Shell Calls For Greater Collaboration To Harness Innovation
Sep 25, 2013
The second of the two-day Shell Innovation Summit in Kuala Lumpur, Malaysia focused on the importance of partnerships to find innovative solutions to meet future energy needs.
Today’s energy landscape poses great challenges to meeting growing energy demand, alongside managing increasing stresses on the interconnected energy, food and water system. This is because nearly all forms of energy production require water, energy is needed to move and treat water, and producing food requires both energy and water. All in all, experts anticipate that, already by 2030, the world could need 40 – 50% more energy, water and food. These challenges are intensified in Asia, which today consumes one-third of the world’s energy, which is expected to increase to more than half by 2035.
“These intertwined challenges are too big and complex for one country – let alone one company – to overcome,” said Matthias Bichsel, Projects and Technology Director at Royal Dutch Shell, speaking at the event. “Innovation and partnerships will become even more essential to meet these challenges.”
He encouraged all players, from society and industry“to play to their strengths” in meeting the three essential requirements of today’s energy system: unlocking new forms of energy and making the most of existing forms of energy, while protecting people and the environment at all times.
In Malaysia, Shell’s partnerships have enabled world-class innovation. Shell partners with PETRONAS for its first deep water project in Malaysia, the Gumust-Kakap project, which features the first deep water semi-submersible production system to be manufactured here. Another deep water first for Malaysia is featured in the Malikai project. A joint venture with PETRONAS, this development will incorporate the first tension-leg platform to be fabricated and installed in Malaysia.
Open innovation is a core part of Shell’s approach to delivering novel solutions faster and more cost efficiently than in-house traditional innovation alone can do.“We have adopted an 'open innovation' strategy – where we actively seek to work with companies, organisations and universities that can complement our own strengths; with people who are interested in sharing their ideas and capabilities with us, and in listening to and learning from ours. That's what this Innovation Summit is all about: sowing the seeds of more innovation.” Bichsel concluded.
For more info on Shell’s innovations: download the INSIDE ENERGY app for iPad or visit www.shell.com/innovation
Head, Asia-Pacific Media Relations
Shell Spokesperson, Asia-Pacific
Shell Spokesperson, Asia-Pacific
Notes to Editors:
- Shell invests time and resources to stay at the leading edge of relevant technologies. In fact, Shell invests more than any of its peers in R&D and technology – over a billion dollars a year since 2007. In 2012, R&D expenses were $1,3 billion. Over the last five years we have spent $2.2 billion on developing alternative energies, CCS and CO2-related R&D.
- Download the speech of Matthias Bichsel, Projects and Technology Director, Royal Dutch Shell plc
- Download the hi-res event photos
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