thermoplastic composites in the oil and gas...
TRANSCRIPT
Thermoplastic Composites in the Oil and Gas Industry
November 6, 2018
AGENDA
2
• Who is Solvay?
• The Oil & Gas Industry – today and looking toward the future
• The evolution of thermoplastic composites
• The value proposition of carbon fiber thermoplastic composites
• Summary
SOLVAY IS
AN ADVANCED MATERIALS & SPECIALTY
CHEMICALS COMPANY
1. 2017 underlying
results
2. MTAR: Medical
Treatment Accident
Rate
24,500employees1
5.53greenhouse gas
intensitykg CO2 eq. per € EBITDA
€ 10.1billion of
net sales1
124industrial
sites1
61countries1
21major
R&I centers1
0.65occupational accidents at
Group sites per million
hours worked2
49%sustainable
solutionsGroup net sales
WITH A LONG STANDING SPIRIT OF INNOVATION
Solar Flight
Solar Impulse 2 accomplished the
first trip around the world in 2016,
without a single drop of fuel.
Solvay Physics
Conferences
1911 & 1927
Solvay proprietary - All rights reserved
5
UNIQUELY POSITIONED TO PROVIDE THERMOPLASTIC
COMPOSITES TECHNOLOGY LEADERSHIP
Broad portfolio of
specialty polymers
TP prepreg
manufacturing
Application
Engineering
Fiber/Resin
interface
Key markets for thermoplastic composites
Aerospace
Supports more cost-
effective
fabrication
Enables higher build
rates
AutomotiveDesign freedom
More efficient part assembly
Outstanding crash
& safety performance
Improved recyclability
New cost effective offshore
extraction
Weight reduction and flexible
pipe design optimization
Corrosion resistance
Oil & Gas
6
Population
Geopolitics &
energy security
Electrification of Cars
Economic
Growth
Energy
Policies
New
Technologies
Renewables
Key Factors
Impacting
Oil Demand
PEAK OIL DEMAND – The Sooner Scenario…
7 Source: https://eto.dnvgl.com/2018/
Having reached its peak within the next five years, DNV GL forecasts global
demand for oil to be 50% of today’s production levels by 2050…however,
continued investment in new oil and gas development will still be needed as
global reserves decline at a rate of about 5% per year.
2023 2026
2035 2050
of energy demand is met by gas,
now the dominant primary energy
carrier
25%
decline in oil production compared
to today50%
of primary energy comes from oil
and gas combined compared to
53% in 2017
40%
Oil demand peaks
Global demand for energy from gas
overtakes that for oil
Gas and global energy demand
peaks (16% higher than today)
PEAK OIL DEMAND PEAK – The Later Scenario…
8 Source: https://www.iea.org/weo2017/
Electric cars are helping to transform energy use for
passenger cars, slowing the pace of growth in global oil
demand, however, trucks, aviation, shipping and
petrochemicals keep oil on rising trend.
The view from Deep Offshore…
9 Source:https://www.offshore-mag.com/articles/print/volume-78/issue-1/market-outlook/low-oil-
prices-could-support-longer-term-deepwater-comeback.html
$ 40/bblCost
ReductionSupply & Demand
Gap
Global Oil Supply Growth 2016-2030
MM
b/d
Unsanctioned projects
110
100
90
80
70
60
50
40
30
20
10
0
2016
Production
Decline to
2030
Sanctioned
Projects
OPEC
GulfShale Oil Offshore Other
2030:
Total Oil
97.3
-37.3
5.4 2.6
9.5
15.87.2 106.2
EXCITING TIMES FOR THERMOPLASTIC COMPOSITES
TechnipFMC and Magma Global to Enter into a
Strategic Collaboration Agreement for Hybrid
Flexible Pipe
2015
A 30 YEAR JOURNEY TO GET TO WHERE WE ARE TODAY
11
1980 1990 2000 2010
Sources: https://www.linkedin.com/pulse/brief-history-thermoplastic-composite-pipe-marcus-kremers/;
company websites
Conference on
composite materials
for offshore
IFP/Composite
Acquitaine
4” choke & kill
lines
Spoolable
composite pipe
Reinforced
Thermoplastic
Pipe (RTP)
Investigation of
TPC for military
applications
Release of DNV
standard & guidelines
for composite
components & risers
Three industry
projects focused on
fully bonded TPC
solutions
Joint Industry
Program launched
for deep water
riser concept
Today
Release of DNV
guidelines for
thermoplastic
composite pipes
TPC becomes
material of choice for
small parts on A340,
A380 & 787
2005
First offshore
thermoset
composite
riser joint
proven
Libra first oil in
2017
THE PRODUCT LIFE CYCLE CURVE OF CARBON FIBER THERMOPLASTIC COMPOSITES
12
Gro
wth
TimeDevelopment
O&G Thermoplastic
Composites
Growth Maturity Decline
Aerospace Thermoplastic
Composites
Aerospace Thermoset Composites
Automotive
Thermoplastic
Composites
Epoxy
PEKK, PEEK, PPS
PVDF, PEEK, PPS
PPA, PA6,6, PPS
THE VALUE PROPOSITION OF THERMOPLASTIC COMPOSITES IN FLEXIBLE PIPES
13
Whether in a hybrid or fully
thermoplastic solution,
carbon fiber thermoplastic
composites enable:
● Lower weight versus
steel, less or no buoys
and shorter pipes
● Reduced corrosion
● Maintenance of excellent
mechanical performance
and flexibility
EvolutionRevolution
Carcass
Thermoplastic Liner
Metallic Pressure Armor
Tinsile Armor
Insulation
Outer Shell
Carcass
Bonded Composite Layer
Tensile Armor
Insulation
Outer Shell
Thermoplastic Liner
IN SUMMARY – The Oil and Gas Industry...
14
...is hungry for new technologies to bring the breakeven
price as low as possible.
…has been exploring the use of composites for >15 years.
...understands the value proposition for using carbon fiber
thermoplastic composites to unlock and deliver more
value.
THANK YOU
Questions?
15