Mr. Asada Harinsuit, Chairman of The Shell Company of Thailand Limited, said: “The corporate mission of ‘Making Life’s Journey Better’ lies at the heart of our company, and it is reflected in every step we take. Shell, as an oil and energy leader, aims to drive business growth by putting a greater emphasis on sustainable energy as Thailand continues its transition towards cleaner energy sources. We believe that the “More and Cleaner Energy” strategy will enable Shell Thailand to lend full support for the Thai Government’s goals of security, prosperity and sustainability under its Thailand 4.0 policy. Shell believes that this transition toward a sustainable future requires the integration of three core components: innovation, partnership and people development.”
Thailand is stepping up its efforts to become a regional energy hub. With the government’s Energy 4.0 policy, Thailand is promoting households and industry to reduce greenhouse gas emissions through various efforts – from encouraging energy people to save energy to promoting the production of alternative energy However, local fuel consumption is still on the rise. Thailand’s increasing energy consumption is reflected in the 11.87%1 increase in automobile manufacturing last year – this figure in one proof point among energy industries’ consumption that underlines Thailand’s need for sufficient energy supplies that, at the same time, reduce environmental impact.
Innovation: Smarter product innovations have a key role to play as Thailand transitions to lower-carbon energy. Smart fuel and lubricant products that keep engines cleaner than ever can make significant contributions to fuel economy and reduce CO2 emission. Meanwhile, new advances will allow biofuels to be introduced as an alternative energy source that supports the prosperity of people and builds on Thailand’s competitive advantage by avoiding competition with the food value chain, reducing cost and providing higher energy recovery. Moreover, innovative electric vehicles (EVs) that run on 100% ethanol instead of batteries also provides end-to-end lower CO2 emission and supports agricultural communities by ensuring better security of supply from locally produced crops in place of energy or crude oil imports.
Partnership: To make use of these advanced innovations, collaboration between government, private companies and society is an essential factor. The transition to cleaner energy would not happen without backing from government policy, stronger biofuel support from automakers, and smarter technology adoption by biofuel producers. Achieving genuinely efficient energy usage among consumers will require support for local research and development of bio-ethanol fuel cells that allow the use of 100% ethanol as fuel, or the licensing of smarter technology to convert waste into biofuels.
People: People represent a core element for the success of cleaner energy solutions in Thailand. To drive the transition further, the prosperity of agricultural communities should be taken into account. In addition, talent development for children must be integrated as a piece of the puzzle in moving Thailand forward. Furthermore, any framework or action plan for the transition should be founded upon the principle of providing better life opportunities for all
To support Thailand’s future energy needs and fulfill the increasing needs of more and cleaner energy while also reducing carbon emissions, Shell is providing access to cutting-edge fuel, lubricant and bitumen technologies after having already introduced Shell V-Power in Thailand and Gas-to-Liquid fuel on top of supporting alternative energy development with biofuel. Shell was one of the first energy companies to invest in advanced biofuels from alternative feedstocks. As an evidence, Shell has completed the construction of demonstration plant at Shell Technology Centre in Bangalore, India in 2017, which demonstrates IH2 technology that convert waste into fuel.2
In regard to quality of life, Shell is continuing its support for schools and communities in areas where we operate, promoting road safety from within our own operations to society as a whole, and educating the general public through our network of retail locations and quality customer care. Shell is also continuously developing Thai talent for the future within Shell and beyond by inspiring Thai students through Shell Eco Marathon events, which help increase awareness and support research and development of lower-emission vehicles.
“A new energy system is emerging in a journey that will unfold over the coming decades at different paces in different places. This energy transition presents challenges, opportunities and tough choices for governments, businesses and customers. For 126 years, Shell Thailand has been making Thais’ life’s journey better. We are actively adapting to these forthcoming changes in the energy landscape. We believe Shell’s ‘More and Cleaner Energy’ strategy will allow us to fine-tune our business operations to optimally move in step with Thailand through this energy transition period,” Mr. Asada concludes.
1The Federation of Thai Industries, 2017
Country Manager - External Relations
The Shell Company of Thailand
T +66 (0) 2 262 7326
H+K Strategies Thailand
M +66 (0) 2-627-3501 #161
The companies in which Royal Dutch Shell plc directly and indirectly owns investments are separate legal entities. In this press release “Shell”, “Shell group” and “Royal Dutch Shell” are sometimes used for convenience where references are made to Royal Dutch Shell plc and its subsidiaries in general. Likewise, the words “we”, “us” and “our” are also used to refer to Royal Dutch Shell plc and subsidiaries in general or to those who work for them. These terms are also used where no useful purpose is served by identifying the particular entity or entities. ‘‘Subsidiaries’’, “Shell subsidiaries” and “Shell companies” as used in this press release refer to entities over which Royal Dutch Shell plc either directly or indirectly has control. Entities and unincorporated arrangements over which Shell has joint control are generally referred to as “joint ventures” and “joint operations”, respectively. Entities over which Shell has significant influence but neither control nor joint control are referred to as “associates”. The term “Shell interest” is used for convenience to indicate the direct and/or indirect ownership interest held by Shell in an entity or unincorporated joint arrangement, after exclusion of all third-party interest.
This press release contains forward-looking statements (within the meaning of the U.S. Private Securities Litigation Reform Act of 1995) concerning the financial condition, results of operations and businesses of Royal Dutch Shell. All statements other than statements of historical fact are, or may be deemed to be, forward-looking statements. Forward-looking statements are statements of future expectations that are based on management’s current expectations and assumptions and involve known and unknown risks and uncertainties that could cause actual results, performance or events to differ materially from those expressed or implied in these statements. Forward-looking statements include, among other things, statements concerning the potential exposure of Royal Dutch Shell to market risks and statements expressing management’s expectations, beliefs, estimates, forecasts, projections and assumptions. These forward-looking statements are identified by their use of terms and phrases such as “aim”, “ambition’, ‘‘anticipate’’, ‘‘believe’’, ‘‘could’’, ‘‘estimate’’, ‘‘expect’’, ‘‘goals’’, ‘‘intend’’, ‘‘may’’, ‘‘objectives’’, ‘‘outlook’’, ‘‘plan’’, ‘‘probably’’, ‘‘project’’, ‘‘risks’’, “schedule”, ‘‘seek’’, ‘‘should’’, ‘‘target’’, ‘‘will’’ and similar terms and phrases. There are a number of factors that could affect the future operations of Royal Dutch Shell and could cause those results to differ materially from those expressed in the forward-looking statements included in this press release, including (without limitation): (a) price fluctuations in crude oil and natural gas; (b) changes in demand for Shell’s products; (c) currency fluctuations; (d) drilling and production results; (e) reserves estimates; (f) loss of market share and industry competition; (g) environmental and physical risks; (h) risks associated with the identification of suitable potential acquisition properties and targets, and successful negotiation and completion of such transactions; (i) the risk of doing business in developing countries and countries subject to international sanctions; (j) legislative, fiscal and regulatory developments including regulatory measures addressing climate change; (k) economic and financial market conditions in various countries and regions; (l) political risks, including the risks of expropriation and renegotiation of the terms of contracts with governmental entities, delays or advancements in the approval of projects and delays in the reimbursement for shared costs; and (m) changes in trading conditions. No assurance is provided that future dividend payments will match or exceed previous dividend payments. All forward-looking statements contained in this press release are expressly qualified in their entirety by the cautionary statements contained or referred to in this section. Readers should not place undue reliance on forward-looking statements. Additional risk factors that may affect future results are contained in Royal Dutch Shell’s 20-F for the year ended December 31, 2017 (available at www.shell.com/investor and www.sec.gov ). These risk factors also expressly qualify all forward looking statements contained in this press release and should be considered by the reader. Each forward-looking statement speaks only as of the date of this press release, 11 July 2018. Neither Royal Dutch Shell plc nor any of its subsidiaries undertake any obligation to publicly update or revise any forward-looking statement as a result of new information, future events or other information. In light of these risks, results could differ materially from those stated, implied or inferred from the forward-looking statements contained in this press release.
We may have used certain terms, such as resources, in this press release that United States Securities and Exchange Commission (SEC) strictly prohibits us from including in our filings with the SEC. U.S. Investors are urged to consider closely the disclosure in our Form 20-F, File No 1-32575, available on the SEC website www.sec.gov.