In February 2021, Shell announced it is integrating its strategy, portfolio, environmental and social ambitions under the goals of Powering Progress: generating shareholder value, achieving net-zero emissions, powering lives and respecting nature. “Powering Progress” sets out details of how Shell will achieve its target to be a net-zero emissions energy business by 2050 or sooner, in step with society. This target covers the emissions from our operations and the emissions from the use of all the energy products we sell. And crucially, it includes emissions from the oil and gas that others produce and Shell then sells as products to customers, making the target comprehensive. We will continue with short-term targets that will drive down carbon emissions as we make progress towards our 2050 target, linked to the remuneration of more than 16,500 staff. More information on “Powering Progress” is available here.

Lighthouse initiative

Shell believes that clean hydrogen, in conjunction with electrification and energy efficiency can play a key role in the transition to climate neutrality.

At the Shell Rhineland Refinery near Cologne in Germany, we are working to install a hydrogen proton exchange membrane (PEM) electrolyser. It will have a peak capacity of 10 megawatts and produce 1,300 tonnes of hydrogen a year.

The electrolyser will also help balance the local power grid, by enabling the refinery to make and then store hydrogen when power supplies from variable renewable sources, such as wind power, are high. The plant will be built by ITM Power and operated by Shell. This project, REFHYNE, will complete in 2021 and Shell have already announced plans to look at extending capacity to 100MW REFHYNE is funded by the European Commission’sFuel Cells and Hydrogen Joint Undertaking (FCH JU) . More information is available here.