Today, The Shell Company of Thailand Limited is introducing a new offering to its customers: 100% Post-Consumer Recycled​ (PCR) plastic bottles for its premium engine oil, Shell Helix Ultra. This innovative packaging solution is both eco-friendly and sustainable. Made from 100% recycled plastic pellets of the highest quality, the PCR bottles ensure durability in all transportation conditions while preserving the full potential of Shell’s world-class lubricants. By utilizing these bottles, Shell is actively contributing to reducing plastic waste, lowering carbon dioxide emissions, and further supporting the transition to a circular economy for packaging.

Consumers today not only prioritize products that improve engine efficiency and performance, but they also look for alternatives that are more environmentally friendly and show concern for broader environmental problems in the society. Shell, a global leader in energy innovation and the provider of the world's top lubricants, recently made a significant change in its packaging by using 100% Post-Consumer Recycled (PCR) plastic. This new packaging maintains the high-quality standards of Shell's lubricants, ensuring that engines and machines operate at their full potential. Additionally, it offers convenient logistics and safe usage for consumers, while also meeting the increasing demand to utilize valuable resources for maximum benefit and can be recycled again.

100% PCR signage

Mr. Kamolpat Baholyodhin, Executive Director - Lubricants Business of The Shell Company of Thailand Limited, said, “The transition to the use of 100% recycled plastic packaging for Shell's premium Helix Ultra family of engine oil marks a crucial milestone in our net-zero ambitions as part of our Powering Progress strategy, which was designed to create value for our shareholders, customers, and wider society. It also demonstrates our dedication to driving an energy business that accelerates the transition to net-zero emissions across our products and services by focusing on a three-pillar approach: Avoid, Reduce, and Compensate Aside from that, by respecting nature, we are reducing waste, protecting the environment, and making a positive contribution to biodiversity – all the while powering lives and livelihoods through our products and activities by supporting an inclusive society.”

"Shell Lubricants not only strives to decrease carbon emissions during the production process, but also prioritizes the 3Rs policy, which involves Reducing plastic waste, promoting Reuse, and incorporating Recycled materials into products and packaging. This reduces pollution across the entire lubricant value chain. The recently launched Shell Helix Ultra packaging, a pioneering initiative in Thailand and made entirely from 100% recycled plastic, is now available at Shell service stations and dealers and is being offered at the same price as the previous packaging," said Mr. Kamolpat.

Shell's commitment to delivering clean and sustainable energy, in line with its Powering Progress strategy, is contributing to the energy transition towards achieving net-zero emissions by 2050. Replacing all packaging for Shell Helix Ultra-premium lubricants with 100% recycled plastic will contribute to the reduction of accumulated waste in the country, reduce resource consumption, and mitigate environmental impacts. This initiative also adds value to used plastics through their transformation into high-quality packaging materials via recycling.

Disclaimer:
“100% recycled plastic” refers specifically to the containers for engine oil and does not include the lid used to seal the container.

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

This announcement 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 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 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’’, “milestones”, ‘‘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 Shell and could cause those results to differ materially from those expressed in the forward-looking statements included in this announcement, 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, judicial, 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; (m) risks associated with the impact of pandemics, such as the COVID-19 (coronavirus) outbreak; and (n) 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 announcement 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 Shell plc’s Form 20-F for the year ended December 31, 2022 (available at www.shell.com/investor and www.sec.gov). These risk factors also expressly qualify all forward-looking statements contained in this announcement and should be considered by the reader. Each forward-looking statement speaks only as of the date of this announcement, [5 July 2023]. Neither 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 announcement.

Shell’s net carbon intensity

Also, in this announcement we may refer to Shell’s “Net Carbon Intensity”, which includes 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 Intensity” is 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 Intensity (NCI) targets over the next ten years. However, Shell’s operating plans cannot reflect our 2050 net-zero emissions target and 2035 NCI 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.

The contents of websites referred to in this announcement do not form part of this announcement.

We may have used certain terms, such as resources, in this announcement that the United States Securities and Exchange Commission (SEC) strictly prohibits us from including in our filings with the SEC. 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.