Energy MNC vows more investment in NEVs, CCUS for bigger market presence Eyeing the rapidly growing momentum and potential of China"s renewable energy sector, Shell Plc vows to further expand its presence in the country through investments in hydrogen, electric vehicle charging as well as carbon capture, utilization and storage (CCUS) to get a larger piece of the energy pie. Shell is anticipating more growth, investment and local partnership opportunities in China where it has had a presence for 128 years, a top company official said. China is massively important for Shell as the country goes full throttle on its

Eyeing huge potential in the carbon-storage sector in China, global energy giant Royal Dutch Shell vowed to further expand its presence in the country to tap the potential of carbon capture and storage sector in the country with local partners. The company signed a memorandum of understanding with State-owned oil and gas giant China National Offshore Oil Corp, the Guangdong Provincial Development and Reform Commission and ExxonMobil on Tuesday to explore the feasibility of developing a carbon capture and storage (CCS) hub in the Daya Bay National Economic and Technological Development Zone in Huizhou, Guangdong province. The project, which will

Shell Plc announced strategic cooperation with BYD on Thursday to help accelerate China's energy transition and improve charging experience of BYD customers who use battery-powered electric vehicles and plug-in hybrids in the fast-expanding new energy vehicle sector. The partnership will start in China and Europe before extending to other regions, Shell said. Market observers said the Shell-BYD tie-up confirms China's status as a leading center of EV production and sales, which is attracting more international players to its rapidly growing EV charging sector. Shell and BYD said they intend to form a joint venture to develop EV charging networks in