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Media Release

Global CCS Institute to increase focus on a vital technology

16/04/2009

The official launch today of the Global Carbon Capture and Storage Institute (GCCSI) by Prime Minister Kevin Rudd is an important step in an increased international effort to fast track the commercialisation of a technology critical to addressing climate change.

Shell International Petroleum Company Limited was the first company to sign a Memorandum of Understanding with the Australian Government to support the Institute. Under this MoU, Shell has provided expertise in establishing the framework of the Institute, and will actively participate in its programs and services.

Shell’s Chairman in Australia, Russell Caplan, said: “Shell believes CCS will be an essential technology to lower greenhouse gas emissions as the world’s economy transitions to lower carbon energy sources.

“We need safe and cost effective ways to capture and store CO2 from coal, oil and natural gas. Currently CCS is too expensive to deploy on most energy projects, so government leadership and support is vital to make this technology more economically viable and widely utilised.”

Mr Caplan added that the support from the Australian Government to establish the Institute was to be commended.

The Intergovernmental Panel on Climate Change has identified CCS as the most promising technology for the rapid reduction of global emissions, with reductions of up to 55% possible by 2100.

Shell is focussed globally on CCS technology as part of its push to ensure a responsible energy future. It is involved in the development of large-scale CCS demonstration projects, joint industry initiatives and partnerships with academic institutions.

For media inquiries, please contact:
Claire Wilkinson, Claire.Wilkinson@shell.com, +61 (0)416 924822

Notes to Editors:

Shell’s participation in the Global Carbon Capture and Storage Institute is the latest in a string of initiatives in which Shell is involved to progress CCS technology. 

Some of the current projects include:

Shell is a global, integrated energy company with operations in more than 110 countries and territories, with businesses including: oil and gas exploration; production and marketing of liquefied natural gas and gas to liquids; marketing and shipping of oil products and chemicals; and renewable energy projects including wind, solar and biofuels.

Shell is committed to a responsible energy future and the needs of its customers for cleaner, affordable, and convenient supplies of energy.

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