Shell signs CCS agreements with Southeast Asia

Shell recently announced that it has signed agreements with Brunei and Singapore to jointly study the development of
carbon capture and storage (CCS) projects.

Shell said it aims to reach at least 25 million tonnes of CCS capacity per year by 2035 and become a net-zero emissions energy company
by 2050.
Under the agreement, Shell, Brunei and the Singapore governments will assess the technical and commercial feasibility
of Brunei's carbon storage options and Singapore's carbon transport options respectively.
This will facilitate cooperation between the two countries in formulating relevant policies and complement the efforts
of the two governments to deepen cooperation in the field of energy and green economy.

Stephen Goh, Chairman of Shell Singapore, commented: "CCS will help reduce CO2 emissions from our own operations as we translate our manufacturing footprint here into the Singapore Shell Energy and Chemical Park
.
It also provides a way to
reduce emissions from hard-to-decarbonize sectors.
This will help Singapore reduce its carbon footprint
as it transitions to a low-carbon economy.
”

As a supplier of CO2 capture technology, Shell highlighted that its shipping business unit is involved in the development and construction of vessels
specifically designed to carry liquid CO2 at CCS sources.
In addition, Shell is building and operating CCS facilities in Alberta, Canada, where the region has stored more than 7 million tonnes
of CO2 since 2015.
Shell is also working with Equinor and Total Energy to transport CO2 from industrial sources by vessel to a central receiving centre, which is then piped to offshore storage
.