MEMBER NEWS: Oceans of Opportunity to be explored at Subsea Expo 2021

September 28, 2020
MEMBER NEWS: Oceans of Opportunity to be explored at Subsea Expo 2021

The theme for Subsea Expo in 2021 will be Oceans of Opportunity – harnessing the Blue Economy.

The exhibition and conference will explore how the UK’s underwater engineering industry can capitalise on the global blue economy, estimated to be worth $3 trillion by 2030.

Organised by industry body, Subsea UK, the three-day event will take place at Aberdeen’s P&J Live from 23-25 February 2021.

Europe’s largest exhibition and conference focused on the underwater industry is set to be one of the first post-pandemic, large scale physical, as opposed to virtual, events back on the international calendar.

Neil Gordon, chief executive of Subsea UK, said: “The underwater engineering industry currently generates annual revenues of £7.8billion and a large slice of that still comes from the oil and gas sector. However, as the industry extends its reach into offshore wind, defence, ocean and marine science and aquaculture, there is the opportunity to grow global marketshare of what’s now known as the blue economy or ocean economy.

“Forecast to be worth around $3 trillion in the next ten years, the blue economy is the sustainable use of ocean resources for economic growth. Oil and gas, offshore and marine renewables and aquaculture account for around a third of its value.

“This is good news for the subsea industry whose underwater engineering capabilities, honed in North Sea oil and gas and increasingly in demand in offshore wind, are eminently transferrable to defence, ocean science, aquaculture and deep sea mining.”

With leading figures from all these sectors presenting at Subsea Expo 2021, the event is an ideal platform for companies to glean market intelligence, identify new opportunities and ways of exploiting these.

Approaching its 16th year, the event attracts around 200 exhibitors and almost 7,000 delegates from around the world. Over a third of the floor space has already been booked for Subsea Expo 2021.

Mr Gordon added: “Interest in next year’s event is on the increase and it’s clear there is an appetite for a return to real, rather than virtual, events. Our industry’s main sector – oil and gas – has taken a double blow with coronavirus and the collapse in commodity price but, with the race to achieve net-zero, a green recovery on the horizon, including hydrogen and CCUS, coupled with oceans of opportunity in the blue economy, we are sensing renewed optimism. This augers well for 2021 and we anticipate a more buoyant mood at next year’s Subsea Expo.”

The deadline for submitting abstracts to present at Subsea Expo is 9th October. Entries for the Subsea UK Awards will also be accepted up to this date. Details about the award categories, booking exhibition space and sponsorship opportunities are available on the Subsea Expo website.

Get in touch

The team at AREG is committed to ensuring that businesses in Aberdeen City and Shire capitalise on opportunities in renewable energy and that our members achieve success in this rapidly growing market. Please contact us with your news, views, concerns and successes so that we are well placed to deliver on your behalf.

AREG has played an important role in the growth of Scotland’s renewable energy sector, engaging the supply chain and developing the European Offshore Wind Deployment Centre. However, we are only at the very beginning of the transition that AREG was established to both lead and support so there are still opportunities for companies to get into the constantly evolving renewables supply chain. We look forward to continuing our work together as renewables builds on its place as Scotland’s main source of power, and as we seek to deliver real change in the crucial areas of heat and transport.

Scottish Renewables

Aberdeen & Grampian Chamber of Commerce has worked closely with AREG since its formation. The recent progress in the developments of offshore wind projects by Equinor and Vattenfall are as a result of the work of the group over many years. The north-east is known as the oil and gas capital of Europe. At the Chamber, we believe the region must evolve its position to being recognised as the energy capital. Whilst hydrocarbons will continue to be essential in driving our economy for years to come, the generation of renewable resources will play an increasingly important role in providing cost-effective power, innovative development and economic growth.

Aberdeen & Grampian Chamber of Commerce

The enthusiasm and dedication of the early group that would become AREG was fundamental in us choosing to launch All-Energy in Aberdeen. The first tiny show was held in 2001, and AREG’s Chairman at the time, Jeremy Cresswell, played such an active role that I often describe him in terms such as All-Energy’s ‘midwife’. All-Energy is now the UK’s largest renewable and low carbon energy exhibition and conference in terms of number of attendees, space booked, and number of exhibiting companies. As AREG became firmly established, their presence and support for the event grew spectacularly over the years. We thank them most sincerely for their invaluable input.

All-Energy

Vattenfall has forged a strong working relationship with AREG through the development of the European Offshore Wind Deployment Centre. AREG has worked tirelessly on behalf of the North East and it can take enormous credit for the growth of sustainable energy in the region and the path it has cleared for the region to capture further investment.

Vattenfall

Aberdeen City and Shire is emerging as a key location for renewables by successfully transferring its world-class oil and gas expertise into the sector and AREG has done much to advance this through a broad range of initiatives. It has acted as a catalyst in driving further investment in the local economy by engaging with companies, Government, public bodies and existing projects and we have been pleased to support their efforts. Scottish Enterprise will continue to engage with AREG as we increase Scotland’s use of renewable energy.

Scottish Enterprise