The Catalyst Review October 2024 - 3

HOT TOPICS
International:
● BP Changes Strategy- BP has announced it will reinstall an oil production goal of 2MIL+ BPSD production until 2030, while
increasing upstream capital expenditure to support production. At the same time, the new CEO (ex CFO) stated that in
addition to increased financial discipline, the company will target higher earnings that will be used to increase shareholder
returns amid concern over its lower stock pricing. This seems to follow several other major IOC announcements to focus
more on energy production and security, rather than energy transition projects.
● Geopolitical Instability Major Concern- While CEOs remain cautiously optimistic moving into 2025, the majority are
expressing increased concern about the global economic instability. This appears to be a combination of the UkraineRussia
conflict continuing, along with escalation within the Middle East, but also the struggling Chinese domestic
economy. Recent stimulus by the Chinese government seems to have ceased with no lasting affects addressing the lack
of consumer demand increase. Housing and provincial debt still seem to be major stumbling blocks.
● Transportation Fuels Demand is Cloudy- OPEC+ seems to be struggling in maintaining the demand for crude oil and
there has been disagreement between IEA and their projections. OPEC+ sems to think this is due to shadow crudes being
produced and consumed that they can't track but we know China import for crudes has been down significantly. Some
of this might be explained by increased EV penetration, reduced diesel transport activities, but this mismatch has also
raised the question of whether something else like overall peaking might be involved sooner rather than later. The jury is
still out on this one.
Upcoming Updates: CR will be sending out a readership survey in the coming weeks seeking your further inputs in our
efforts to increase quality and content. We are also going to examine new services based on CR archives including a
proprietary searchable database which might be accessible to existing subscribers to assist your industry intelligence
gathering by providing targeted information. Your interests and feedback for both subjects and any additional notes you
would like to submit are critical to provide even more value to all subscribers. We look forward to hearing from everyone!
The Catalyst Group Announces the Appointment of
Alissa Davis as Executive Vice President
Philadelphia, October 17, 2024 - The Catalyst Group, a leader in information
and consulting to the catalyst industry and energy transition, today announces
the appointment of Alissa Davis to Executive Vice President (EVP) effective
November 2024.
In her role as Executive Vice President, Davis will oversee and lead the company's consulting
business, foster key clients and partnerships, and accelerate the company's global growth
strategy.
" Alissa has extensive industry background and a proven track record of delivering results
while driving revenue growth. Her acumen in developing and implementing commercial and
operational best practices will be instrumental in advancing The Catalyst Group's position in
the market and expanding its customer base, " said Clyde Payn, CEO, The Catalyst Group.
" I'm excited to become part of The Catalyst Group and look forward to using my skill set to
grow the business, " said Alissa Davis. " The Catalyst Group is uniquely positioned to offer
solutions to refining and diverse chemical businesses as the industry continues to change,
including a growing trend toward energy transitions. I am thrilled to be part of a team that
helps companies solve their biggest challenges. "
Before joining The Catalyst Group, Davis was Vice President of Sales at GreenCircle Certified
(GCC), leading transformational activities in sustainability success. Davis's career began at
ExxonMobil, holding various roles in manufacturing, planning, sales, and strategy throughout
N. America, the EU, and China. She spent over 27 years with ExxonMobil, her last role being
Strategic Account Manager in the Global Alliance team, securing long-term relationships
with key strategic clients. In addition, she tackled special project assignments where she led
cross-functional teams. Davis holds an MBA in Finance, from New York University and a BS in
Chemical Engineering with an emphasis on materials science from Lafayette College.
The Catalyst Review
TCG's Vision
The Catalyst Group (TCG) is a global
leading provider of information and
consulting to the catalyst and catalyst
user industries in refining,
petrochemical, plastics, specialty
chemical, fine chemicals,
pharmaceutical, agrochemical, F&F and
environmental industries, more
recently growing their operations
portfolio in energy transition services.
Catalysis, material science and process
engineering combined are crucial
competencies in developing the cost/
performance solutions required for
companies to meet " Net Zero by
2050 " corporate commitments. TCG
is headquartered in Philadelphia, PA
and serves global customers. For more
information, visit www.catalystgrp.com.
Contact Information:
tcg@catalystgrp.com
+1 (215)-628-4447
Gwynedd Office Park
750 N. Bethlehem Pike
Spring House, PA 19477
October 2024
3

http://www.catalystgrp.com

The Catalyst Review October 2024

Table of Contents for the Digital Edition of The Catalyst Review October 2024