Shell – Thailand’s first oil company marks 130th anniversary, leveraging ‘Powering Progress’ strategy and moving Thailand towards a low-carbon society

Mr. Panun Prachuabmoh, Country Chairman, The Shell Company of Thailand Limited, said: "Throughout 130 years of our operations in the country, Shell is proud to have grown alongside Thailand, where we have seen significant development in terms of economy and society. Thailand is currently moving towards a low-carbon society, where the government aims to reach carbon neutrality by 2050 and net-zero emissions by 2065. Shell is ready to collaborate with every sector as a ‘Trusted Partner’ with the concordant target to become a net-zero emissions energy business both in terms of products and services. Concurrently, Shell continues to drive the growth of customer-centric business, in step with our stakeholders and Thai society to help reduce environmental impacts.”

With Shell's global expertise in the energy sector as well as the intention to operate its business with care for both customers and the environment throughout energy transitioning, Shell focuses on each step to achieve greenhouse gas emissions reductions namely: 1. our internal operations; 2. products bought from other companies; and 3. helping customers who use Shell products compensate for carbon emissions. Around the world, Shell also continues to transform its business to achieve its goals by delivering products that can reduce greenhouse gas emissions such as EV charging point stations, hydrogen refuelling stations for hydrogen fuel cell cars, and electricity generation from solar and wind energy. Shell is keen to cooperate with those who share a common vision, including industries in hard-to-abate sectors such as aviation, shipping, road transport, and heavy industry. Shell is expanding investments into renewable energy and low-emission energy businesses such as an investment in Ubitricity – an electric vehicle charging station operator in the UK.

Shell's determination in reducing greenhouse gas emissions has continued through both processes and products in Thailand, from the head office building to Shell service stations, where solar panels have been installed to reduce greenhouse gas emissions by using renewable energy. As a result, Shell was awarded Thailand Energy Awards 2020 and 2021 for building energy conservation for two consecutive years and was granted Renewable Energy Award for solar cell rooftop projects in the garage and the rooftop of Shell’s headquarter. In addition, Shell service stations also use sustainable innovations to help reduce greenhouse gas emissions in service stations by installing solar panels on the roof, choosing eco-friendly ‘Green Banding’ construction materials as well as sustainable environmental management with water and waste management systems for efficient reuse.

In terms of products, Shell has consistently focused on clean and alternative energy, such as an increase in the proportion of biofuel consumption i.e. biodiesel and ethanol, which is well-suited for an agricultural country such as Thailand and gives even greater support for farmers’ well-being. Shell also provides High-Performance Charging (HPC) stations for electric vehicles to best serve the latest customer needs as well as offers sustainable products and solutions in factories and the transport industry. In addition, Shell helps customers reduce greenhouse gas emissions by providing high-quality products such as premium fully-synthetic engine oil – Shell Helix Ultra 0W Carbon Neutral formula – one of Shell's first engine oil innovations that reduces net greenhouse gas emissions to zero, and Bitumen FreshAir, a low-heat and fragrant asphalt innovation, which reduces energy consumption and the evaporation of gases and particles that affect air quality.

Shell strongly supports various networks, which promote low-carbon, and is part of the ‘Climate Action Initiator’. Furthermore, Shell has been collaborating with the Thai government such as the Ministry of Natural Resources and Environment, Thailand Greenhouse Gas Management Organization (Public Organization), and other private organizations, to help move Thailand towards a low-carbon society.

Shell is committed to raising an awareness about clean and alternative energy through ongoing projects such as the Imagine the Future Scenarios Competition, which offers university students an opportunity to present scenarios in the next 30 years considering social, economic, and environmental challenges, along with Shell Forum, a platform to exchange ideas among experts from the government, private and public sectors to prepare for Thailand's future energy challenges and also to drive suitable energy transitioning for the country.

Over the past 130 years, Shell has always supported the growth of Thailand's energy industry and has become one of the leaders in providing quality and sustainable clean energy, along with aiding economic, social, and national growth development. The energy transition from now on is extremely important. Shell, as the country's first pioneer in the oil business, is committed to providing clean and sustainable energy with the ‘Powering Progress’ strategy, which supports Thailand’s energy transition to achieve net-zero greenhouse gas emissions.

For Media Enquiries:

Sudarat Peetakanont
Corporate Relations Advisor
Corporate Relations 
The Shell Company of Thailand Limited
M +66 2 262 7839
E sudarat.peetakanont@shell.com

Kaewta Ketbungkan
H+K Strategies Thailand
E kketbungkan@hkstrategies.com

Cautionary note

The companies in which Shell plc directly and indirectly owns investments are separate legal entities. In this announcement, “Shell”, “Shell Group” and “Group” are sometimes used for convenience where references are made to Shell plc and its subsidiaries in general. Likewise, the words “we”, “us” and “our” are also used to refer to Shell plc and its 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 announcement refer to entities over which 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. “Joint ventures” and “joint operations” are collectively referred to as “joint arrangements”. 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.

Forward-Looking Statements

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Shell’s net carbon footprint

Also, in this announcement we may refer to Shell’s “Net Carbon Footprint” or “Net Carbon Intensity”, which include Shell’s carbon emissions from the production of our energy products, our suppliers’ carbon emissions in supplying energy for that production and our customers’ carbon emissions associated with their use of the energy products we sell. Shell only controls its own emissions. The use of the term Shell’s “Net Carbon Footprint” or “Net Carbon Intensity” are for convenience only and not intended to suggest these emissions are those of Shell plc or its subsidiaries.

Shell’s net-Zero Emissions Target

Shell’s operating plan, outlook and budgets are forecasted for a ten-year period and are updated every year. They reflect the current economic environment and what we can reasonably expect to see over the next ten years. Accordingly, they reflect our Scope 1, Scope 2 and Net Carbon Footprint (NCF) targets over the next ten years. However, Shell’s operating plans cannot reflect our 2050 net-zero emissions target and 2035 NCF target, as these targets are currently outside our planning period. In the future, as society moves towards net-zero emissions, we expect Shell’s operating plans to reflect this movement. However, if society is not net zero in 2050, as of today, there would be significant risk that Shell may not meet this target.

Forward Looking Non-GAAP measures

This announcement may contain certain forward-looking non-GAAP measures such as cash capital expenditure and divestments. We are unable to provide a reconciliation of these forward-looking Non-GAAP measures to the most comparable GAAP financial measures because certain information needed to reconcile those Non-GAAP measures to the most comparable GAAP financial measures is dependent on future events some of which are outside the control of Shell, such as oil and gas prices, interest rates and exchange rates. Moreover, estimating such GAAP measures with the required precision necessary to provide a meaningful reconciliation is extremely difficult and could not be accomplished without unreasonable effort. Non-GAAP measures in respect of future periods which cannot be reconciled to the most comparable GAAP financial measure are calculated in a manner which is consistent with the accounting policies applied in Shell plc’s consolidated financial statements.

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