Shell targets new hydrogen and CCS projects in 2022

Oil major must be a pace setter in energy transition with a bolder strategy, CEO Ben van Beurden says

Shell aims to push ahead with significant new investments in hydrogen production and in carbon capture and storage (CCS) in 2022, according to CEO Ben van Beurden. The oil major needs to be a leader in the transition and must take risks by investing in low-carbon technologies even before markets have fully developed, he says in comments published by Shell this week. “We must create a culture where people are prepared to take more risks by providing low-carbon products in the expectation that we can sell them,” he says. “I am comfortable investing in the first hydrogen plant in the Netherlands without the first hydrogen trucks being on the road, for example, because we can see that it is a sp