Shell is planning to build a biofuels plant in Singapore to help the company meet its target of halving emissions by 2030.
The company plans to build a 550,000-ton a year biofuels plant that can make hydrogen from cooking oils and animal fats, which are then used to produce diesel for road transport, aviation fuel or chemicals, according to a statement from the company. The facility is subject to a final investment decision.
Shell is seeking to produce around 2 million tons a year of sustainable aviation fuel by 2025 and process 1 million tons a year of plastic waste globally.
The company is also exploring a regional carbon capture and storage hub, and plans to work with a range of customers including in the power sector.
Separately, Shell will build a unit that will improve the quality of pyrolysis oil, a liquid made from hard-to-recycle plastic waste.
It will have a capacity of 50,000 tons a year, making it Asia’s largest, and process the equivalent weight of about 7.8 billion plastic bags. No cost was provided for the investment.
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