UK-based energy giant Shell and MAN Energy Solutions have agreed a new Memorandum of Understanding (MoU) relating to their decarbonisation efforts.
The two companies will investigate how their respective skills and expertise can be combined in a way which will benefit both their own decarbonisation efforts, and those of their customers.
Signing the MoU on behalf of Shell, which also makes a range of grease and lubricant products, was Allen Pertuit, the company’s vice president for downstream projects, while CEO Dr Uwe Lauber signed for MAN Energy Solutions.
Like many oil majors, Shell aims to be a net zero business by 2050. MAN Energy Solutions may be able to help with this through its engines, which can be powered by climate-neutral fuels, and its technologies for capturing and processing carbon. Almost half of the 18 industrial-scale carbon capture plants currently in operation use the carbon dioxide compression technology from MAN ES.
Allen Pertuit said about the agreement:
“With hydrogen, biofuels and CCUS we are seeding growth for the energy businesses of the future. Collaboration with partners, like MAN Energy Solutions, is important in the design and delivery of new business models that should address the needs of complex, energy-intensive and hard-to-abate sectors.”
The Canadian arm of Shell has already tasked MAN Energy Solutions with providing an integrally geared compressor for use in its CCUS project at a site in the Canadian province of Alberta. Since it came online in 2015, this world-leading project has already captured and sequestered some 9 million tons of carbon dioxide.