CXC: Transforming the petroleum industry with natural biopolymers

With a projected $2 trillion investment gap in minerals crucial for climate change mitigation, the demand for innovative solutions has never been greater

The UAE has made significant investments in boosting hydrocarbon production capacity and constructing midstream and downstream infrastructure to support potential expansion in hydrocarbon output. According to Country Analysis Brief: United Arab Emirates, UAE real output has averaged slightly less than three million barrels per day (b/d) during the last decade as a result of production reduction agreements between OPEC and non-OPEC participating nations (collectively known as OPEC+).

However, the country recently announced a significant increase in its oil production capacity just a month before its scheduled meeting with other OPEC+ nations to determine output levels for the latter half of 2024. The UAE's national oil company, the Abu Dhabi National Oil Company (ADNOC), revealed that its current production capacity stands at 4.85 million b/d, up from 4.65 million b/d at the end of the previous year. This development underscores the country's commitment to leveraging its newfound capacity and influence within the global oil market.

They are dedicated to speeding up climate action and achieving high-scale impact across the oil and gas sector. The country also made the energy transition a priority and it was the first Arab state to set a 'net-zero' emissions target for the year 2050. In light of forecasts predicting a rise in electric vehicle adoption and green initiatives, the oil industry has faced increasing scrutiny regarding its long-term sustainability and environmental impact. Amidst these challenges however, innovative solutions are emerging to address the need for sustainable alternatives in many of the downstream industries that rely on oil and gas such as cosmetics, agriculture, pharmaceuticals, and military applications.

One such solution is the groundbreaking technology developed by CXC-SKIN, a part of the Montréal-based company CXC™, focused on transforming natural biopolymers into viable resources for various oil and gas downstream industries such as beauty and personal care as well as agriculture. The company's innovative approach promises to revolutionise the sector by displacing petrochemicals by utilising biopolymers to achieve decarbonisation. With a focus on cracking biopolymers, such as Vegan and Crustacean Chitin and Chitosan as well as Alpha-Cellulose, CXC enables companies reliant on oil and gas to enhance performance while significantly reducing their carbon footprint.

The UAE has consistently demonstrated its willingness to leverage its excess production capabilities, sometimes diverging from the more conservative approach advocated by other OPEC members. According to the International Trade Administration, the UAE is actively exploring unconventional oil and gas resources, testing and implementing new extraction technologies to increase recovery rates and prolong output, creating opportunities for greenfield projects. With a projected $2 trillion investment gap in minerals crucial for climate change mitigation, the demand for innovative solutions has never been greater. Now, with CXC's technology, oil and gas companies can spearhead the transition toward sustainability while maintaining their strategic advantage in global markets.

François Lamoureux, the visionary co-founder of CXC-Skin, envisions a future where sustainability is at the forefront of every industry. He states, "CXC believes that we, as a species, have the capability to harness the power of nature to drive innovation and create a more sustainable world. Our technology not only offers a solution to global environmental challenges but also opens the door to the oil and gas industry to lead decarbonisation efforts across various sectors."

What sets this company apart is its commitment to addressing the dual challenges of environmental sustainability and economic viability. By providing a cost-effective alternative to petrochemical-derived ingredients, CXC-Skin empowers companies to meet the growing demand for eco-friendly solutions without compromising on performance. By leveraging natural biopolymers, companies can reduce their environmental impact, meet consumer demands for sustainable products, and contribute to a greener future.