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Decarbonizing Shipping: All Hands on Deck Launched (Ind. Report)
Shell Oil
Date: 2020-07-10
The Anglo-Dutch oil giant Shell, Deloitte Netherlands and Deloitte UK have released their Decarbonizing Shipping: All Hands on Deck report -- a roadmap to decarbonize maritime shipping.

The report investigates alternative fuels such as biofuels, liquefied natural gas, and hydrogen, to help meet the International Maritime Organization's (IMO) regulations and calls for the maritime shipping industry to at least halve greenhouse gas emissions by 2050 while reducing CO2 emissions intensity by at least 40 pct by 2030, rising to 70 pct by 2050, relative to a 2008 baseline.

To that end, the research report found that industry stakeholders should prioritize five solutions over the next few years -- scale-up customer demand; global regulatory alignment; cross-sector R&D; scale-up controlled pilot projects; coordinated industry commitment. The report also notes reducing emissions from the current fleet can be partially achieved by implementing operational measures such as lubricant quality, digitalization, and the use of data and smart navigation strategies.

Download the Decarbonized Shipping Shipping: All Hands on Deck report HERE (Source: SHELL, July, 2020) Contact: SHELL, www.shell.com; IMO, Stefan Micallef, Director of Marine Environment Division, +44 (0) 20 7735 7611, www.imo.org

More Low-Carbon Energy News Shell Oil,  GHGs,  Carbon Emissions,  Maritime Emissions,  IMO,  


Report Investigates Marine Alternative Fuel Options (Ind. Report)
Shell Oil
Date: 2020-07-10
‎ Decarbonizing Shipping: All Hands on Deck, a recently released report from petroleum giant Royal Dutch Shell, Deloitte Netherlands and Deloitte UK investigates the use of biofuels, liquefied natural gas, hydrogen and other alternative in helping the maritime shipping industry meet the International Maritime Organization's (IMO) regulations and ambitions calling for the shipping industry to at least halve greenhouse gas emissions by 2050 while reducing CO2 emissions intensity by at least 40 pct by 2030, rising to 70 pct by 2050, relative to a 2008 baseline.

The report also notes reducing emissions from the current fleet can be achieved by implementing operational measures such as lubricant quality, digitalization, and the use of data and smart navigation strategies.

Download the Decarbonized Shipping Shipping: All Hands on Deck report HERE (Source: SHELL, July, 2020) Contact: SHELL, www.shell.com; IMO, Stefan Micallef, Director of Marine Environment Division, +44 (0) 20 7735 7611, www.imo.org

More Low-Carbon Energy News IMO,  Shell Oil,  Alternative Fuels,  IMO,  Marine Fuel,  Biofuel,  


Bureau Veritas, Shell Ink Global GHG Reduction Agreement (Int'l.)
Bureau Veritas
Date: 2020-06-05
In Paris, laboratory testing, inspection and certification services provider Bureau Veritas reports the signing of a global framework agreement intended to help global energy and petrochemicals giant Shell reduce greenhouse gas emissions (GHG) from operations.

Methane emissions are a major component of indirect greenhouse gas emissions generated along the oil and gas value chain. Shell has set a target to maintain methane emissions intensity below 0.2 pct by 2025. Bureau Veritas will provide support and help enable the company meet that target. (Source: Bureau Veritas, PR, 4 June, 2020 Contact: Bureau Veritas, Bruno Ferreyra, , Exec. VP., Delphine Doungouss, Media, +33 (0)1 55 24 70 95, Delphine.doungouss@bureauveritas.com, www.bureauveritas.com

More Low-Carbon Energy News Bureau Veritas,  Shell Oil,  GHG,  Greenhouse Gas,  CO2,  Methane,  


Notable Quote -- Shell VP Comments on CCS
Shell Oil
Date: 2020-05-19
"CCS is a crucial technology to help society and economies thrive through the energy transition. We appreciate the leadership shown by the Norwegian government to accelerate the development of CCS value chains and believe that the Northern Lights carbon dioxide  solution has the potential to unlock investment in capture projects across Europe." -- Syrie Crouch, CCS VP, Shell Oil

More Low-Carbon Energy News Northern Light,  CCS,  Carbon Storage,  


TOTAL, Equinor, Shell Agree on Carbon Capture Network (Int'l.)
TOTAL, Equinor, Shell
Date: 2020-05-19
International Energy giants Equinor, Shell and TOTAL are reporting agreement on the planned $685 million Northern Lights -- North Sea carbon capture and storage (CCS) project.

The project to be located off the Norwegian coast would capture and sequester 5 million tpy of CO2 from some of the EU's heaviest emitters.

A final investment decision on the project hinges on approval by the Norwegian authorities and rubber-stamping by the EFTA Surveillance Authority.

"The Northern Lights project could become the first step to develop a value chain for CCS, which is vital to reach the global climate goals of the Paris Agreement," according to Equinor Exec.VP Anders Opedal. (Source: Total, Equinor, Shell Oil, ReCharge, 15 May, 2020) Contact: Equinor, www.equinor.com; TOTAL, Investor Relations: +44 (0) 207 719 7962 l, ir@total.com, www.total.com

More Low-Carbon Energy News TOTAL,  Equinor,  Shell ,  Carbon Capture,  CCS,  


Notable Quote from Shell CEO
Shell Oil
Date: 2020-04-13
"All of society, from consumers, to businesses, to governments, recognised the need to accelerate global efforts to reduce greenhouse gas emissions." -- Ben van Beurden, Shell Oil, CEO April, 2020)

More Low-Carbon Energy News SHell Oil,  GHGs,  Carbon Emissions,  


Notable Quotes -- Carbon Markets and Carbon Emissions
EU ETS
Date: 2020-04-08
"This (COVID-19 pandemic) is a perfect storm for Europe's carbon market, and it may well lead to some challenging questions about its role in Europe's decarbonisation strategy once the COVID-19 crisis has passed." -- Coralie Laurencin, IHS Markit Dir. (Note: Europe's carbon price has dropped 40 pct since early March when they were still trading at roughly €24 ($26) per metric ton to €16-18 per metric ton. In 2019 the high was €29 per metric ton.)

"All of society, from consumers, to businesses, to governments, recognised the need to accelerate global efforts to reduce greenhouse gas emissions," -- Ben van Beurden, CEO,Shell Oil, April, 2020

More Low-Carbon Energy News Carbon Market,  EU ETS,  


Notable Quote

Date: 2018-11-14
"In general, you can say the statement that gas is cleaner than coal is mostly true, but actually that is irrelevant. This isn't about being cleaner than coal, it is about reducing the hell out of our greenhouse gas emissions." -- Roland Kupers ,former Shell Oil LNG executive; Environmental Defense Fund advisor.

More Low-Carbon Energy News Carbon Emissions news,  Coal news,  


Shell CEO Promotes Reforestation to Meet 1.5C Degrees (Int'l)
Shell Oil
Date: 2018-10-12
Speaking at the Oil & Money Conference in London on Tuesday, Shell Oil CEO Ben van Beurden argued that an increased reliance on renewable energy would not be enough to meet the Paris Climate Agreement goal of limiting climate change to 1.5C degrees.

van Beurden noted that reforestation -- the planting of more trees -- was the only solution to meeting the goal of 1.5C. Reforestation is similar to afforestation, which is the process of restoring and recreating areas of woodland on land that was not previously forested.

Removal of woodland areas and forests from the planet has become all too common, due to agricultural activities, logging, mining and forest fires. Forests soak up pollution and dust from the air, maintain the balance of CO2 and oxygen in Earth's atmosphere, build natural habitats and ecosystems and maintain the water cycle which prevents soil erosion.

Reforestation can help mitigate global warming by reducing the amount of CO2 in the air. Trees use sunlight to absorb CO2 from the atmosphere through photosynthesis. Water also evaporates from leaves and this conversion of water to vapour removes heat from the air.

The Shell CEO added that an Amazon-sized tree planting project is needed to meet global warming targets. (Source: Shell, iNews, 10 Oct., 2018)

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