Carbon Capture and Storage (CCS)
In Alberta, Canada, Shell operates a joint venture (Shell interest 60%) to develop the first commercialscale CCS for reserves extracted from our oil sands operations. The facility is designed to capture up to 35% of the current CO2 emissions from the Scotford Upgrader – the site where bitumen is processed into synthetic crude oil. The captured CO2 is stored in a porous rock layer about 60 km away and more than 2 km below ground.
Quest started operating in 2015. At full capacity it can capture and store more than 1 million tonnes of CO2 each year – equivalent to the emissions from about 250,000 cars. Since its start-up, Quest has reduced CO2 emissions by 315 kilotonnes. The governments of Alberta and Canada have provided C$865 million to support the development of Quest.
Shell and our joint venture partners are freely sharing any data or intellectual property generated by the Quest project to help others advance CCS projects and demonstrate its value on an industrial scale.
Low-carbon energy investment
Over the past six years, we have invested about $1.1 billion in low-carbon R&D. We support the development and implementation of new energy technologies by investing in companies and technologies that are complementary to Shell’s existing business.
Through Shell Technology Ventures, we invest across the full scope of alternative energy: in production, we invested in GlassPoint solar technology; in energy distribution, we invested in Next Step Living, a company that helps homeowners improve energy efficiency and use more renewable energy; in energy storage, we invested in Aquion Energy, a company that produces saltwater ion batteries that can store solar power for use at night for industrial purposes.
Other areas of low-carbon investment include supporting the global Carbon XPRIZE in the area of carbon capture and use. In Canada, Shell and nine members of Canada’s Oil Sands Innovation Alliance are funding an XPRIZE to foster ideas to find alternative uses for captured carbon dioxide.
As part of our low-carbon investment portfolio, we are also researching new transport solutions including hydrogen technologies, energy storage for electric vehicles and advanced biofuels.