“Executives at its annual strategy presentation said Shell, already the world’s largest buyer and blender of crop-based biofuels, would also invest an unspecified amount in developing a new generation of biofuels which do not use food-based crops and are less harmful to the environment.
The company said it would concentrate on developing other cleaner ways of using fossil fuels, such as carbon capture and sequestration (CCS) technology. It hoped to use CCS to reduce emissions from Shell’s controversial and energy-intensive oil sands projects in northern Canada.”
The headline is misleading. It sounds like they are going to continue some biofuels work but the main focus will be on cleaner use of fossil fuels. And for what its worth, biofuels is NOT a very cost effective option when oil is less than a $150/barrel. Nor can it be scaled up adequately to meet more than a small % of our liquid fuel demands.
“...a new generation of biofuels which do not use food-based crops and are less harmful to the environment.”
Shell Green is people!
Just wait...