Shell (SHEL) Launches Renewable Diesel at 75 LA Stations
Shell SHEL has started offering Shell Renewable Diesel (RD) at 75 Los Angeles (LA) Shell stations, making it easier for drivers in the city to reduce their carbon footprint.
RD is a low-carbon, drop-in fuel that can reduce greenhouse gas emissions by up to 65% compared to conventional diesel. It can be used in any diesel engine without any modification.
According to Shell, RD is a cleaner-burning fuel with "significantly higher" cetane, which gives it "a more complete combustion in diesel engines." While conventional diesel has a cetane rating of 53, RD has a cetane rating of at least 70.
The company said that it sells two blends of Shell RD — R95B5 and R99.9. R95B5 is 95% RD and 5% biodiesel, while R99.9 is 99.9% RD. Both blends result in a 99.9% renewable fuel product. Shell's website offers a link to a list of stations offering Shell RD.
Benefits of Using RD
There are several benefits to using this diesel, including reduced greenhouse gas emissions, improved air quality, reduced reliance on foreign oil, and support for local jobs and economies.
Why Choose Shell RD?
Shell is committed to helping its customers reduce their carbon footprint. The company believes that this diesel is a key part of the solution to climate change. It is also offering RD to meet the rising customer demand for low-carbon fuels. Many businesses and government agencies are now setting mandates for the use of renewable fuels.
Shell's move to offer RD in LA is a significant step toward reducing the city's carbon footprint. LA has set ambitious goals to reduce its greenhouse gas emissions by 45% below the 1990 level within 2025 and by 80% below the 1990 level within 2050.
This renewable fuel can play a major role in helping the city achieve its climate goals. It is also a boon for businesses and residents looking for ways to reduce their environmental impact.
Zacks Rank and Key Picks
Currently, SHEL carries a Zacks Rank #3 (Hold).
Some better-ranked stocks for investors interested in the energy sector are CVR Energy CVI and USA Compression Partners USAC, both currently sporting a Zacks Rank #1 (Strong Buy), and Harbour Energy HBRIY, carrying a Zacks Rank #2 (Buy) at present. You can see the complete list of today’s Zacks #1 Rank stocks here.
CVR Energy is valued at $3.36 billion. In the past year, its shares have risen 7.2%.
CVI currently pays a dividend of $2 per share or 5.99% on an annual basis. Its payout ratio currently sits at 30% of earnings.
USA Compression Partners is valued at around $2.30 billion. USAC currently pays a dividend of $2.10 per unit, or 8.96% on an annual basis.
USAC provides natural gas compression services. It offers compression services to oil companies and independent producers, processors, gatherers, and transporters of natural gas and crude oil, as well as operates stations.
Harbour Energy is worth approximately $2.36 billion. HBRIY currently pays a dividend of 21 cents per share, or 6.70% on an annual basis.
The company's activities include acquiring, exploring, developing, and producing oil and gas reserves. It has ownership stakes in several properties in the United Kingdom, Norway, Indonesia, Vietnam and Mexico.
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CVR Energy Inc. (CVI) : Free Stock Analysis Report
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Shell PLC Unsponsored ADR (SHEL) : Free Stock Analysis Report
