Shell Germany says it plans to reorganise its business in line with trends in the energy transition and plans to focus more heavily on offshore wind and on green hydrogen
The plan was announced by Deutsche Shell Holding chief executive Dr Fabian Ziegler.
“We support Germany becoming a net-zero emissions country,” said Dr Ziegler. “Shell’s transformation in Germany has begun and will accelerate.”
Shell has drawn up a plan setting out the role the company will play in Germany and how it can reduce or offset its own greenhouse gas emissions and those that arise when customers use Shell products. It wants to reduce emissions by more than a third by the end of the decade, a target that equates to around 30M tonnes of CO2 per annum by 2030.
“We believe that this can be achieved if, at the same time, politicians ensure the necessary framework conditions and customers increasingly request lower-CO2 products,” said Dr Ziegler.
Shell said it aims to become the leading supplier of green hydrogen for industrial use and transport and to increase electrolysis capacity at its Rhineland refinery tenfold and “investigate further green H2 projects.”
The company said it also wants to participate in the production of renewable energy in Germany through offshore wind and/or the use of electricity from offshore wind to produce green hydrogen.
“As a key market for Shell, the restructuring of our business in Germany will be decisive in the company’s ambition to become a net-zero emissions energy company by 2050 or earlier,” said Royal Dutch Shell board member Huibert Vigeveno.
“Shell Germany wants to lead the way on the issue of net-zero emissions for the entire group,” Dr Ziegler concluded. “That also means that we want to invest. In order to combine our many years of know-how with new approaches, we are also looking at start-ups.”