Shell Will Increase Investments in New Energies in Brazil Starting in 2021

Written by Roberta Souza

Published on 04/12/2020 at 13:41

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During Rio Oil & Gas, Shell’s President Reported That the Company Will Allocate 30% to 35% of Its Budget to Energy Investments

Shell, a multinational oil company whose main activities are oil refining and natural gas extraction, stated during Rio Oil & Gas that it will redirect 30% to 35% of its total budget toward research and development of new energies in Brazil starting in 2021. The statement was made by the company’s president in Brazil, André Araújo.

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The company’s president stated, “Shell will sell more products with lower carbon intensity, such as renewable energies, biofuels, and, I hope, hydrogen at some point in the future. The low-carbon economy has real business opportunities, job creation, and income. If Brazil does its homework, it will get ahead of everyone.”

Currently, the company invests about 10% in research and development in various oil and gas sectors. Shell aims to invest part of its global annual budget in new energies, with new targets related to global ambitions announced this year.

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Shell Will Increase Investments in New Energies in Brazil Starting in 2021

During Rio Oil & Gas, Shell’s President Reported That the Company Will Allocate 30% to 35% of Its Budget to Energy Investments

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Shell Will Increase Investments in New Energies in Brazil Starting in 2021

During Rio Oil & Gas, Shell’s President Reported That the Company Will Allocate 30% to 35% of Its Budget to Energy Investments

Check Also:

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China is building an artificial island in the middle of the sea, covering 20 km², to construct the largest offshore airport in the world, the Dalian Jinzhouwan. This $4.3 billion project is anchored on more than 3,000 pillars embedded in the rock beneath the ocean and is scheduled to open in 2035.

Forget petroleum-based asphalt: a Scottish company transforms 684,000 plastic bottles into one kilometer of road that is 60% more resistant and up to 10 times more durable, and the technology has already started replacing traditional asphalt in more than 30 countries.

A British company has installed in the middle of the ocean the world’s first floating platform that generates electricity 24 hours a day from the temperature difference between the surface and the depths of the Atlantic, without relying on wind or sun.

Austrian engineers have developed an inflatable concrete technology that transforms flat slabs into domes using only air pressure, eliminating scaffolding and temporary forms, and potentially changing the way bridges, tunnels, and curved roofs are constructed worldwide.

A robot named Walter does the work of five bricklayers per hour and can save the construction industry, where the average age of professionals is 46 years and almost no one wants to learn the trade anymore, in the United Kingdom.

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