Shell becomes a member of Carbon Trust programme
Royal Dutch Shell, through its Shell Global Solutions International BV, has joined the Carbon Trust Programme.
The programme, dubbed the Offshore Wind Accelerator Scheme, aims to see businesses commit to wind technology research and development.
The oil and gas giant’s technical services arm made the announcement on 21 June.
“The Carbon Trust’s OWA is a good example of the collaboration required between public and private sectors,” stated Dorine Bosman, Vice President of Wind Development at Shell.
“The research and development programme will be key to delivering technical, commercial and financial innovations for large scale and sustainable offshore wind opportunities in the future.”
Shell has joined the programme that features firms such as E.ON and Ørsted, as well as the Government of Scotland.
The scheme aims for firms to invest more financing into wind projects for industry best practice and to trigger new standard development.
Ultimately, with the rise of investments and developments, the costs of developing offshore wind are anticipated to drop.
Drax advances biomass strategy with Pinnacle acquisition
The Group’s enlarged supply chain will have access to 4.9 million tonnes of operational capacity from 2022. Of this total, 2.9 million tonnes are available for Drax’s self-supply requirements in 2022, which will rise to 3.4 million tonnes in 2027.
The £424 million acquisition of the Canadian biomass pellet producer supports Drax' ambition to be carbon negative by 2030, using bioenergy with carbon capture and storage (BECCS) and will make a "significant contribution" in the UK cutting emissions by 78% by 2035 (click here).
This summer Drax will undertake maintenance on its CfD(2) biomass unit, including a high-pressure turbine upgrade to reduce maintenance costs and improve thermal efficiency, contributing to lower generation costs for Drax Power Station.
In March, Drax secured Capacity Market agreements for its hydro and pumped storage assets worth around £10 million for delivery October 2024-September 2025.
The limitations on BECCS are not technology but supply, with every gigatonne of CO2 stored per year requiring approximately 30-40 million hectares of BECCS feedstock, according to the Global CCS Institute. Nonetheless, BECCS should be seen as an essential complement to the required, wide-scale deployment of CCS to meet climate change targets, it concludes.