 Hello everybody and welcome to our workshop on electrification and decarbonisation solutions for industry. We have a very exciting workshop ahead and we look forward to spending the next three days with you as we discuss this topic. My name is Richard Sassoon. I'm the Executive Director of the Strategic Energy Alliance here at Stanford and I've just got a few, just a few things to go over before we get started with the workshop and I hand over to Professor Yi Trey and Elizabeth Endler from Shell to make some opening remarks. So today's agenda, we start off with some welcoming remarks from Professor Yi Trey, the Director of the Precourt Institute, and Elizabeth Endler from Shell. We then have a keynote address from our own agenda and we then have two panels. One is the challenge, this is looking at broadly at what is the challenge that we're facing here, and then after a break we have one where we focus on resource extraction industries, mining, oil and gas and so on and so forth. At the end we'll have a wrap up, I'll run the wrap up, we have note takers who will sort of summarise what went on during the day, so we'll have five to ten minutes to just go over what went on, and then at the end of the day we are giving everyone the opportunity to network in private breakout rooms if they want to do so, so that if you have someone that you want to talk with after the meeting you can just privately chat to them, and then if you let Evan Schwartz know via the chat feature just send him a private chat and say you want to have a chat at the end, a private breakout room with a set of particular people, he'll set that up at 12 o'clock, well 12 o'clock our time at the end of the meeting so that you can have that conversation if you need it. I will remind you of this throughout the day, so I'm going to hand it over to Yi to give some welcoming remarks. Yi, you want mute, thank you. Oh yeah okay, now it's good, so thank you Richard, I would like to welcome everybody to attend this electricity industry electrification workshop, a little bit of background of SEA member strategic energy alliance particularly share, last year we have quite a bit of discussion and saying hey there could be a potential great opportunity, we have not discussed or have not done enough yet, that's in the industry sectors to electrify the industry to help decarbonize industry, so under Richard's leadership, we set up a committee here that stands for involving faculty as well as our industry member to look into what's possible and it's very clear we need a workshop to discuss about this. If I look at the big picture on the previous leadership of preco-institute Arloon Maganda, Sally Benson and early on in Leno, preco-institute has been setting up very exciting initiatives to address different areas of decarbonization, you know we have bit and watt initiative to address electricity grid sector, storage x for energy storage, there's a natural gas initiative and some of you also know we will be launching in May the hydrogen initiative, so it will be a very exciting one and there's others you know sustainable finance initiative to really look into how do we do economics and policy right and so on. So what's really exciting today here is the well about a quarter of a carbon coming from is from industry, whether it's from steel refining, it's from cement, from chemicals you know plastics and other chemicals refining, this is a really big sector we need to address as well as thinking about you know transportation, there's so many lithium-ion batteries coming out we need those mining resources you know where do we get all those lithium cobalt nickel like it's a copper and aluminum, you know aluminum is less of a problem it's more of the the first several element that's a issue we need to look into that also requires us to look into well over all the area of sustainable manufacturing, so I hope today's workshop with many experts right here from industry, from academia, we can really identify the problems and also potential solution together. After these a few days workshop what's coming out I hope is which can lead to the action at Stanford site is one potential thing is there's a mechanism right now preco-pioneering project at preco-situ we would like to organize our faculty together to we fund the research to get things going the second one could be leading to co-planning with our industry members for a sustainable manufacturing initiative so this will go bigger and so we saw this short introduction I think I would like to take a pause right here and pass to Elizabeth from Sher's angle and see what Elizabeth is thinking about thanks so much really appreciate the opportunity to be here today and appreciate everyone investing their time and their expertise in this workshop from Shell's experiences across pre-courts in strategic energy alliance, store decks, bits and watts, the national natural gas initiative we've had the opportunity to see how Stanford's multifaceted approach involving research, education and convening provides a unique opportunity to learn from one another and develop insights that support tackling key energy challenges and I'm really excited to see what comes out of the next three days. Before I begin my legal colleagues request that I remind you to consult www.shell.com for detailed investor information so with that out of the way in the next few minutes I'd like to just share with you a few elements from Shell's perspective drawn from our experience as a leading energy company on our power and progress strategy and how it relates to industrial decarbonization so power and progress was launched in February of 2021 and it sets out Shell's strategy to accelerate the transition of our business to net zero emissions in step with society's progress to achieve the 1.5 degree centigrade goal. It's designed to create value for our investors, customers and water society and it has four main goals, generating shareholder value, achieving net zero emissions, powering lives and respecting nature. By generating shareholder value, powering progress delivers financial strength to enable the transformation. We will boost demand for low carbon energy by working with customers, partners and governments to accelerate the transition to net zero emissions where society stops adding to the total amount of greenhouse gas emissions in the atmosphere. Powering progress also means powering lives and livelihoods with energy products. The supply of affordable, reliable and sustainable energy is crucial for addressing global challenges including poverty and inequality. Our goal to respect nature focuses on protecting the environment, reducing waste and making a positive contribution to biodiversity. Two of Shell's beliefs about our role in the energy transition are one, each sector that we serve will require a different combination of energy and decarbonization solutions on the path to net zero emissions and two, accelerating the transition profitably will mean offering low carbon solutions to customers depending on their requirements while optimizing value across products and sectors. So I've used the word sector so why a sector approach? The Intergovernmental Panel on Climate Change has made clear that the world needs to undertake rapid and deep transitions in each of the areas that contribute to global emissions including electric power, transport, buildings, agriculture and industries like steel, chemicals and cement which produce materials for our daily lives. These each pose significant and distinct challenges. In terms of industrial decarbonization Shell has set a 2030 target to reduce emissions by 50% from our operations and from the energy we buy to run our operations as compared to 2016. To do this in the near term in 2022 we will focus on transforming existing refineries and chemical plants into lower carbon energy and chemicals parks focusing on improving energy efficiency and increasing investment in carbon capture and storage. Looking ahead we're working to design liquefied natural gas plants and petrochemical plants so that they can be carbon neutral. These will require energy engineering and technology advances whether for feedstock, process heating or process operations. Energy intensive industries like chemical, steel and cement share common characteristics such as long asset lifetimes, high energy dependency and complexity of electrification. Decarbonization here will therefore be more investment intensive and more technically demanding endeavor compared to other sectors. Electricity has a big role to play it's the fastest growing part of the energy system and when coming from renewable sources has a big lever effect on emissions. One example of direct electrification Shell is undertaking in the industrial sector is the development of electric cracking technology. In 2020 Shell and Dow announced a joint development agreement to accelerate technology to electrify ethylene steam crackers to provide lower carbon based chemicals. Where direct electrification is not feasible whether because a molecular feedstock is required or extreme temperature requirements make combustion of low carbon fuels much more attractive electricity generated from renewable power can also be used to create hydrogen. Shell is also looking to help industrial decarbonization by bringing our expertise to bear in places where customers are and where industrial processes are already underway and for this the integration of this direct and indirect electrification is key. For example in the Netherlands in the port of Rotterdam Shell will be providing green electrons through our consequence ignored offshore wind farm. We also have existing infrastructure at our Shell Pernist refinery now also known as Shell Energy and Chemical Park Rotterdam which uses hydrogen, has a large electric load, own bulk substations, pipelines and so forth. We're able to use that infrastructure and have an immediate sink for the hydrogen produced which creates predictable demand and utilization of the assets that we're building. The green hydrogen produced will initially be used as a substitute to partially decarbonize existing fuels. Building on more than 50 years of scenario analyses we've recently published a series of sketches that highlight plausible pathways for regional and country level energy transitions that involve technology and policy innovations highlighting key sectors within each country's economy. For example using steel as an example technology pathways include moving toward lower intensity processing using hydrogen and electricity rather than conventional means, coal to gas switching and CCS. While the policies on the policy side things that support decarbonization could include establishing a CO2 price for the industry either on an industry basis or as part of an economy wide measure or alternatively establishing policy frameworks to drive demand creation through either minimum requirements or public procurement to support market creation for low carbon footprint steel. I hope these examples mentioned give you a sense of how this workshop will help contribute to the working together to form the coalitions across the value chain sector by sector that will encourage the necessary collective actions to transform these challenges into opportunities. I've been fortunate to witness and participate in the rapid growth of renewable electricity, energy storage and electrification of transport buildings and industry during the past 10 years and as a chemical engineer I'm truly excited by the scope and range of opportunities in front of us for industrial decarbonization to move at a similarly rapid pace. The word transformation has come up several times which inspires thoughts of change, innovation coupled with significant effort. Convening here gives us the opportunity to gather perspectives, digest and synthesize information in new ways to inform the interdisciplinary research questions that need to be tackled with urgency and resolve. Shell CEO recently encouraged us at Shell to go faster and be bolder and I encourage you to use this workshop to do likewise as we work to solve commercial, technical and policy challenges of the energy transition. Thank you. Well thank you so much Eryth, with this short and powerful introduction.