing and manufacturing.

2023 Will Reach The Highest Level Of Oil Production In History

By Aldo Santillan Managing Director and Editor in Chief, Energy Capital Magazine

Expectations of oil consumption growth forecast that the world annual average could reach 101.7 million barrels per day. This figure implies a daily increase of 1.9 million. However, there is uncertainty regarding the way and speed in which China will continue to react to Covid-19.

This level of production would be the highest in history. The balance will be between the impact of Western sanctions on Russia and how China will continue reacting to its own sanitary restrictions. The slowdown in Russian production will be the main factor leading to a reduction of OPEC+ by 870,000 barrels per day.

And while OPEC+ member countries will see a decrease in production, those outside the oil cartel will be the ones contributing the increase. It is estimated that growth will be led by the United States, by far, and followed by Canada, Brazil and

IN 2023, THE GLOBAL ANNUAL AVERAGE COULD REACH 101.7 MILLION BARRELS PER DAY, THE HIGHEST LEVEL IN HISTORY.

Guyana. All of them have registered record production for the last two years in a row.

As for refining, in December 2022 it kept stable. While in the United States there was a reduction of 910 thousand barrels per day, due to weather-related cuts, Europe and Asia compensated for this drop. Last year, this segment presented an average growth of 2.1 million barrels per day (mb/d) compared to 2021. For this 2023, average daily growth is estimated at 1.5 mb/d.