Focused on renewables, Shell intends this time to invest in the use of hydrogen

Shell is committed to the rapidly growing renewable energy market, with a focus on the use of hydrogen, growth in the use of biofuels and energy trading. The company strategically moved away from oil production following the market outlook. The oil company's official strategy will be announced on February 11, according to an article published by Petronotícias.

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• 50 job openings to work at the multinational Ambev, the largest beverage company in the world, today February 5th
• Locar contracts in RJ demand vacancies for elementary and high school candidates experienced in the naval industry, this February 05th

Commitment to carbon emissions:

As well as ditching fossil fuels, the Anglo-Dutch company is also hoping to increase its appeal to investors who are concerned about the energy giant's prospects for reducing greenhouse gas emissions in a changing world.

Shell announced in October 2020 that it would increase its spending on low-carbon energy by 25% within five years. Recently the company announced that it wanted to develop a solar energy project in Paraíba. The project has seven parks with an installed capacity of approximately 323 MW. Aneel's grant request is the first step towards making power generation projects viable.

Petrobras in the market:

The world's major oil companies, such as Equinor, BP and Total, have shown projects to expand their business in the renewable energy market, Petrobras, according to the company's executive, he said that the company does not have training in this area and therefore prefers to invest in a method he knows: the production of oil and natural gas.

Roberto Castello Branco, said that “We have no competence in this area, we are humble, we are not going to buy offshore wind farms or invest in energy transmission and other things. We are going to invest in what we know how to do well: oil and gas production.”