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Shell Launches Butadiene Extraction Unit Project in Singapore

10/04/2007

Shell Eastern Petroleum (Pte) Ltd today announced that it has taken a final investment decision to proceed with the construction of a new butadiene extraction unit on Pulau Bukom (or Bukom Island), Singapore.

Shell Eastern Petroleum (Pte) Ltd today announced that it has taken a final investment decision to proceed with the construction of a new butadiene extraction unit on Pulau Bukom (or Bukom Island), Singapore.  The project will have an initial capacity of 155 kilo tonnes per annum and is part of the world-scale Shell Eastern Petrochemicals Complex (SEPC)*, targeted for start-up in 2009/2010. The project will now enter the implementation phase.

“This project is yet another significant investment in Shell’s downstream business portfolio, and in Singapore.  As an integral part of SEPC, it will help us to meet the demands of the region’s fast-growing petrochemical industry.  Shell remains committed to grow chemical investments in Asia-Pacific, and today’s announcement is another example of how we are delivering on our ‘Grow East’ strategy,” said Pieter Eijsberg, SEPC General Manager.

The Shell Group is considered the largest marketer of butadiene globally.  It has now contracted a large part of the new plant capacity for butadiene to customers, and discussions are in progress with a number of potential customers for raffinate-1.

Butadiene is used primarily in the production of polymers, co-polymers and chemical intermediates.  Examples include styrene-butadiene rubber, polybutadiene rubber, adiponitrile and butanediol.

*Shell Eastern Petrochemicals Complex is not a legal entity.

Notes to Editors

Shell Chemicals collectively refers to the companies of the Shell Group engaged in the chemicals business.  Shell chemicals companies manufacture and deliver petrochemical building blocks and polyolefins to industrial customers.  These products are widely used in plastics, coatings and detergents. For further information or to download photos please visit: Shell Chemicals website - opens in new window.

Media enquiries

Shell Singapore Media Relations: Oh Yam Chew, +65 6384 8943. yam-chew.oh@shell.com

Shell Chemicals: Bianca Ruakere, +44 207 934 4506. bianca.ruakere@shell.com

International Media Relations: Alexandra Wright, +44 207 934 3277. alexandra.wright@shell.com

Investor enquiries

Europe: Tjerk Huysinga, +31 70 377 3996 / tjerk.huysinga@shell.com  

USA: Harold Hatchett, +1 212 218 3112 / harold.hatchett@shell.com

Disclaimer statement

This document contains forward-looking statements concerning the financial condition, results of operations and businesses of the Shell Group. 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 the Shell Group 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 the Shell Group and could cause those results to differ materially from those expressed in the forward-looking statements included in this document, 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 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, project delay or advancement, approvals and cost estimates; and (m) changes in trading conditions. All forward-looking statements contained in this document 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. Each forward-looking statement speaks only as of the date of this presentation. 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 document.

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 presentation, such as “oil in place" that the 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 and disclosure in our Forms 6-K file No, 1-32575, available on the SEC website www.sec.gov - opens in new window. You can also obtain these forms from the SEC by calling 1-800-SEC-0330.