Shell Royal Dutch takes the helm on electricity sales and hydrogen and biofuels for driving the transition from oil to clean energy. The Anglo-Dutch company will present its updated industrial plan on February 11, but internal sources have anticipated to Reuters some guidelines, already launched last year. Unlike other energy groups such as BP and Total, Shell therefore seems to have chosen a different path than that of focusing on the acquisition of plants for the production of renewable energy.
Shell, as well as other European companies (including Eni), is moving towards a new development model for encourage investors to make long-term investments in a sector subjected to the strong pressure of the energy transition towards activities with low CO2 emissions. The choice of the Anglo-Dutch giant is therefore of focus on the sale of electricity produced from renewable sources, becoming the intermediary between producers and consumers, rather than investing billions of dollars on new productive assets.
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In October, Shell announced it would gradually increase its investments in low-carbon sectors to reach 25% of its total investments by 2025. This will translate into a flow of more than $5 billion invested per year compared to the current 1,5, 2-13 billion spent today in the sector. A goal that is not easy to achieve, according to some analysts, considering the fact that Shell is still the largest energy trader with around 13 million barrels/day corresponding to XNUMX% of global demand before the pandemic. A balance between traditional activities and new ones will therefore require great care on the part of management.
The other development factor for the energy giant will be the diffusion of electric cars and recharging points as well as the expansion of biofuels. Finally thehydrogen: it is here that the group plans to aim, starting initially from Europe where it is building a hub in Germany in Hamburg and participating in another in Rotterdam in the Netherlands.
