Shell Sees Innovation As Key To Secure Asia’s Energy Future
Sep 24, 2013
Shell launches today a two-day Innovation Summit in Kuala Lumpur, Malaysia. This is the first time that the event is held in Southeast Asia, after successful runs in Mexico, China, Russia, Brazil, USA and India.
Themed “Innovation Driving Development”, the Shell Innovation Summit brings together Shell business and technology leaders with government and industry experts to discuss the vital role of technology and innovation towards securing energy needs for Malaysia and the Asia-Pacific region.
“Meeting the challenges accelerated change brings will require governments, academia and private enterprise to work together to find innovative ways to achieve our common goals. Co-creation and open innovation are key. Innovation enables advancements. Collaboration brings the best opportunities to the table. And that’s exactly why we are here today,“said Shell Malaysia Country Chairman Iain Lo in his remarks at the opening of the event.
The Innovation Summit kicked off with a discussion on the role of innovation in nation building and the importance of innovative collaboration to strengthen Southeast Asian nations. In a dialogue, participants from government, industry and Shell discussed strategies to address future energy challenges for Malaysia and the region.
Innovation and technology will play a crucial role to unlock the energy the world needs for the coming decades. Global energy demand is expected to significantly increase as population grows and prosperity increases, particularly in developing countries. The greatest expansion in urban population will be here in Asia where urbanisation is occurring at the fastest pace. Asia’s growing cities will demand more energy as the emerging middle classes buy their first air conditioners, televisions and computers. A range of sources will be needed to supply this vital energy over the coming decades.
”The growth of Asia’s megacities and fast urbanization, with increased congestion and pollution, presents policymakers with a big challenge and an opportunity: How do you fuel development in an environmentally sustainable way? We believe that natural gas is uniquely positioned to address the challenges faced by policy makers today, tomorrow and as part of a secure, competitive, affordable and sustainable energy future, “ said Maarten Wetselaar, Royal Dutch Shell Executive Vice President for Integrated Gas in his address at the event.
He outlined the benefits of gas and why it is poised to play a more important role in the global energy picture. First, is its environmental acceptability as natural gas produces around half the Greenhouse Gas Emissions compared to coal. Another is its transformational impact on economic development for countries with large domestic gas resources. Finally, smarter city planning that incorporates natural gas infrastructure offers not only significant gains in efficiency but also helps to reduce total air pollution and CO2 emissions.
Shell continues to find innovative solutions to help deliver the energy our customers and partners need in a sustainable way. Shell works closely together with partners within and beyond the energy industry to continuously generate new ideas and speed up their development and deployment.
Its partnership with Malaysia, in particular, spans over a century and is marked by significant achievements, including many “firsts” for the energy industry globally and in the region, such as the world’s first Gas-to-Liquids (GTL) plant built in Bintulu. “At Shell, we aim to contribute strategically with our partners to help generate measurable social impact and link to our core business strengths including our innovation,” Mr. Wetselaar said.
“I see fertile ground for further innovation and value creation for both the industry and Malaysia. As a long term investor and partner in Malaysia, Shell is committed to creating a positive legacy – a contribution to the nation that we and our partners can be proud of,” he concluded.
Head, Asia-Pacific Media Relations
Shell Spokesperson, Asia-Pacific
Shell Spokesperson, Asia-Pacific
Notes to Editors:
- Shell and Malaysia have a long history together dating back to 1891. Today, Shell’s presence in Malaysia has expanded to the full energy value chain, the Upstream, Downstream, Projects & Technology, and in Shared Services.
- Shell has been a technology pioneer for more than 100 years, and has come up with many industry-transforming “firsts” to deliver energy its customers and partners need.
- One such pioneering technology is the gas-to-liquids conversion process to yield valuable products such fuels, chemicals and lubricants. The world’s first commercial GTL plant is right here in Malaysia – the Shell Middle Distillate Synthesis (MDS) Plant in Bintulu, Sarawak.
- Shell MDS’ GTL plant uses natural gas from offshore Sarawak to produce waxes, drilling fluids, chemical feedstocks and fuels. It is said to be the “oyster” that helped produce the world’s largest GTL plant – Pearl – in Qatar. In fact, Shell supplied the world’s first GTL jet-fuel blend for a commercial passenger flight.
The companies in which Royal Dutch Shell plc directly and indirectly owns investments are separate 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 subsidiaries in general or to those who work for them. These expressions are also used where no useful purpose is served by identifying the particular company or companies. ‘‘Subsidiaries’’, “Shell subsidiaries” and “Shell companies” as used in this press release refer to companies over which Royal Dutch Shell plc either directly or indirectly has control. Companies over which Shell has joint control are generally referred to “joint ventures” and companies over which Shell has significant influence but neither control nor joint control are referred to as “associates”. In this press release, joint ventures and associates may also be referred to as “equity-accounted investments”. The term “Shell interest” is used for convenience to indicate the direct and/or indirect (for example, through our 23% shareholding in Woodside Petroleum Ltd.) ownership interest held by Shell in a venture, partnership or company, after exclusion of all third-party interest.
This press release contains forward-looking statements 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 ‘‘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. 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, 2012 (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, September 24, 2013. 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. You can also obtain these forms from the SEC by calling 1-800-SEC-0330.