Presentation on theme: "Texas & the United Kingdom: Partners in Energy Innovation Azeemeh Zaheer, Vice Consul (Energy - Oil & Gas) International Energy Team, UK Trade and Investment."— Presentation transcript:
Texas & the United Kingdom: Partners in Energy Innovation Azeemeh Zaheer, Vice Consul (Energy - Oil & Gas) International Energy Team, UK Trade and Investment British Consulate - General Houston
UK Trade & Investment
UK Energy – Bit of History
Current Trends & A Few Numbers Global demand for energy has risen inexorably in the last 150 years in step with industrial development and population growth. Hunger for energy is predicted to continue to rise, by at least 50% by 2030, as developing countries like China and India seek to fuel their rapid economic growth.
Innovation and R&D Research & Development Pilot CommercialisationStrategy R&D Phase I Finance R&D Phase II
The Energy White Paper Tackling climate change by reducing carbon dioxide emissions both within the UK and abroad Ensuring secure, clean and affordable energy as the UK becomes increasingly dependent on imported fuel (www.berr.gov.uk/files/file39387.pdf) Published in May 2007 states that the UK faces two long term challenges:
UK Priority Power and Renewables Wind; onshore and offshore Carbon Abatement Technologies Nuclear Decommissioning Marine Oil and Gas Liquefied Natural Gas (LNG) Subsea structures Enhanced recovery
BP - Rice University CASE STUDY BP selected Rice University (Houston) to lead a consortium of renowned universities to support its global technical learning program.
Ubiquitous Technologies, Austin & the University of Hull CASE STUDY The University of Hull is renowned for its work on liquid crystals materials, following its invention of the first commercial liquid crystal which heralded the advent of the multi-million dollar liquid crystal display technology. The University was awarded The Queen’s Award for Technological Achievement in 1979 and a Royal Society of Chemistry Chemical Landmark award in 2006 for achievements in this field.
Brinker Technology – Aberdeen University CASE STUDY Brinker Technology spun out from the University of Aberdeen in Its work embodies the perfect example of successful research collaboration between industry and UK universities. In November 2007, Brinker Technology completed a £3 million deal with Epi-V, a new specialist oil and gas private equity fund and thus has the working capital to undertake more projects and additional research.
The Single ‘EU’ Market The Single Market principle of mutual recognition of standards means that British manufacturers can sell their products all over the EU without expensive re- testing in every country. The Single Market has led to the scrapping of some 10 million customs forms for UK firms alone, saving UK business an estimated £135 million per year. Membership of the EU has made Britain a magnet for inward investment the UK attracts 40% of the EU's inward investment from the USA and Asia, which are using the UK as a gateway to the Single Market.
Business rationale Channels & partnering Funding Corporate structure: - taxation, transfer pricing - branch v subsidiary Location customers, skills pool Infrastructure Growth potential Property Grants and incentives Key executives Skilled workforce / graduate population Visas and work permits Salary & benefits Personal tax Company registration Intellectual property Licences Data Protection Banking VAT, Customs Outsourcing Accounting, legal services Consultancy Recruitment services Support from RDA’s DETERMINING STRATEGYIDENIFYING LOCATIONIDENIFYING PEOPLE SUPPORT STARTING THE BUSINESS How We Can Help