Shell has appointed a new Vice President for Low-Carbon Solutions
Shell has appointed Felix Farber as Executive Vice President for Low-Carbon Solutions amid a reduction in green assets. He will be responsible for developing the company’s hydrogen, biofuel, and carbon capture initiatives.
Vigor
Shell Low Carbon Solutions has announced the appointment of Felix Farber as Executive Vice President. Previously, Farber led Shell's lubricants business in the Europe, Middle East, and Africa (EMEA) region. He will now oversee the company's low-carbon solutions division, which has recently been downsizing.
Farber succeeds Anna Mascolo, who has moved to the Danish company Vestas, a manufacturer specializing in wind turbines.
In recent years, under the leadership of CEO Wael Sawan, Shell has significantly scaled back its activities in renewable energy, selling a substantial portion of its green energy assets and focusing more on its core oil and gas operations. On August 4, the company announced the sale to TotalEnergies of 500 megawatts of operating wind and solar power assets, as well as a project portfolio totaling 3.5 gigawatts, including energy storage systems in Italy, the UK, and Spain.
In his new role, Farber will be responsible for developing and creating value in Shell’s low-carbon portfolio, including areas such as carbon capture and storage, hydrogen, biogas, and biofuels.
In his previous position, Farber was involved in the implementation of the REFHYNE2 project, which involves building a 100-megawatt electrolyzer for renewable hydrogen production at the Shell Rheinland energy and chemical complex in Germany. Construction is ongoing, and upon completion in 2027, Shell reports the facility will be able to produce up to 44,000 kilograms of renewable hydrogen per day.
The company notes that the continuation of the REFHYNE2 project demonstrates its ongoing interest in low-carbon initiatives that meet Shell’s investment criteria, despite a shift in strategic direction. Shell emphasizes that the profitability of renewable hydrogen projects must align with increased focus on capital discipline and returns.
To advance the global energy transition, supportive government policies, technological innovation, and investment from companies across all sectors of the economy are essential.
