In Brazil, Shell and Cosan have agreed to drop their trial period for their joint venture Raizen and continue to operate together indefinitely. The mutual time-bound buyout options included in the original 2011 agreement that created the successful JV have been dropped, allowing the companies to jointly focus on ethanol production along with sugar and […]
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In Kansas, Shell filed a $26 million stalking horse bid for Abengoa’s 25 million gallon per year Hugoton cellulosic ethanol plant, a mere 5% of the project’s development and build cost. The offer was made on October 12 with the U.S. Bankruptcy Court of the District of Kansas and a hearing was held on October […]
This season, The Digest is hosting the Strategic Intent webinar series, looking at the plans, progress and future milestones of strategic stakeholders in the Advanced Bioeconomy. In this slide deck, we looked at Shell and Sinopec and their direct investments, partnerships and alliances with companies both heralded and unknown.
In the Netherlands, Shell’s CEO says it would take an unprecedented level of investment by oil and gas companies of around $1 trillion per year in renewable energy to achieve the climate change goals agreed to during COP21 in Paris in December but that growing demand for fossil fuels in emerging economies would require a […]
In Belgium, Volkswagen has teamed with Shell on a new report by Roland Berger promoting a policy path forward towards a European transport market that achieves environmental and GHG goals set at the COP21 meeting in Paris through the use of biofuels rather than the current trend towards electric vehicles. The integrated roadmap for 2030 […]
In Nigeria, Shell Nigeria Exploration and Production Company (SNEPCo) has signed an agreement with Project Gaia Prospects Limited (PGPL) for the conduct of a pilot study on the use of Ethanol clean cookstoves, a cleaner and safer way of cooking. SNEPCo will provide 2,5000 clean cookstoves and 15,000 canisters for distribution to households in Lagos […]
In the Netherlands, Royal Dutch Shell announced 6500 job cuts and slashed 2015 capex by $3 billion from the April forecast and $7 billion from 2014, as it reported Q2 earnings of $3.4 billion compared with $5.1 billion for the same quarter a year ago. The company said “Compared with the second quarter 2014, earnings […]
In Brussels, a new interactive website “www.BiofuelsforEurope.eu” launched today in the European Parliament to summarize the latest science on key biofuels issues using fact-based, understandable information. BP, Novozymes, Scania and Shell have sponsored the initiative in the common view that biofuels, when sustainably produced, have a positive role to play in decarbonizing the transport sector in […]
In Florida, Royal Dutch Shell has booked 30,000 metric tons of ethanol from Raizen and Louis Dreyfus Commodities’ Biosev for shipment with end of March delivery. Brazil imported nearly the same amount in December. The trade is a result of the weakening real mixed with need to sell old crop ethanol as the new crush […]
In Hong Kong, Shell is the first oil major to launch B5 retail sales in the city, but it is only available for commercial customers and won’t be available at its retail gas stations. The company claims uncertain demand and lack of storage capacity has limited its retail exposure to biodiesel at the moment.