Shell Plans to Downsize Refining Portfolio

(Global) Six Energy and Chemicals Parks

Energy major Shell is eyeing a shift to hydrogen across its refinery assets as it downscales its refining portfolio to six "high-value" processing parks.

In its most recent financial update the firm said it intends to transform its asset base from 14 refining sites to six "energy and chemicals" parks. A key focus will be the move to cleaner fuels, and in particular greater use of hydrogen in the downstream chain.

“As an industry we cannot simply supply lower carbon or more sustainable products if there is no demand. Shell has the infrastructure, the system and the people to do it. We are playing our part to push things forward, but we need the pull too. We need the demand to make the transformation feasible and we need the right policies to encourage that demand,” Huibert Vigeveno, Shell’s downstream director, said to Reuters news agency.

Anglo-Dutch energy group Shell is headquartered in The Hague, Netherlands, and is one of the oil and gas "supermajors" and this year has pressed ahead with plans to increase investment in alternative energy solutions.
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