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There are three key reasons why the development of a world-class petrochemicals (petchems) sector is vital to Iraq’s future.
First, its heavy reliance on crude oil exports makes it extremely financially vulnerable both to downturns in the oil price and to the political whims of its fellow OPEC members, especially Saudi Arabia. Second, plain crude oil exports, particularly in the depressed pricing environment that is likely to endure for some time, do not provide the much higher export value that petchems do. Third, Iraq has the natural resources of both oil and gas that can make it a world leader in the petchems sector.
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Australian
Power Ledger is championing the new, middleman-less P2P energy trading model by organizing local communities into the so-called “microgrids” essentially local power grids almost fully autonomous and independent of the national electricity grid.
Another company doing this is Grid+, a US startup that has developed an Ethereum-powered blockchain platform that allows consumers to cut out the energy retailer and buy energy directly from producers.
#2. WePower: Selling Renewable Energy to Corporates
Whereas many energy and tech companies have been generating their own renewable energy, the majority typically buy their renewable energy from a renewable producer through a formal Power Purchase Agreement (PPA).
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