Shell Pennsylvania Petrochemicals Complex – Shell Cracker Plant.
Royal Dutch Shell on Thursday outlined details of its short-term and long-term plans to shift to cleaner energy with the announcement that its oil output and total CO2 emissions had peaked.
– Royal Dutch Shell, one of the multinationals which defined the oil industry, is gradually steering away from the fossil fuels which have enriched the company over the decades, but have also exacerbated a global climate crisis.
It will shut down seven of its 13 refineries with the objective of cutting petrol and diesel production by 55% over the next decade.
Shell has announced new plans to achieve its aim of becoming CO2 neutral by 2050, which would involve a 1% to 2% annual reduction in oil production.