MAN Energy Solutions and Shell have agreed to a memorandum of understanding to explore the potential of combining their individual competencies and technologies to achieve their climate goals and support their customers in their decarbonization efforts. Together, the companies will work on optimizing carbon capture, utilization, and storage (CCUS) plants with the aim of reducing CO2 capturing costs.
This will be achieved through the modularization and standardization of CCUS compressor solutions, which in turn will decrease costs and speed up project implementation timelines.
“As we navigate the transition to a net-zero future, strong partnerships become crucial in driving meaningful change,” said Uwe Lauber, CEO of MAN Energy Solutions. “We are very excited to embark on this partnership with Shell. Together, we will leverage our collective strengths and expertise to accelerate the development and deployment of sustainable energy solutions. Catering to sectors that are essential to the world economy, we aim to provide future-ready technologies to bring down emissions that are considered hard to abate.”
“As we further operationalize our strategy, we see additional opportunities to decarbonize our assets and help our customers to lower their emissions, such as those in industry and transport. With hydrogen, biofuels and CCUS we are seeding growth for the energy businesses of the future,” said Allen Pertuit, vice president of downstream projects at Shell. “Collaboration with partners, like MAN Energy Solutions, is important in the design and delivery of new business models that should address the needs of complex, energy-intensive and hard-to-abate sectors.”
