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| Shell Looks to Expand into Renewable Energy |
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"Sustainable development" has become a familiar catchphrase in It is heard in many high-profile forums, roundtable meetings and summits, mostly in relation to energy. To some, it is simply a cliche uttered by government officials who want to look good and get noticed by the central leadership. But to Lim Haw Kuang the phrase really means something. "It's a balance between the economy, society and the environment, making them come in line with the ultimate objectives of both our company and of the country," said Lim, a Malaysian of Chinese origin who is now head of the The Chinese Government has set itself a challenging target to reduce the amount of energy it uses per unit of GDP by as much as 20 percent within the next five years. A new law on renewable energy was put into effect at the beginning of this year, with the aim of pushing the use of alternative energy sources, such as wind and solar power. With huge market potential in "Sustainable development is Shell's core value and business principle," Lim said. The Anglo-Dutch firm is now working with a "big" Chinese company to develop wind farms in the country to generate electricity, Shell China executive chairman disclosed. "We are in detailed talks about the first wind power plant in If successful, the project will mark Shell's first thrust into Lim declined to reveal details concerning the project, such as total investment and installed capacity, but said this was only the start of the firm's wind power development plans in Shell has selected two to three places in "I remain very confident about developing wind power projects in Wind is considered by industry experts and government officials to be the most feasible energy alternative source in the near future. Compared with other options, such as solar and biomass, wind power is less expensive and easier to set up. The Chinese Government aims to build wind power facilities with a capacity of 30,000 MW (megawatts) by 2020 from the current 1,000 MW. Besides wind, the global energy firm is also turning to solar and hydrogen, which is seen by insiders as the next-generation fuel. Last year, Shell's solar division won two contracts, totalling US$14.3 million, to supply solar panels to more than 100 villages in Northwest China's The two projects are being funded by the German State-owned development bank and It follows the company's participation in a US$25-million joint Chinese-Dutch development project to provide solar power to some 78,000 households in Xinjiang. In an even more far-sighted move, Shell has signed an accord to partner one of Expected to be completed by the end of this year, the hydrogen station is part of the country's national program to develop electric vehicles. "It is an experimental and pilot project in On the new technology front, Shell has also been an active player in exploring new solutions to enhance energy efficiency. The company has initiated a worldwide energy management program to help refineries and petrochemical complexes cut energy costs and reduce their carbon dioxide emissions. "Our experience in Europe, Asia-Pacific and Currently, Shell is working to introduce the new initiative to Up to now, the Dutch firm has clinched 15 deals to supply coal gasification technology to Shell's coal gasification process has so far been used to produce synthesis gas for the manufacture of fertilisers, hydrogen and methanol. Through another partnership with State-owned Shenhua Ningxia Coal Ltd, Shell is working with the coal mining company to use Shell's indirect coal-to-liquids technology to turn coal into clean oil products, such as gasoline and diesel, in "We see tremendous opportunities in (
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