• Shell plans a 550,000-tonne-per-year biofuels factory
• The company cuts its crude processing capacity at its Singapore hub to half
Royal Dutch Shell Plc plans to establish a biofuels facility in Singapore to assist the corporation in meeting global low-carbon energy demands and halving emissions by 2030.
The oil giant intends a 550,000-tonne-per-year (tpy) biofuels factory that will convert waste and vegetable oils into sustainable aircraft fuel (SAF).
Shell aims to produce around 2 million tpy of SAF globally by 2025, even though SAF represents less than 0.1 percent of today's global jet fuel consumption.
The company cuts its crude processing capacity at its Singapore hub to half and decreased fuel exports as by 2050 company hopes to eliminate all net emissions as well as the majority of greenhouse gases from the gasoline it sells to consumers.
“We have already cut our crude processing capacity here in Bukom,” said Aw Kah Peng, chairman of Shell Companies in Singapore, Bloomberg reported. “There’s a clear commitment away from fossil as well as traditional fuels.”
In 2023, Shell will construct its first pyrolysis oil upgrader, which will generate 50,000 tonnes per year of treated pyrolysis oil for its 800,000 tpy cracker on Pulau Bukom.
The expenses of the project are not yet revealed.
Headquarter Shift
The oil and gas giant plans to consolidate its London and Amsterdam businesses, and will shift its head office from the Hague to the U.K. in a bid to navigate to a lower-carbon global energy system, the company announced last week.
The company said that under its plan, the company would take up tax residence in the U.K., rather than the Netherlands. The oil major would drop the Royal Dutch designation it has held for more than 130 years, and change its name to Shell PLC.
Picture credits: FT