Shell publishes Energy Transition Strategy 2024- CORRECTION10-year period, due to rising demand for electricity and weak hydropower output. We believe replacing coal with natural gas, LNG and renewable power will be a key factor in reducing emissions.non-OECD countries, demand has nearly tripled, driven by industrialisation. Much of this increase in demand comes from China, which currently produces around half the world’s steel and cement.of final energy use, but there are limited emissions as the feedstocks are transformed into material goods such as lubricants, plastics and fertilisers. Many of these products indirectly help reduce emissions when used in insulation in buildings or in plastics which reduce the weight of vehicles. We believe bio-feedstocks and recycling will grow in importance in this sector.– to provide more and cleaner energy solutionslow-carbon solutions while reducing salesof oil productsfor our customers.of our operations.non-operated) will use natural gas and renewable electricity to reduce emissions from the plant by more than one-third compared with the world’s best performing facilities when it starts up. The commissioning process is expected to begin in 2024 and will continue into 2025.jet fuel and diesel by 2025.low-carbon energy and chemicals parks, which involves decommissioning plants;
(GlobeNewsWire)