Shell eyeing large-scale CCS venture in Asia

The British supermajor is contemplating plans to set up a number of CCS clusters in Asia, writes media Upstream Online.

Photo: THILO SCHMUELGEN/REUTERS / X03860

BY MATHIAS JULIUS FALKENGAARD, TRANSLATED BY CHRISTOFFER ØSTERGAARD

Published: 10.06.22 at 14:54

One of the world’s largest oil companies, Shell, is looking to countries such as Malaysia, Indonesia, Thailand, China, and India for the next major step towards carbon capture and storage.

Shell is contemplating whether it is feasible to set up one or several clusters in these nations – with commissioning expected towards the end of the decade, writes media Upstream Online.

According to Upstream, Shell is looking into storage at obsolete oil sites, while noting the supermajor’s own energy and chemical plant in Singapore as one potential base for slashing emissions.

Shell confirms to Upstream that the southeast Asian region is particularly interesting for setting up CCS value chains.

Shell has a stated ambition to achieve total storage capacity of 25 million tonnes by 2035.

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