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Author: Xian Nanying Wang Xiaodan Zhu Xiaoxiao
Author unit: Petrochemical Research Institute of China National Petroleum Corporation
Shell is ahead of many oil companies in the energy transition, and is more aggressive in its strategies to deal with the energy transition and carbon emission reduction.
On the implementation path of net zero emissions, Shell mainly adopts the following strategies: by actively managing assets and reshaping business portfolios, maintaining the leading position of world-class energy companies, completing the optimization of the company’s industrial structure, and vigorously developing natural gas integration, electricity, hydrogen energy, and Transformation businesses such as low-carbon fuels, accelerate the transition to a comprehensive energy company; directly reduce carbon emissions by managing and operating emissions, such as the implementation of greenhouse gas and energy management plans, digital operations, etc.
The highest net zero emission target
Shell has operations in more than 70 countries and regions around the world and has 87,000 employees.
In terms of energy transition, Shell is ahead of many oil companies.
The world's largest gasoline retailer and top chemical product supplier
Shell's business covers the upstream and downstream of the petroleum industry.
Shell's chemical and refining products business is mainly composed of three parts: petroleum products and trading, oil retail marketing, and chemicals.
In terms of oil refining, Shell is the world's largest retailer of gasoline and lubricants, with 13 existing refineries, of which 8 are self-operated refineries and 5 are joint venture refineries.
In terms of chemicals, Shell is one of the world's top chemical product suppliers.
Greenhouse gas emissions may peak in 2018
Shell's greenhouse gas emissions may have reached its peak in 2018, at 1.
In 2020, the combined emissions of Shell Scope 1 and Scope 2 accounted for 6% of the company's total emissions.