INDUSTRIAL ENERGY SYSTEMS (AUSTRALIA)

Carbon Neutrality

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Much of the global economy has committed to becoming carbon neutral in the coming decades. In Australia the Government’s recently updated Nationally Determined Contribution has pledged to reduce Australia’s greenhouse gas emissions by 43% below 2005 levels by 2030, which is a 15-percentage point increase on Australia's previous 2030 target.

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Australia also reaffirmed its commitment to net zero emissions by 2050 .
Many companies are under sustained pressure from their customers, shareholders, investors and regulators to pledge to, and ultimately reduce their GHG emissions to nett zero over the same time period.
For example; the whole Australia Red Meat Industry has pledged to be Carbon Neutral by 2030 .
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The path to net zero emissions is often referred to a ‘glidepath’ implying a smooth transition, however, the challenge is – getting to net-zero is not a glidepath at all. The reality is going to be far more ‘lumpy’ for both CAPEX/investment requirement and emissions reductions achieved. The reason is linked to asset lifecycles.

2050 is less than thirty years away. An organisation that wants to be nett zero GHG emissions by then will need to develop a decarbonisation strategy now and allocate an appropriate capital works budget for its execution.

 

There is uncertainty around supply and demand and linkages to uncertain future gas and oil prices. Industrial gas users are concerned about the uncertainty of future gas prices. By integrating with solar thermal systems, however, there is no input fuel cost or price volatility to consider, essentially handing control of energy costs back to the business owner/operator. 

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IES Team Bios

 

Principals 

Paget Hargreaves: Paget has over 25 years’ experience in business development, investment and financing across the agricultural, energy and resource sectors in the MENA region, Asia and Australia. From 2012-2015 Paget was director at Sundrop Farms in Australia, an innovative company operating in the food, energy and water space which developed the world’s first commercial facility utilising the sun’s solar thermal properties to desalinate sea water to heat and cool greenhouses whilst simultaneously creating fresh water to irrigate and produce food all year round with no pesticides and zero carbon footprint.

Paget is  CEO of not-for-profit AgriUT Foundation and is a Member of AIPM (Australian Institute of Project Managers) and AICD (Australian Institute of Company Directors). Paget holds an MBA, a Graduate Certificate in Management and a certificate in Circular Economy and Sustainable Strategies from the Cambridge Judge Business School.

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Dr Stewart McGlashan: Stewart’s skills are often applied to challenging projects in the agri-business, manufacturing, energy and enviro-business sectors, especially in business and strategy development and business transformation. Stewart has also been actively involved in these sectors across Australia, New Zealand, North America and much of Asia for over 20 years as an academic, inventor, investor and Director/MD. Stewart has also worked with Governments and large multinationals across the areas of energy security and climate change. Stewart is currently on the board of a red-meat industry biosecurity technology company and sits on two advisory boards including Meat and Livestock Australia’s Donor Company R&D Investment Advisory Committee for Supply Chain Sustainability. Stewart holds an Executive MBA, Ph.D. in Chemical Engineering and is a graduate member of the Australian Institute of Company Directors.

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Advisors

Dr Ihab Elmassry M.Sc., CEM, CEA, DGCP: Dr Elmassry started his career as a demonstrator at Ain Shams University, faculty of engineering in Cairo. He worked at energy efficiency projects funded by USAID, UNDP/GEF and DANIDA, UNEP/RISO, World Bank & the IFC. He worked with PA/Bechtel/Nexant at National Energy Efficiency & Environment Project (ECEP) in Egypt and was MENA business development consultant at Energy Solution business /Cummins NG-based Power Generation, UK and was a NEXANT consultant in developing a National Energy Efficiency Strategy for Egypt to promote for NG-based power generation. In 2012 Ihab led a technical team to study and develop the 20ha Sundrop Farm greenhouse project in Adelaide (worthA$200m). 

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Dr Yuri Saveliev is a dynamic and versatile research scientist as well as software developer of web applications with extensive experience in the fields of thermodynamics, electrical processes in cloud microphysics, fermentation of agricultural residues into feeds for animals and domesticated insects. Yuri is the author of several patents and patent applications and has published over 35 scientific research papers. From 1981-87 Yuri achieved his degree in Physics Engineering from the Moscow Institute of Physics and Technology (MIPT) and from 1987-89 Yuri went on to acquire his PhD equivalent in the field of plasma physics from the Kurchatov Institute of Atomic Energy (KIAE) in Moscow.

 

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