Shell Canada Announces Final Investment Decision For Two Carbon Capture Projects In Canada

RTTNews | 832 hari yang lalu
Shell Canada Announces Final Investment Decision For Two Carbon Capture Projects In Canada

(RTTNews) - Shell Canada Products, a subsidiary of Shell plc (SHEL), announced Wednesday the Final Investment Decision (FID) for Polaris, a carbon capture project at the Shell Energy and Chemicals Park, Scotford in Alberta, Canada.

Polaris is designed to capture approximately 650,000 tonnes of CO2 annually from the Shell-owned Scotford refinery and chemicals complex.

Shell also announced FID to proceed with the Atlas Carbon Storage Hub in partnership with ATCO EnPower. The first phase of Atlas will provide permanent underground storage for CO2 captured by the Polaris project.

Both projects are expected to begin operations toward the end of 2028. Carbon capture and storage is a key technology to achieve the Paris Agreement climate goals.

Polaris and Atlas will build on the success of the Quest carbon capture and storage (CCS) facility at Scotford, which has safely captured and stored more than nine million tonnes of CO2 since 2015 that would otherwise have been released into the atmosphere.

baca selengkapnya
Shell Q1 Profit Climbs, Production Down; Begins $3 Bln Buyback; Stock Down

Shell Q1 Profit Climbs, Production Down; Begins $3 Bln Buyback; Stock Down

Oil and gas major Shell Plc reported Thursday higher profit and adjusted EBITDA in its first quarter, while revenues and other income edged down amid weak production. Separately, Shell announced the commencement of a $3.0 billion share buyback programme. In London, the shares were losing around 2.8 percent. In pre-market activity on the NYSE, Shell shares were down 1.7 percent
RTTNews | 152 hari yang lalu
Australia Building Approval Data Due On Wednesday

Australia Building Approval Data Due On Wednesday

Australia will on Wednesday release August figures for building approvals, highlighting a modest day for Asia-Pacific economic activity. Approvals are expected to sink 6.1 percent on month and climb 10.3 percent on year after falling 3.6 percent on month and rising 9.0 percent on year in July.
RTTNews | 2 menit yang lalu
Swiss Market Ends On Firm Note

Swiss Market Ends On Firm Note

The Switzerland market closed on a firm note on Tuesday, tracking global markets, as oil prices fell and bond yields dropped.
RTTNews | 4 jam 2 menit yang lalu
U.S. Trade Deficit Widens To Seventeen-Month High In August

U.S. Trade Deficit Widens To Seventeen-Month High In August

A report released by the Commerce Department on Tuesday showed the U.S. trade deficit widened by more than expected in the month of August. The Commerce Department said the trade deficit increased to $105.6 billion in August from a revised $92.8 billion in July.
RTTNews | 8 jam 9 menit yang lalu
German Factory Orders Plunge

German Factory Orders Plunge

Germany's factory orders declined sharply in August largely due to the fall in demand for aircraft, ships, trains and military vehicles, official data revealed Tuesday. Factory orders plunged 10.6 percent from the previous month, in contrast to the 3.2 percent rise in July, Destatis reported. Orders were forecast to decrease moderately by 0.9 percent.
RTTNews | 8 jam 33 menit yang lalu