Our Team

Syrie Crouch, Partner
Former VP CCUS, Shell

30+ years in energy; nearly 20 years in CCUS and low-carbon projects
Led Shell’s global CCUS strategy across Upstream, Downstream & Integrated Gas to support their Net Zero ambitions
Oversaw feasibility and early-stage development for projects totalling $200M in pre-FID spend and $1.5B CAPEX
Instrumental in delivering the Quest CCS project, in Canada through a public hearing and to FID in 2012. This project started-up in 2015 and has now injected over 10 million tonnes of CO₂. Developed the first accredited MMV program used to qualify low carbon products
Decision Executive and Shareholder representative for the Northern Lights (Norway) CCUS project.
Advised governments and intergovernmental agencies globally on CCUS regulation and market frameworks
Board member at Climeworks (DAC) and ReCarber (BECCS)

Sheila Graham, Partner
Former GM Commercial, Shell

Deep expertise in energy and CCUS, with leadership roles spanning commercial, technical, and business economics across global markets
As Global GM Commercial for CCUS at Shell (2016–2022), led the commercial delivery of a global CCUS hub portfolio in Europe, Asia, Canada, and the US collaborating and working with technical legal, insurance companies and banks to deliver investable projects
Former member of Shell’s Upstream International Operated Leadership Team, responsible for commercial outcomes across major geographies including the UK, Netherlands, Norway, Nigeria, and Malaysia
Held senior commercial leadership roles in Australia, the Middle East, and North Africa, bringing a deep understanding of regional asset monetisation and partnership models

Pavan Chilukuri, Head of Middle East
Former VP CCUS, Holcim,

20+ years of leadership across energy, industrials, and decarbonisation—specialising in CCUS, e-fuels, and capital project development
As VP of CCUS at Holcim, led a global portfolio of 17 flagship CCUS projects, securing $2B+ in committed CAPEX and 7 EU Innovation Fund awards for projects in Europe
Built CCUS, carbon removals, and e-fuels into strategic growth platforms—expertise relevant to development of decarbonisation and CCUS offerings
Former Licensing Director at Shell, leading the global commercialization of CCUS, blue hydrogen, and e-fuels technologies to decarbonize refineries and integrated assets
Strong track record in shaping bankable business cases and Board-level investment narratives, translating technology into commercially executable pathways

Cristina Nenu, Senior Advisor
Former CO₂ Capture Tech Lead, Shell

Led Shell’s global CO₂ capture and utilization technology program, delivering over 15 large-scale projects including Boundary Dam (Canada)
Oversaw technology selection, scale-up, and commercial deployment, while advising on HSSE considerations critical to safe and effective project execution
Designed and delivered capture technology trials at Technology Centre Mongstad (Norway) and the National Carbon Capture Center (USA), advancing innovation from lab to field
Conducted in-depth studies on amine-based capture and contaminant impact analysis, bringing technical rigor to process design and risk mitigation
Analysed flue gas streams across industrial sources—including biogas—to optimize technology pathways and decarbonisation strategies, supporting clients’ ambitions to address complex emissions profiles

Michael Fulton, Principal
Former Eni & EDF Carbon Markets

15+ years in energy and carbon markets. With a primary focus on the carbon and renewable energy markets.
Established two global scale carbon trading businesses for EDF and ENI.
Portfolio Manager of french utility EDF’s carbon portfolio and Group Carbon Fund, a EUR300m vehicle for the offtake of Certified Emission Reduction (CERs) credits under the Clean Development Mechanism.
Managed the renewable energy trading book and responsible for trading and structuring transactions in renewable energy certificates.
Established Eni groups emissions trading under the EU Emissions Trading Scheme, to originate offtake agreements under the Clean Development Mechanism.
Advises on carbon markets and carbon pricing regimes such as the EU ETS and the CBAM.