Process Design for the Energy Transition: An Industrial Perspective

The United States� Inflation Reduction Act (IRA) of 2022 has established incentives to facilitate the energy transition. While these policies provide economic incen-tives that encourage investment and may reduce financial risk for the private sector on the supply side, transitioning to a lower carbon or net-zero economy by 2050 presents several challenges. These include designing flexible production systems that can interact with inter-mittent renewable energy resources, ensure process safety, redesigning existing energy infrastructure to support new energy carriers like hydrogen or ammonia, and making long-term investment decisions in an uncertain and evolving market... (ABSTRACT ABBREVIATED)