Shell, a The Hague, the Netherlands-based global group of energy and petrochemical companies, will invest several hundred million dollars in emerging technology companies.
Shell Technology Ventures, its corporate venture arm, plans to make investments over the next six to eight years to accelerate the deployment of innovations that add value to the company’s operations.
Shell also intends to invest in technology spin-outs and externally-managed venture capital funds.
Areas of interest include gas production and conversion, geophysical imaging, chemical manufacturing and conversion, novel materials, enhanced oil recovery, and water treatment, as well as Big Data; oil and gas wells drilling and completion, sub-surface sensing, production in challenging environments, operational efficiency, and future energy technologies.
Companies can submit their proposals at http://www.shell.com/techventures.