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01 JULY 2011
Shell and Paques Holding B.V. have agreed upon the formation of a 50-50 joint venture, Paqell B.V., to focus their efforts on the marketing of biological desulphurisation in the oil and gas sector for high pressure gas applications using THIOPAQ O&G (oil & gas) technology.
"The joint venture itself demonstrates Shell‟s continuous drive to develop innovative solutions for the future, particularly with growth in the gas sector and the challenges in meeting increasing energy demand and environmental expectations," said Theo Bodewes, Shell Vice President for Gas & Liquids Treating Technologies. "Our unique sulphur recovery technology is well-positioned to address the industry needs, and we are pleased to start a new chapter in our cooperation with Paques."
"The foundation of Paqell will give a stronger dedicated focus for their successful activities. This joint venture is the achievement of our strategy of continuous innovation and forming partnerships for product and market development. We therefore look forward to an even closer cooperation with Shell," said Rob Heim, Managing Director of Paques Holding B.V.
THIOPAQ® has been deployed by Paques in the water business for atmospheric biogas desulphurisation since the early 1990's. Paques then formed a technology alliance with Shell in 1997, and saw the successful deployment of THIOPAQ® to the broader oil and gas industry, particularly in large scale H2S removal and sulphur recovery. THIOPAQ® is currently being applied in four (4) sites in the oil and gas industry, with seven (7) projects under construction.
A new research and development program will be concluded by the end of next year, which aims to provide the next generation THIOPAQ O&G technology with a step change in efficiency and capacity. Once this research program is successfully completed, Paqell will operate from the Watercampus in Leeuwarden, the Netherlands where there is a high level of expertise available in sustainable water technology. For now, Paqell operates from Amsterdam and Balk in the Netherlands. Machiel van der Schoot will be Managing Director of Paqell B.V.
Jaryl Strong, Media Relations
Kim Blomley, Media Relations
+1 713 241 4544
+31 70 377 3600
+31 514 60 8500
Machiel van der Schoot
+31 61 58 86 338
THIOPAQ® is a technology that makes use of natural occurring bacteria for sulphur recovery, operating in ambient temperature with simple utilities. As no concentrated toxic H2S streams occur, the safety risk contours are small in comparison to traditional H2S removal technologies. Biosulphur or standard so-called Claus-quality sulphur can be produced, the former offering the opportunity for direct land use in fertilizer and fungicide applications, with quick soil pick up and crop yield enhancement. Large scale H2S removal using THIOPAQ® can be applied in unconventional gas, natural gas, flared gas, acid gas, and oil refining.
Royal Dutch Shell plc is incorporated in England and Wales, has its headquarters in The Hague and is listed on the London, Amsterdam, and New York stock exchanges. Shell companies have operations in more than 90 countries and territories with businesses including oil and gas exploration and production; production and marketing of liquefied natural gas and gas to liquids; manufacturing, marketing and shipping of oil products and chemicals and renewable energy projects. For further information, visit www.shell.com.
Shell Global Solutions is a network of independent technology companies in the Shell Group which provide technical consultancy and licensed technologies for both the Shell Group and third party customers within the energy industry. In response to the significant challenges facing the industry today, Shell Global Solutions strives to deliver innovative technical solutions and effective technology to support its customers in their day-to-day operations and delivery of strategic plans. This enables customers to improve the capacity and performance of existing units; integrate new process units into existing refineries and petrochemical complexes; incorporate advanced catalyst systems and reactor internals; through to the design of grassroots refineries. More information is available at www.shell.com/globalsolutions.
Biotechnology that purifies water and gas is Paques‟ profession. Revitalizing resources is their motto.
Paques helps companies to contribute to the major challenges of today: to reduce water and carbon footprints and reclaim valuable resources. Paques‟ anaerobic water purification systems produce energy from wastewater, whilst purifying the water and facilitating water reuse. The biogas produced in the purifying process is a source of green energy. Since the introduction of our first BIOPAQ® reactor in 1981, close cooperation with our partners has resulted in a broad portfolio for integrated water and gas treatment. Paques‟ technologies have proven to be cost-effective and reliable solutions.
Paques offers a broad range of services, ranging from feasibility studies, consultancy and engineering to mechanical and electrical contracting. The portfolio for water treatment is wide and includes flexible anaerobic treatment, aerobic treatment, (biological) sand filtration, nitrogen removal, sulphate removal, phosphate recovery and removal and metal removal. For (bio)gas treatment, Paques offers a very efficient desulphurisation technology. Customers of Paques are active in virtually every municipal and industrial market, such as food and beverages, pulp and paper, biofuels, metal and mining and chemicals. More information is available at www.paques.nl.
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 in which Royal Dutch Shell either directly or indirectly has control, by having either a majority of the voting rights or the right to exercise a controlling influence. The companies in which Shell has significant influence but not control are referred to as "associated companies" or "associates" and companies in which Shell has joint control are referred to as "jointly controlled entities". In this press release, associates and jointly controlled entities are also 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 34% 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‟‟, ""intend‟‟, ""may‟‟, ""plan‟‟, ""objectives‟‟, ""outlook‟‟, ""probably‟‟, ""project‟‟, ""will‟‟, ""seek‟‟, ""target‟‟, ""risks‟‟, ""goals‟‟, ""should‟‟ 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 the Group‟s products; (c) currency fluctuations; (d) drilling and production results; (e) reserve 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 potential litigation and regulatory effects arising from recategorisation of reserves; (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 factors that may affect future results are contained in Royal Dutch Shell‟s 20-F for the year ended December 31, 2010 (available at www.shell.com/investor and www.sec.gov ). These factors also should be considered by the reader. Each forward-looking statement speaks only as of the date of this press release, 1 July 2011. Neither Royal Dutch Shell 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.
The United States Securities and Exchange Commission (SEC) permits oil and gas companies, in their filings with the SEC, to disclose only proved reserves that a company has demonstrated by actual production or conclusive formation tests to be economically and legally producible under existing economic and operating conditions. We use certain terms in this press release that SEC's guidelines strictly prohibit us from including in 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.