Energy transition pathways
The energy transition presents a major challenge to organisations in a wide range of industries, from energy companies, who must find ways to maintain their competitiveness while moving the world to a new energy system, through to those in the power, steel, cement and paper and pulp sectors, which are known as ‘hard to abate’ due to a number of technical and economic factors.
Shell’s response involves three decarbonisation pathways: energy efficiency; making or using lower-carbon energy products; and capturing and storing the remaining emissions. These pathways also form the basis of how Shell Catalysts & Technologies is helping customers work towards their energy-transition-related strategic visions.
As the changes that lie ahead may affect companies’ business fundamentals, we also consider a fourth pathway: adapt to the energy transition.
For example, we are helping:
- petrochemicals companies to reduce their carbon footprint by switching to our ultra energy efficient catalysts,
- refiners to create lower-carbon energy products such as biofuels and
- companies from hard-to-abate sectors such as power, steel, cement and paper and pulp to decarbonise through the use of blue hydrogen.
To see how these pathways align with Scope 1–3 terminology, click here.