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MarketScreener Homepage  >  Equities  >  Euronext Amsterdam  >  Royal Dutch Shell    RDSA   GB00B03MLX29

ROYAL DUTCH SHELL

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Royal Dutch Shell : Shell powers chemical operations with Dutch solar park

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03/16/2019 | 03:53am EDT

Oil and gas giant Shell has taken a step towards greening its chemical operations and boosted the Netherlands installed PV capacity by opening a 27 MW solar project.

The Anglo-Dutch fossil fuel company today officially opened the project at its 500 ha Shell Moerdijk Chemical Plant in Moerdijk, near Breda in the south of the country.

The solar scheme, which includes 76,000 panels, will generate power for chemical operations at the site which produces plastics for a range of industries as well as raw gasoline and LPG by-products.

In a statement released to publicize the solar project, Marjan van Loon, president-director of Shell Nederland, said: Developing this solar power plant in Moerdijk fits within Shells ambition to play an active role in the Dutch energy transition. We are eager to limit emissions through energy efficiency improvements of our processes and investments in new energy activities. To accelerate [the] energy transition, it is important that we align our activities to the ideas and initiatives in society. We know dialogue and collaboration is the key to success.

Robin Mooldijk, executive VP for manufacturing at Shell, said: At all Shells oil refineries and chemicals plants we are working to improve utilization, energy efficiency and carbon intensity. Alongside process improvements and equipment upgrades, we also need vision and imagination. This solar park, now operational and helping to power our Moerdijk chemicals plant, is part of that.

(c) 2019 ITP Business Publishing Ltd. All Rights Reserved. Provided by SyndiGate Media Inc. (Syndigate.info)., source Middle East & North African Newspapers

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Financials ($)
Sales 2019 367 B
EBIT 2019 35 786 M
Net income 2019 21 833 M
Debt 2019 61 225 M
Yield 2019 5,78%
P/E ratio 2019 11,51
P/E ratio 2020 10,15
EV / Sales 2019 0,86x
EV / Sales 2020 0,86x
Capitalization 256 B
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Mean consensus OUTPERFORM
Number of Analysts 19
Average target price 37,0 $
Spread / Average Target 17%
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Managers
NameTitle
Bernardus Cornelis Adriana Margriet van Beurden Chief Executive Officer & Executive Director
Charles Otis Holliday Chairman
Jessica Rodgers Uhl Chief Financial Officer & Director
Harry Brekelmans Director-Technology & Projects
Gerard Johannes Kleisterlee Deputy Chairman
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