It is no surprise that the natural resources of our planet have been depleting. Oil, or as some call it, black gold, is the lifeblood that fuels the industries that make everyday life possible. The annual usage of oil is estimated to be at 3.5 billion tons with 10 billion tons of carbon dioxide being released into our atmosphere.
Not only does this further deplete the natural oil reservoirs, it also contributes a great deal to global warming. Although the general public, authorities and the world in general know that exploiting these resources is not sustainable, a credible large scale alternative has yet to be found and implemented. Fortunately, there might be a glimmer of hope in Pierre Falcone’s latest investment project.
The state of the oil industry
The oil and petroleum industry is usually divided into 3 sectors: upstream, midstream and downstream. Upstream is the term used for the exploration and production of oil. The midstream sector is all about transportation storage. Examples of this would be the transportation of oil by pipeline, barge, rail, truck or oil tanker. Included also in the mainstream classification is the wholesale marketing of crude or refined petroleum products. The downstream sector is commonly known as the refining of petroleum crude oil as well as the processing and purifying of raw natural gas.
Are we facing a structurally doomed system? Is depletion of natural resources really round the corner?
Pierre Falcone: “The oil and gas industry has a wide range of challenges across the upstream, midstream, and downstream sectors due to the ever rising global energy demand. Many experts believe that the world has reached peak petroleum production. This does not mean that petroleum reserves have run out, but instead the maximum rate of petroleum extraction has been reached. The total rate of petroleum output will be decreasing within the next 20 years.”
Future of the oil industry
It is estimated that by 2025 the global population will have grown by another 1.1 billion thus putting us at well over 8 billion people globally. The continuous population growth puts a strain on the natural resources of our planet. It is estimated that global demand for liquid hydrocarbons (oil and petroleum) will grow annually by 1.2%. The greatest demand, however, will come from the transportation sector. In this sector, oil is the principal energy source for 90% of all means of transportation.
What are we realistically to expect in terms of demand for oil for the upcoming years?
Pierre Falcone: “It is projected that the world will see the highest demand for oil in developing countries where the transportation industry is growing rapidly. Along with the transportation sector, the demand for oil in developing countries will increase in the industrial sector, especially in the petrochemical industry.”
With all this demand for oil, both the natural reservoirs and the global climate will suffer. The continued release of carbon dioxide in the atmosphere from the burning of oil and petroleum adds to the greenhouse effect and heats up the temperature of the planet. This in turn causes even more problems for our natural environment.
Alternatives to oil
The main ways that carbon dioxide is emitted in the atmosphere are electricity, transportation, and industry. Scientists and experts have been conducting research for many years now finding ways to create energy without harming the environment and also preserving the Earth’s natural resources for future generations. Solar power, hydropower and wind power are the three most popular alternatives. Another less talked about solution comes in the form of biomass energy. It one of the most plentiful and well-utilized sources of energy in the world coming directly from the photosynthesis of light. The organic compounds of carbon are stored in plants and animals and can be then used to generate energy.
Pierre Falcone, you have invested in CIMV, a leader in biomass energy: how does the process work?
Pierre Falcone: ‘CIMV has taken biomass one step further. CIMV is a company that believes that the 21st century will see the end of all oil. The scientists working at CIMV have found a way to completely use vegetal plant wastes as an alternative to oil: bio refinery. The creation and the usage of the CIMV products are 100% safe to the environment and they do not touch the natural resources of our planet. They essentially can be used for the same purposes as oil.”
This company has discovered a real scientific advancement, and are pioneering the way to new alternatives to fossil fuels. The needs of the planet will grow and it will soon be an emergency. However, finding an alternative is half the battle, the other half being making this new a standard that can be adopted across the world, which may prove difficult but not hopeless, as we have seen that the innovation and ingenuity of CIMV is gathering interest from investors, such as Pierre Falcone. Others are bound to follow suit but it is still early days for biomass energy, and it is above all a matter of awareness for the general public as well as the realisation that, from a business perspective, there is money to be made.