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Shell sees its future with fewer, more integrated refineries yielding renewable fuels, hydrogen

11/30/2020

Royal Dutch Shell, hit by a $17.7 billion loss in the first nine-months of 2020 as Covid-19 slashed demand, will downsize to six refining-chemical integrated “parks” as part of a transition to lower carbon emission products. The company sees production of renewables, as well as green hydrogen, playing a major role in its long-term sustainability. The success of this change will depend on whether there would be enough demand for low-carbon emission products as well as supporting government policies. “As an industry we cannot simply supply lower carbon or more sustainable products if there is no demand,” said during a Reuters Events Downstream conference in late November Huibert Vigeveno, Shel

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