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Shell Eyes DAC Opportunities

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Shell is in the early development phase for potential applications of direct air capture (DAC) technology as part of its broader efforts to lower emissions, according to a company official. Speaking at a breakfast event in Houston last week, Shell’s Vice President of Energy Transition Aura Cuella said the company “fully believes” that carbon capture and storage (CCS) and DAC are an essential part of the solution. Shell operates the Quest CCS enhanced oil recovery project in Canada and is a partner in the Chevron-led Gorgon natural gas development in Australia. It has seven other CCS projects in development globally, according to its website. The London-based supermajor has not spoken much about its interest in DAC specifically, although industry observers believe the company has been working on it behind the scenes.

Topics:
Carbon Capture (CCS), Corporate Strategy , Majors, Emerging Technologies, ESG
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