HOUSTON, Jan. 9, 2013 /PRNewswire/ -- Shell launched today a two-day Innovation Summit at the recently expanded Shell Technology Center in Houston. The event brings Shell business and technology leaders together with cross-sector experts to explore how collaboration, particularly among unusual partners, can generate innovative thinking and new ideas on complex societal issues, such as the increasing stress among food, water and energy.
"Shell has spent over a billion dollars a year on researching and developing new technologies – more than any of our peers. This investment in innovation and a consistent commitment to collaboration are essential to spark new ideas and develop solutions to today's and tomorrow's challenges," said Matthias Bichsel, director of Projects & Technology at Royal Dutch Shell. "They are the keys to delivering much needed energy in a more sustainable way for a rapidly growing global population and ensuring improved living standards for millions of people now and in the future."
The Innovation Summit also is serving as the rededication of Shell Technology Center Houston, following extensive remodeling and expansion. Following its rededication, Shell Technology Center Houston will be the largest of Shell's three global technology hubs alongside Amsterdam in The Netherlands and Bangalore in India.
The Innovation Summit features an interactive exhibit hall and two days of speakers and panelists focused on the value of innovation, technology and collaboration, such as Shell's work with NASA and The University of Texas MD Anderson Cancer Center.
"Our collaborative work with organizations, such as X PRIZE Foundation, MD Anderson and NASA, and other technical partnerships, such as Scuderia Ferrari, Penske Racing and Hendricks Motorsports, will continue to provide the ingredients of potential breakthroughs for energy, fuels and engine oil, space exploration, and even public health," said Marvin Odum, President of Shell Oil Company and Director of Upstream of Royal Dutch Shell's subsidiary companies in the Americas.
Other sessions explore the future of energy, including technologies, tight gas, nanotechnology, high performance computing, and mobility including biofuels.
"Real innovation relies on co-creation, collaborative problem-solving and cultivating next-generation ideas from within and outside our company to pioneer unique solutions," said Gerald Schotman, chief technology officer and executive vice president, Innovation Research & Development at Royal Dutch Shell. "Advanced technologies continue to generate new energy sources, increase efficiency, and address and responsibly manage environmental impacts."
The Shell GameChanger team has facilitated a series of 'speedmatching' events for numerous organizations, including NASA and MD Anderson. In these sessions, Shell scientists interacted with their peers to identify opportunities for cooperation and collaboration. As a result, NASA and Shell have launched several projects and are developing further opportunities.
Since 1936 and 1975, respectively, the former Bellaire and Westhollow technology centers that now make up Shell Technology Center Houston have been active in research and development in key onshore and offshore upstream, and downstream refining and chemical products technologies, working on advances in unconventional and deepwater technologies and downstream processes, chemistry and new fuel sources. The integrated center is designed to leverage combined skills and capacity to benefit the entire value chain.
Shell Technology Center Houston, along with technology hubs in Bangalore (India) and Amsterdam (The Netherlands), is a key part of Shell's global network of technology centers and which are connected to Shell's global businesses, customers and partners. Locations of other Shell research, development and testing facilities currently include Canada, Germany, The Netherlands, Qatar, Norway, the Sultanate of Oman and the UK. A new technical center for lubricants technology is planned for China.
The full agenda for the Summit can be found here.
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 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'', ''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 factors that may affect future results are contained in Royal Dutch Shell's 20-F for the year ended December 31, 2011 (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, January 9, 2013. 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.
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.
SOURCE Shell Oil Company