Shell Looks At Clean Energy

Shell is reshaping its strategy to build up new businesses around biofuels and electrification.

- Bhargav TS

With the formation of the New Energies unit in 2016, Shell is leading the oil and gas majors in investment and vision. It is claimed to be drawing plans to invest up to USD-two billion dollars in renewables, microgrids, batteries, electric vehicle charging, and other emerging technologies every year. Focusing on re-arranging the competitive landscape for clean electrification, the energy giant is said to be looking beyond fossil fuels and chemical businesses, which form a formidable chunk of its revenue currently. Seeking growth through organic and inorganic routes, Shell is said to be reshaping its strategy to build up new businesses around biofuels and electrification.

Displaying the GMD OX ‘flatpack’ truck in India recently to highlight its effort on bridging the mobility divide in India, Shell is tapping the rising demand for synthetic oils. Spending close to about Rs.500 million in terms of R&D every year and having a group of 200 scientists working on the future of technology, according to Mansi Madan Tripathy, Managing Director, Shell Lubricants India, the ‘flat-pack’ truck is being projected as the world’s first all-terrain vehicle of its kind. Claimed to be capable of reaching remote areas, the vehicle speaks about Shell’s investment in clean energy as part of its new emission reduction strategy. A strategy that focuses on reforestation partnerships among others.