Shell
Canvas Category OEM : Petroleum and Coal
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Mantel Secures $30 Million to Bring Low Cost, Energy Efficient Carbon Capture to the Heavy Industrial Sector
Mantel Capture, Inc. (Mantel), the technology provider of a carbon capture system using molten borates, announced it has raised $30 million in Series A funding co-led by Shell Ventures and Eni Next. Additional participating investors include Engine Ventures, New Climate Ventures, Hartree, bp Ventures, Arosa Ventures, Vale Ventures, Newlab, MCJ Collective, and others. The funding will be used to implement a demonstration project at an industrial site and help pave the way for full-scale commercial deployment of Mantel’s high-temperature carbon capture systems. The company’s technology has already demonstrated carbon capture at lab scale of half a tonne per day, and the upcoming project will be around 10 times larger, rated to capture 1,800 tonnes of CO2 emissions per year at an industrial site.
Mantel leverages molten borates, the only high-temperature liquid-phase carbon capture material, to capture CO2 at the source of emission. By operating at high temperatures Mantel’s systems recover high-grade heat when capturing CO2 (absorption), offsetting the energy necessary to regenerate the molten borate material (desorption). This enables Mantel to capture CO2 from industrial emissions efficiently, reducing capture costs by more than half compared to conventional amine-based carbon capture technologies, which helps render installing Mantel’s carbon capture technology at heavy industry sites economically feasible. As more carbon capture equipment is installed, it is expected this will prompt more investment in infrastructure, further driving down costs of carbon capture, transport and storage.
Strohm secures €30M to reduce carbon footprint in pipeline infrastructure
Netherlands-based Strohm, a company specialising in developing and manufacturing pipelines for conventional and renewable energy sectors, has secured €30M in equity funding led by SENCO, a hydrogen-focused investment firm in Germany. The round also saw participation from existing shareholders, including Chevron Technology Ventures, Evonik Venture Capital, HydrogenOne Capital, ING Corporate Investments, and Shell Ventures.
The funding aims to accelerate Strohm’s growth trajectory, particularly in hydrogen and carbon capture, utilisation, and storage (CCUS) applications.
MODEC secures FEED for Shell’s Gato do Mato FPSO project in Brazil
MODEC Inc. is pleased to announce that it has been successful in securing the Front-End Engineering and Design (FEED) for a Floating Production, Storage and Offloading (FPSO) system for Shell do Brasil Ltda (“Shell”) on the Gato do Mato development, offshore Brazil.
Gato do Mato FPSO will be moored at a water depth of approximately 2,000m, some 250km off the coast of Brazil. MODEC will be responsible for the design of the hull and all related topsides facilities for the FPSO, which is projected to be moored by a SOFEC Spread Mooring system. The produced stabilized crude will be stored in the FPSO tanks and the oil will be offloaded to shuttle tankers to go to market.
Shell and Verdagy to Collaborate on Renewable Hydrogen Projects
Verdagy, a renewable hydrogen electrolysis company with over a decade of technology and product development experience, announced today that Shell provided technical endorsement of Verdagy’s eDynamic® electrolyzers. This major step qualifies Verdagy as a supplier in its upcoming green hydrogen projects. Verdagy worked with the Shell team to successfully complete a rigorous “HAZOP” (safety) review along with a detailed Design and Technology Development Review of Verdagy’s electrolyzers, as necessary and important steps to commercial adoption within Shell.
Ionomr Innovations closes USD$20M Series A-4 Financing with broad industry participation
Ionomr Innovations Inc., developer and manufacturer of breakthrough, foundational polymer and membrane technologies for next-generation hydrogen applications, has closed a US$20 million Series A-4 funding round with returning lead investors NGIF Cleantech Ventures and Pallasite Ventures supported by Shell Ventures, Chevron Technology Ventures and Finindus, and joined by N.V. Bekaert, Asahi Kasei, Samsung Ventures and SAIC Capital.
The funding will allow Ionomr to further scale its ion-exchange membranes and polymers, Aemion® and Pemion®, that are fundamental to accelerating the hydrogen economy – from production of H2 gas and chemicals through electrolysis to efficient use of hydrogen in fuel cells. Ionomr’s superior materials can make more efficient, cost-competitive solutions possible, including eliminating expensive precious metal requirements from hydrogen production, CO2 electrolysis and supporting higher-temperature fuel cell solutions.
C3 AI and Shell Expand Collaboration for Asset Monitoring and Predictive Maintenance
C3 AI (NYSE:AI), the Enterprise AI application software company, announced that the C3 AI Reliability application will now include predictive maintenance software developed by Shell. Shell’s predictive maintenance technology will continue to run on C3 AI Reliability as the two companies are close collaborators.
While working with C3 AI, Shell has developed advanced models and application functionalities that anticipate maintenance needs for control valves and critical equipment, while tackling global enterprise data, automation, and usability challenges. Now, C3 AI will integrate this predictive maintenance technology into the C3 AI Reliability application, making it available to other customers and further advance C3 AI Reliability as the industry standard for predictive maintenance.
To realize the most value from AI, C3 AI and Shell are pursuing a roadmap starting with reliability and asset monitoring solutions, focusing on safety, asset integrity, process and production optimization, and sustainability solutions. This collaboration marks a continued commitment of the C3 AI program across Shell.
🛣️ America’s Bridges, Factories and Highways Are in Dire Need of Repairs. Bring in the Robots.
These days, Shell is able to keep the plant running, and keep repair personnel on the ground and at a safe distance as they operate wall-climbing robots that inspect things like steel holding tanks at millimeter resolution, says Steven Treviño, a robotics engineer at Shell. Using a variety of sensors, the robots can look for both corrosion and cracking. This helps the team shorten the list of things they have to take care of when a full shutdown occurs. The magnetic wall climbers Shell is using are made by a Pittsburgh-based startup called, appropriately, Gecko Robotics. After testing the Gecko robots at Geismar, Shell plans to expand their use to offshore facilities.
“There are hundreds of types of corrosion,” says Jake Loosararian, CEO of Gecko Robotics, “and we’ve been developing technology and software to analyze what kind of damage is happening.” Gecko began as a robotics company, but has since expanded into creating software to process the data its robots gather. The startup makes systems that are now used to track more than 60,000 assets across the globe, including power plants, pipelines, oil refineries, dams, U.S. Navy vessels and other military equipment.
When it comes to inspections, “often the data you need is literally in plain sight, it’s just hard to collect it,” says Bry, of Skydio.
Germany's Kraftblock raises €20M Series B for sustainable thermal storage technology
German climate tech firm Kraftbock has raised a Series B funding round of €20 million in a round which includes Shell Ventures, Finindus, Moore Strategic Ventures, A&G Energy Transition Tech Fund, TechEnergy Ventures and Future Industry Ventures.
Kraftblock, founded in 2014 by chemist Dr. Martin Schichtel and economist Dr. Susanne König provides sustainable thermal storage technology to many industries - enabling the decarbonisation of processes in the energy sector and ‘any industries from food to chemicals, paper, ceramic and steel’.
This latest bout of funding will fuel the company’s ‘visibility around the globe’. “We specifically chose investors who have their roots in industries such as food, steel and energy and who will help us to consolidate our leading market position,” says CEO Schichtel.
Verdagy secures Series B funding led by Temasek and Shell Ventures
Verdagy, a pioneer in scaling electrolyzer technologies for industrial markets, today announced the closing of a $73-million Series B funding round. Temasek and Shell Ventures co-led the Series B round, with participation from new global investors Bidra Innovation Ventures, BlueScope, Galp, Samsung Venture Investment, Toppan Ventures, Tupras Ventures, Yara Growth Ventures and Zeon Ventures.
The new funding will enable Verdagy to accelerate the launch and commercialization of its eDynamic® 20 megawatt (MW) electrolyzer module, which will serve as a fundamental unit to future systems at the 200MW scale and beyond. Following initial commercial unit deployments with existing partners, Verdagy will expand deployment of its novel eDynamic electrolyzer technology to additional customers in heavy industries such as oil and gas, ammonia, steel and e-fuels to support global industrial decarbonization.
Norway’s Kongsberg Digital raises €84.1M to digitalise sustainable operations across industries
Kongsberg Digital, an industrial software company that claims to shape the future of work by changing how businesses design, operate and maintain their assets, announced on Thursday, June 1, that it has raised $90M (nearly €84.17M) in a fresh round of funding. The investment came from Shell Ventures and Idékapital. The new ownership structure will help Kongsberg Digital achieve its goal of enabling smarter, safer, and greener operations across industries and on a larger scale.
🧠 SparkCognition and Shell Announce a Technology Collaboration Aimed at Accelerating the Pace of Exploration Through the Use of Generative AI
SparkCognition, a global leader in artificial intelligence (AI) software solutions perfected for business, today announced a technology collaboration with Shell to accelerate the pace of imaging and exploration of subsurface structures using generative AI technology. By using advanced AI algorithms to process large amounts of data and automate the analysis, we aim to improve the efficiency and speed of exploration workflows, leading to potentially increased production and higher success rates.
Databricks Announces Lakehouse for Manufacturing, Empowering the World's Leading Manufacturers to Realize the Full Value of Their Data
Databricks, the lakehouse company, today announced the Databricks Lakehouse for Manufacturing, the first open, enterprise-scale lakehouse platform tailored to manufacturers that unifies data and AI and delivers record-breaking performance for any analytics use case. The sheer volume of tools, systems and architectures required to run a modern manufacturing environment makes secure data sharing and collaboration a challenge at scale, with over 70 percent of data projects stalling at the proof of concept (PoC) stage. Available today, Databricks’ Lakehouse for Manufacturing breaks down these silos and is uniquely designed for manufacturers to access all of their data and make decisions in real-time. Databricks’ Lakehouse for Manufacturing has been adopted by industry-leading organizations like DuPont, Honeywell, Rolls-Royce, Shell and Tata Steel.
The Lakehouse for Manufacturing includes access to packaged use case accelerators that are designed to jumpstart the analytics process and offer a blueprint to help organizations tackle critical, high-value industry challenges.
Dutch thermoplastic composite pipe producer Strohm bags €15M
Netherlands-based Strohm, a hydrogen pipeline company, announced on Thursday, December 15, that it has raised €15M in a fresh round of funding. According to a statement from the Dutch company, this is the largest funding round in the company’s 15-year history. Strohm’s €15M investment includes a €10M commitment from ING Corporate Investments (a 100 per cent subsidiary of ING Bank), as well as a further €5M co-investment from existing investors Shell Ventures, Chevron Technology Ventures, Evonik Venture Capital and HydrogenOne Capital Growth Plc (HydrogenOne).
Strohm says it will use the funds in accelerating the growth of its manufacturing operations and increasing capacity to deliver its TCP solutions to offshore green hydrogen and carbon capture and utilisation and storage (CCUS) markets. Besides, the money will also help the company’s clients in achieving their net-zero goals.
Shell International deploys GE Additive Concept Laser M Line to additively manufacture oxygen hydrogen micromixer
GE Additive has unveiled a 3D printed oxygen hydrogen micromixer in collaboration with Shell International B.V. The joint design and engineering project was undertaken at Shell’s Energy Transition Campus Amsterdam (ECTA), with GE Additive’s Concept Laser M Line system utilised to additively manufacture the micromixer component.
CEOs Are Dooming Business Travel — Maybe for Good
Take Akzo Nobel NV, Europe’s biggest paint maker, for instance. At its Amsterdam headquarters, Chief Executive Officer Thierry Vanlancker has spent the past year watching his manufacturing head, David Prinselaar, flap his arms, madly gesticulate and seemingly talk to himself while “visiting” 124 plants by directing staff with high-definition augmented-reality headgear on factory floors. A task that meant crisscrossing the globe in a plane before is now done in a fraction of the time — and with no jet lag. For Vanlancker, there’s no going back.
Royal Dutch Shell Plc has created online control rooms with interactive 3D simulations of oil platforms and plants, giving engineers virtual access from home. In Troy, Michigan, Kevin Clark, the CEO of Aptiv Plc, a former car parts unit of General Motors Co., is using drones and Oculus augmented-reality headsets to show customers the performance and manufacturing run rates of plants in Mexico, Hungary, or China.
IIoT builds new bridges to new adventures
Engenuity Inc. in Conroe, Tex., provides control automation and data integration for oil and gas and other industries, and recently found deficiencies in validation pressure testing of blowout preventers (BOP) and well-control devices. Because pressure tests are needed every few weeks for regulatory compliance, executed and recorded manually over several hours, and can cost up to $6 per second to run in offshore valve arrays, testing can cost millions of dollars per year. To reduce these expenses, Engenuity collaborated with clients like Shell International Exploration and Production Co., and developed automated, hydrostatic, test execution and reporting solutions, which use Opto 22’s groov Edge Programmable Industrial Controller (EPIC) for process control, automatic notification, and process history storage and replication.