FILE PHOTO: A general view of Shell’s Pulau Bukom petrochemical complex in Singapore July 15, 2019. REUTERS/Edgar Su/File Photo
SINGAPORE — Royal Dutch Shell said Tuesday that it plans to build a pyrolysis oil upgrader to turn plastic waste into chemical feedstock at its petrochemical complex in Singapore, part of its shift from oil and gas to renewables and low-carbon energy.
The company is also considering building a carbon capture and storage regional hub and a 550,000 tons per year biofuels plant at its 60-year-old Pulau Bukom manufacturing site, one of five remaining energy and chemical parks owned by Shell globally.
The projects form part of Shell Singapore’s plans to cut emissions from its own operations by half by 2030, from 2016 levels on a net basis, Shell Downstream Director Huibert Vigeveno said.
“This year, we have already halved our crude processing capacity, which is in line with Shell’s global targets to reduce emissions,” he said at a ceremony to break ground for the pyrolysis oil upgrader project.
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Energy companies are facing increasing pressure from investors, activists, and governments to shift away from fossil fuels and rapidly ramp up investment in renewables.
Shell has pledged to halve emissions from its global operations by 2030, as well as reduce its net carbon footprint by 45% by 2035.
