Renewable Market Welcomes New Investments, This Time From Multinational Shell

Written by Roberta Souza

Published on 08/02/2021 at 16:47

Shell investe em energia renovável

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Focused on Renewables, Shell Plans to Invest in Hydrogen This Time

Shell is committed to the rapid growth of the renewable energy market, focusing on hydrogen usage, the growth of biofuels, and energy trading. The company has strategically moved away from oil production in line with market prospects. The oil company’s official strategy will be announced on February 11, according to an article published by Petronotícias.

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Commitment to Carbon Emissions:

In addition to abandoning fossil fuels, the Anglo-Dutch company also aims to increase its appeal to investors 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 comprises seven parks with an installed capacity of approximately 323 MW. The request for authorization from Aneel is the first step to enable energy generation projects.

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Petrobras in the Market:

Major oil companies worldwide, such as Equinor, BP, and Total, have shown plans to expand their businesses in the renewable energy market. Petrobras, according to the company’s executive, stated that it lacks expertise in this area and therefore prefers to invest in a method it knows: oil and natural gas production.

Roberto Castello Branco said, “We do not have competence in this area, we are humble, we will not go out buying offshore wind farms or investing in energy transmission and other things. We will invest in what we know how to do well: oil and gas production.”

Renewable Market Welcomes New Investments, This Time From Multinational Shell

Focused on Renewables, Shell Plans to Invest in Hydrogen This Time

See Other News of the Day:

Commitment to Carbon Emissions:

Petrobras in the Market:

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Renewable Market Welcomes New Investments, This Time From Multinational Shell

Focused on Renewables, Shell Plans to Invest in Hydrogen This Time

See Other News of the Day:

Commitment to Carbon Emissions:

Petrobras in the Market:

Mother and daughter build a 70 m² house with more than 8,000 discarded glass bottles and impress with their creativity; known as the Casa de Sal, the property is located on Itamaracá Island, in Pernambuco.

The river that “dies” in the desert never reaches the sea and yet gives life to one of Africa’s largest natural refuges in a truly impressive way.

He transformed an abandoned plastic water tank into an underground house in the “hobbit hole” style, using only repurposed pallet wood, without heavy machinery or expensive labor.

Libya built over 4,000 kilometers of underground pipelines to bring water from the Sahara to coastal cities in a project that the government itself called the Eighth Wonder of the World.

China transforms desert-devastated area into the world’s largest artificial forest, planting trees for 60 years, blocking sand that reached Beijing, and creating a “green lung” of 92,000 hectares in a region once considered lost.

Toyota launches “family hybrid van” with 7 or 8 seats, 1.8 hybrid engine, fuel consumption of up to 23.8 km/l, and a price equivalent to about R$ 104,000 without taxes, below the Tiggo 8 Pro Plug-in Hybrid sold in Brazil: meet the Noah Hybrid 2026 in Japan.

Desert sand, previously discarded for being too smooth for concrete, becomes an ecological brick in the United Arab Emirates, dispensing with Portland cement, curing at room temperature, and attempting to transform dunes useless for construction into raw material for a new arid engineering.

Brazilian scientists are simultaneously advancing two research projects on clean hydrogen and driving solutions that could transform the energy matrix, enhance industrial competitiveness, and accelerate large-scale emission reduction targets.

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A Brazilian living in rural Japan tested Uber Eats in the small town where he lives and discovered firsthand what any experienced delivery person already knows: away from the capital, the app hardly gets any orders, and when it does, it pays little.

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