Shell Singapore wants to transform its business in the country to thrive through the energy transition. To this end, it has outlined a 10-year plan for how the company could make significant investments in people, assets and capabilities to repurpose its core business and aim to cut its own CO2 emissions here by about a third within a decade. This builds on Shell’s overarching ambition to be a net-zero emissions energy business by 2050 or sooner, in step with society and with customers. This is equivalent to planting about four million trees, or an addition of about 60% of all the urban trees in Singapore.
“We welcome Singapore’s goal towards net zero emissions as a country. As a company which has had a long presence in this country, Shell Singapore has a key role to play in supporting the Government’s ambitions. Today, our extensive presence in Singapore’s energy sector carries with it a carbon footprint. Our businesses in Singapore must evolve and transform, and we must act now if we are to achieve our ambition to thrive through the energy transition. Our decisive action today will help Shell in Singapore stay resilient and build a cleaner, more sustainable future for all of us,” said Aw Kah Peng, Chairman of Shell Companies in Singapore.
We will accelerate this transition through three pillars:
- Repurpose our core by building on our strengths of an integrated business here and focus our manufacturing assets to provide more energy transition resilient products;
- Provide low-carbon solutions for customers in the sectors which are also important pillars of Singapore’s economy – power, mobility, shipping, aviation, trading; and
- Partner with key stakeholders to bring about sustainable change.
The changes that will have to take place in our businesses will have a corresponding effect on our staff numbers. As Bukom transforms and becomes smaller and smarter, the resizing of operations will result in fewer jobs but more highly skilled jobs as digitalisation and automation progress. This will be a multi-year journey.
We are evolving our business to drive decarbonisation and partnering with key stakeholders on broader energy transition initiatives:
- We are looking to expand our solar footprint, including looking into utility-scale solar generation. This builds on the more than 3MWp we have already built at our Pandan distribution terminal, Seletar aviation site and Tuas Lubricants Plant.
- By 2030, we aim to have an extensive network of electric vehicle charging options for our customers, all within a short drive, from their home, workplace or when they are on the go. We believe there are opportunities to redefine mobility in Singapore, to be cleaner and smarter.
- In Shipping, our LNG bunkering joint venture, FueLNG, will scale up with the arrival of Singapore’s first bunkering vessel in late 2020, contributing to Singapore’s ambition to decarbonise shipping.
- Given our extensive global experience trading environmental products, we are engaging our customers in Singapore to provide carbon neutral solutions to meet their climate objectives.
- We are working with the National Environment Agency on a joint feasibility study for the set-up of waste segregation facilities and plastic pyrolysis plants to recycle Singapore’s plastic waste.