In Brazil, Shell Group Is Expected To Raise Its Investments In Research And Development To US$ 120 Million This Year

Written by Roberta Souza

Published on 18/05/2022 at 18:26

Updated on 18/05/2022 at 18:27

Reprodução de Matthew Horwood / Fonte: Getty Images

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Increase of Investments in Brazil Is Due to the Rise in Oil Prices in the International Market, According to Shell Executive

Due to the increase in oil prices in the international market, Shell is expected to raise its investments in research and development in Brazil to US$ 120 million in 2022, as announced by the company’s Vice President of Corporate Relations – Flávio Rodrigues – during the online event ‘Dialogues of Rio Oil & Gas 2022’. In 2021, the amount invested by Shell in this segment in the country was US$ 80 million.

Such investments correspond to an obligation of oil companies that have oil and gas production and exploration concessions in Brazil, as they are required to allocate 1% of the gross revenue from production to research, development, and innovation (R&D&I).

Flávio Rodrigues Reminded That, As Defined by Shell, A Significant Portion of the Investment Will Be Dedicated to Low Carbon Projects

During the first edition of ‘Dialogues of Rio Oil & Gas 2022’, hosted by the Brazilian Institute of Oil (IBP) in association with the agency epbr, Rodrigues also highlighted that 30% of the invested amount will be directed toward low carbon projects. According to the Shell executive, Brazil has great potential for the carbon credits market, meaning the country can benefit from selling these credits to other nations or industries needing to meet emission reduction commitments in the agreements they have signed.

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Regarding Brazil’s Relevance to the Shell Group, Rodrigues Explained That the Country Needs to Remain Competitive

Furthermore, Flávio Rodrigues also revealed that Brazil is of significant importance to Shell – the company that announced a partnership in the lubricants sector with Raízen – as it accounts for about 10% of the company’s global cash generation. He analyzed, however, that the country needs to remain competitive to continue attracting investments. The Shell executive stated that the quicker the minimum operating conditions for new markets can be established, the easier it is for investors to digest the scenario and decide whether to invest there or not.

In this regard, Rodrigues points out that the war in Ukraine will lead to a reordering of investment allocation in energy and that, in light of this context, Brazil needs to be attentive. This is because if the country is not vigilant regarding the destination of these resources, they may end up going to countries willing to accelerate energy transition more rapidly.

In Brazil, Shell Group Is Expected To Raise Its Investments In Research And Development To US$ 120 Million This Year

Increase of Investments in Brazil Is Due to the Rise in Oil Prices in the International Market, According to Shell Executive

Flávio Rodrigues Reminded That, As Defined by Shell, A Significant Portion of the Investment Will Be Dedicated to Low Carbon Projects

Regarding Brazil’s Relevance to the Shell Group, Rodrigues Explained That the Country Needs to Remain Competitive

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In Brazil, Shell Group Is Expected To Raise Its Investments In Research And Development To US$ 120 Million This Year

Increase of Investments in Brazil Is Due to the Rise in Oil Prices in the International Market, According to Shell Executive

Flávio Rodrigues Reminded That, As Defined by Shell, A Significant Portion of the Investment Will Be Dedicated to Low Carbon Projects

Regarding Brazil’s Relevance to the Shell Group, Rodrigues Explained That the Country Needs to Remain Competitive

A giant printer called the “Ferrari” of concrete has landed in Latin America and can already build a 120-square-meter house in just 48 hours, making the traditional construction site look like something from the last century.

Great Atlantic Sargassum Belt has ceased to be a climatic phenomenon and has become a biological system that feeds on itself, with 8,000 kilometers in length, 37 million tons of algae, and scientists confirm that it is now permanent.

Brazil will harvest a record crop of up to 357 million tons of grains, but it does not have the capacity to store a large part of it. The storage deficit has reached the highest level in history and is equivalent to almost the entire production of Argentina.

End of bricklayers laying brick by brick: robot places more than 2,000 bricks per day, automatically applies cement, works with only one human operator next to the machine, and transforms traditional masonry into a high-speed semi-automated operation.

Scientists have discovered that the Earth recycles its own continents in the depths, dragging pieces of crust down during plate collisions and returning them later as magma, in a mechanism called relamination that has helped build the continents for billions of years.

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