Royal Dutch Shell has entered into strategic agreement with Linde Gmbh for its low-carbon ethane-oxidative dehydrogenation (“E-ODH”) technology for the production Ethylene. The new technology is an alternative to the traditional ethane steam cracking and has several economic benefits associated to it. The process would lead to the simultaneous production of Acetic Acid and would significantly step down the carbon footprint by using renewable electricity rather than fossil fuels. The two companies had been working solely for E-ODH development for a number of years and with this agreement will unite to actualize their common purpose to attain a carbon-neutral future. The agreement will enable the increased adoption of this emerging technology across the vast chemical sector, with Linde commercializing it in the global market as EDHOX™. Apart from benefitting Ethylene producers, the technology will especially serve well to the industries who consume both Ethylene and Acetic Acid for the production of chemicals such as vinyl acetate monomer, ethylene-vinyl acetate copolymer and polyvinyl alcohol products.