KUCHING, Nov 1: Shell Eastern Petroleum Pte Ltd, a wholly-owned subsidiary of Shell plc (Shell), today announced it has acquired EcoOils Limited (EcoOils), a waste oil recycling firm.
According to a press release, the acquisition is part of Shell’s ambition to increase production of sustainable low carbon fuels for transport, including sustainable aviation fuel.
EcoOils uses recycling technology to reduce waste going into landfill and produce spent bleaching earth oil, an internationally recognised biofuels feedstock that can be used to produce sustainable low carbon fuels.
“To continue supplying customers with the energy products they need into the future, Shell is investing in and producing sustainable low carbon fuels for transport.
“This acquisition provides secure access to a recognised, advanced feedstock which can be used at Shell’s biofuels facilities to meet that aim,” Shell Senior Vice President for Low Carbon Fuels Sinead Lynch said.
He went on to say that the acquisition highlights Shell’s ongoing transformation as it strives to provide more low-carbon energy solutions to customers as part of its decarbonisation journey.
Low carbon fuels will help to meet growing demand for decarbonisation solutions from customers in the transport sector, including hard-to-decarbonise sectors such as aviation.
Sustainable aviation fuel currently accounts for around 0.1% of global aviation fuel.
Shell aims to have at least 10 per cent of its global aviation fuel sales as sustainable aviation fuel by 2030. — DayakDaily
