Shell Backs Climate Technology Start-up for Emissions Reduction: Report
Portfolio Pulse from Lekha Gupta
Shell PLC and ENI S.p.A. have led a funding round for Mantel Capture, a start-up developing a cost-effective carbon capture technology using molten salts. The $30 million funding will help Mantel build a demonstration project. Shell is cautiously optimistic about the technology's potential.
September 05, 2024 | 5:10 pm
News sentiment analysis
Sort by:
Descending
POSITIVE IMPACT
ENI S.p.A. has joined Shell in funding Mantel Capture's carbon capture technology. This move supports ENI's commitment to reducing emissions and exploring innovative solutions.
ENI's participation in the funding round for Mantel Capture reflects its commitment to emissions reduction. This strategic move could positively influence ENI's reputation and future growth in sustainable technologies.
CONFIDENCE 85
IMPORTANCE 60
RELEVANCE 70
POSITIVE IMPACT
VanEck Natural Resources ETF provides exposure to Shell, which is investing in innovative carbon capture technology through Mantel Capture.
The VanEck Natural Resources ETF offers investors exposure to Shell's strategic investment in Mantel Capture, which could enhance the ETF's value through advancements in carbon capture technology.
CONFIDENCE 80
IMPORTANCE 50
RELEVANCE 50
POSITIVE IMPACT
Macquarie ETF Trust Macquarie Energy Transition ETF offers exposure to Shell, which is investing in carbon capture technology through Mantel Capture.
Investors in the Macquarie Energy Transition ETF can gain indirect exposure to Shell's investment in Mantel Capture, potentially benefiting from advancements in carbon capture technology.
CONFIDENCE 80
IMPORTANCE 50
RELEVANCE 50
POSITIVE IMPACT
Shell PLC has invested in Mantel Capture, a start-up focused on carbon capture technology. This investment aligns with Shell's interest in advancing carbon capture solutions, though they remain cautious about full commitment.
Shell's investment in Mantel Capture indicates a strategic interest in carbon capture technology, which could enhance its sustainability profile. The cautious approach suggests a measured impact on Shell's stock price, but the potential for future growth in this area is positive.
CONFIDENCE 90
IMPORTANCE 70
RELEVANCE 80