logo
menu
← Return to the newsfeed...

Shell confirms plans to boost low-carbon biofuels portfolio as it unveils new energies plan

Anglo-Dutch oil giant Royal Dutch Shell has announced that it intends to build a new energies portfolio that would include biofuels, hydrogen, solar and wind assets.

The company recently unveiled a new medium-term strategy that envisages asset sales and other cost-cutting measures following its takeover of UK peer BG Group earlier this year. Shell’s goal is to achieve stronger returns and free cash flows.

In a statement, Royal Dutch Shell CEO Ben van Beurden said he recognises potential for the company to achieve material scale and profitability in new energies.

“As the energy transition unfolds, we intend to establish a portfolio to build on our established strengths in low-carbon biofuels, hydrogen and smart customer solutions; as well as in solar and wind,” he said, adding that many of these activities currently complement its natural gas strategy.





224 queries in 0.557 seconds.