Global Decarbonization Hub

McKinsey conducted a joint strategy and capability-building project with an oil-and-gas company to support ambitious plans to decarbonize a major asset with growing production over ten years. This included understanding the best way to transition the portfolio to optimize financial and reputational benefits while managing operational, regulatory, and commercial uncertainty. A plan for green power sourcing to meet massive electrification needs leveraged McKinsey Power Solutions modeling capabilities, and considered multiple power-sourcing levers across independent system operators (ISOs) plus new infrastructure needs and partnerships. The transition roadmap identified how to abate 20–50Mt of carbon over the ten-year period.

A major global petrochemical player wanted to enhance its existing decarbonization plans. We conducted a strategic review of the current decarbonization roadmap and identified that the client had potential to exceed its 2030 targets and accelerate its path towards net zero. The client is now using our analysis to increase its climate ambition in the short term and to build a site-level assessment across its portfolio for capital deployment:

• 67 percent potential increase in emission reductions to 2030
• $50 million plus annual opex savings from additional NPV-positive levers
• Pilot sites identified for CCS and H2 in the next five years

When a waste-aggregation service provider and two petrochemical clients wanted to explore how to create a plastic-waste-recycling value chain, we developed a strategy to boost plastic waste collection from residential, commercial, and industrial sources, created an infrastructure for enhanced plastic recycling, and optimized value-chain economics to ensure concept viability. Via this strategic initiative, plastic recycling is expected to increase by 100,000 metric tons per annum in a first pilot facility, with potential to scale across multiple geographies—directly decreasing the amount of waste sent to a landfill each year.