Supporting our customers
Producing and supplying LCF for our customers will help decarbonise the transport sector by helping them meet their own decarbonisation ambitions. This means providing an affordable, consistent and robust service, using our experience of maximising our supply chains, and developing our marketing businesses so that we are able to grow the impact our lower-carbon solutions have on customers and society.
Decarbonising long journeys
Biofuels are one of the largest sources of renewable energy in use today. They can be blended with traditional fuels and used in vehicles and infrastructure without expensive modification. This is crucial, because transport accounts for more than a quarter of the world’s energy use and one-fifth of its energy-related CO2 emissions.
Electrification of road transport, driven by advances in EVs and hydrogen, will only continue to accelerate the decarbonisation of road transport. However, LCF will be needed to decarbonise longer journeys by road, sea and air for decades to come. Our ability to serve our road freight, aviation and marine customers is key to decarbonising the entire transport sector.
Our net-zero ambition
For the world to tackle climate change and meet the goals of the Paris Agreement by limiting the global temperature rise to 1.5° Celsius, society needs to stop adding to the stock of greenhouse gases in the atmosphere – a state known as net-zero emissions. Advanced parts of the world are likely to need to reach that goal by 2050. Shell supports this effort. In fact, Shell has set itself an ambition to become a net-zero emissions energy business by 2050 or sooner, in step with society. Shell’s LCF business supports this aim and is anchored around our access to affordable feedstocks, commitment to sustainable practices, and our ability to commercialise advanced technology.
We are determined to provide our customers with lower-carbon transport options. And that means growing our production capacity by transforming our existing Energy and Chemicals Parks, building new low carbon fuels facilities, forming strategic partnerships with cutting-edge technology companies, and working to develop new technology and optimise our operations.
Our ability to integrate technologies, like green hydrogen produced from renewable power or carbon capture and storage (CCS), into our production processes at a commercial scale allows us to further reduce the carbon intensity of our products.
Partner of choice
The combination of our technology, experience, supply chain optimisation and growing production capacity makes us a partner of choice for many. This is exemplified by our recent investments with Enerkem to build Varennes Carbon Recycling, and our recent supply agreements with World Energy, Neste and Red Rock which have helped us support our aviation customers like Lufthansa, Amazon Air and DHL Express.