Feasibility Study on the Transition of the Oil and Gas Industry towards Circular Economy

In tandem with the commitment of the Malaysian government to become one of the carbon-neutral country by 2050, industry practitioners are forced to seek alternative ways to elevate the sustainability performance of this matured industry. This project takes initiative to synthesize a circular economy network for the oil and gas (O&G) sector. Two strategies can be conducted to achieve this goal. They include (i) achieving circular economy through re-refining waste oil into usable base oil; and (ii) taking biomass as potential feedstock for the O&G products. Optimal pathways for both strategies are determined with consideration of multiple criteria which include economic and environmental aspects. The outcomes of this project are essentially a guide for policymakers and industrial practitioners in transitioning O&G industry towards circular economy.