Keeping our world running while decarbonising energy that powers it
is everybody's challenge. But what's food and this restaurant
got to do with energy? Well, natural gas
is used to make fertiliser, and without fertiliser,
the world would struggle to feed itself. Shell works with pioneering customers to unlock the value in more energy
and less emissions. Yara was founded 120-so years ago. We're based on a breakthrough innovation
of how to get nitrogen out of the air and turn it into a fixed product
that we can use to feed the plants. Today, that innovation feeds
four billion people every year. But at the same time,
it's a production process that results in significant emissions, and we need to deal with that. But let's not forget there are huge business opportunities
connected to this. There is a lot of potential income
as a result of that. In order to produce this product,
we use natural gas, and we produce CO₂ as well. While we have made great progress
in reducing that already, this is not something
that any company can do alone. And that's why it's very helpful
to work with a company like Shell that has decarbonisation
very high on the agenda, and understands the needs that we have. I can mention one important project
that we're working on right now, and that's carbon capture and storage. And that's a project we're doing
together with Northern Lights, is to capture that CO₂, compress it, and then pump it down
below the seabed for permanent storage. And these are the kinds of solutions
the world needs now to address the emissions challenge. So the great thing, when we work
together with a company like Shell, is that we put
our collective minds together to think about solutions. It's that we come up with
new and exciting projects, like a really cool one in Brazil, where we're working on using residue
from sugarcane production to turn that into biogas
that we, in turn, can then use for the production
of ammonia and fertiliser. It's really full circle, where you use the residue
from crop production to produce fertiliser that you then, in turn, feed back
in order to make even more crops. The Paris Agreement
is not a barrier to business. It's an enabler of business opportunities. With the products that we produce,
and how we produce them, we're then going to be able
to tap into new value pockets.
