Sunday Dec 04, 2022

Shell Malaysia forges partnerships to expedite energy transition – The Edge Markets MY

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Less than a year into his new role, Shell Malaysia chairman Ivan Tan has set his sights firmly on steering the oil and gas company on a transformational journey to become a net zero emissions energy business.

Stressing that Shell plays a significant role in meeting the energy needs of the world today, Tan highlights that the company actively works to reduce emissions from its own operations while supplying energy and products to power lives, businesses and homes.

In expediting its efforts to provide cleaner energy solutions, Shell has introduced Powering Progress as its strategy to accelerate the transition of its business to net zero emissions, he points out. Through Powering Progress, the company aims to be a net zero emissions energy business by 2050, in step with society’s progress towards achieving the goal of the Paris Agreement.

“Shell’s climate target includes carbon dioxide (CO) emissions from the end use of all the energy products we sell, our Scope 3 emissions, which account for over 90% of our total emissions. This means that to achieve net zero emissions, Shell must sell a lower carbon energy mix over time by offering customers more low-carbon products, which include low-carbon power from renewables, EV charging for electric vehicles and lower-carbon fuels,” says Tan.

In addition, where it is not possible to avoid emissions, such as in heavy manufacturing and the transport of heavy goods, the emissions will need to be captured using technology or offset through nature.

“We are working with the government and our partners and customers to develop more sustainable energy solutions in the form of low-carbon power and fuels, carbon capture and storage (CCS) technology, circularity in our economy and forest conservation projects in Malaysia and the region,” he says.

“We serve 10 million customers a week at our retail sites across the country and we need to ensure that our existing businesses are the best that they can be, in terms of reliability and competitiveness.

“We are also privileged to have the best talent in the industry, and we want to inspire a safe and inclusive environment where our teams can bring the best of themselves to work every day and be motivated to work together to power progress for our nation and society.”

With a presence of more than 130 years in the country, Shell Malaysia has grown tremendously and has played a significant role in developing the local oil and gas industry — making the country’s first oil discovery, developing the first refinery and building the world’s first commercial gas-to-liquids (GTL) plant in Sarawak.

“Just as we have been a partner in Malaysia’s progress through the development of the country’s hydrocarbon resources, Shell will continue to partner the nation in the transition to a net zero energy future,” says Tan.

Shell Malaysia chairman Ivan Tan

Promoting the sustainability agenda

Tan acknowledges that the energy transition poses both a challenge and an opportunity to the company and it is working together with the government, its customers and partners as well as wider society to achieve real and meaningful change in the energy system.

One of the initiatives undertaken by Shell Malaysia is “The Tree, The Sky, The Sun”, where it worked closely with the Malaysian Green Technology and Climate Change Centre to develop a possible carbon-neutral pathway for the country.

According to Tan, various consultations were conducted with government stakeholders and policymakers, industry …….

Source: https://www.theedgemarkets.com/content/advertise/shell-malaysia-forges-partnerships-expedite-energy-transition

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