April 19, 2018 - 4:00 PM EDT
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Shell and Toyota move forward with hydrogen facility for freight at Port of Long Beach

California Energy Commission indicates $8 million grant to hydrogen fueling project

SAN FRANCISCO, April 19, 2018 /PRNewswire/ -- Equilon Enterprises LLC, doing business as Shell Oil Products US ("Shell"), and Toyota have been provisionally awarded $8 million by the California Energy Commission (CEC) to develop the first hydrogen-truck refueling station at the Port of Long Beach. 

 (PRNewsfoto/Toyota Motor North America)

The funding, which is contingent upon the approval of the project at an upcoming CEC meeting, forms part of the CEC's Alternative and Renewable Fuel and Vehicle Technology Program, which helps develop hydrogen and electric infrastructure at ports, warehousing and distribution centers in California. 

Shell and Toyota expect the facility to encourage the use of zero-emission hydrogen fuel cell electric trucks in and around Long Beach, one of the world's largest freight hubs.

"This station will help the hydrogen-fueled freight sector to flourish in California," said Oliver Bishop, Hydrogen general manager at Shell.  "Hydrogen offers a promising path for decarbonizing transport, particularly the heavy-duty sector where there are few alternatives to conventional fuel. Shell and Toyota will combine their expertise to deliver an effective alternative fuel for Californian freight."

If approved, Shell will build, own and operate a hydrogen station at the Toyota Logistics Services location at the Port of Long Beach, fueling Toyota's Project Portal heavy-duty fuel cell proof of concept truck and public fleets.

"We greatly appreciate the CEC for recognizing the importance of this breakthrough project at the Ports of Long Beach and Los Angeles," said Craig Scott, Director Advanced Technology Vehicles, Toyota Motor North America. "Toyota continues to demonstrate that fuel cells are one of the most innovative and sustainable technologies for light and heavy-duty vehicle electrification. This initiative with Shell further strengthens our combined commitment to hydrogen as a viable transport fuel and complements our retail station project in Northern California."

Shell will source its hydrogen from Toyota's adjacent Tri-Gen facility, which produces hydrogen from 100 percent renewable biogas. 

The Notice of Proposed Award was issued on April 6. For more information see:  http://www.energy.ca.gov/contracts/GFO-17-603_NOPA.pdf

About Shell
Shell is an integrated energy and petrochemicals company, with an average of 86,000 employees in more than 70 countries. Shell aims to meet the world's growing demand for energy in ways that are economically, environmentally and socially responsible.
Shell is investing in the development of alternative transport fuels including biofuels, liquefied natural gas (LNG), hydrogen and electric mobility.
Shell is taking part in various initiatives to encourage the adoption of hydrogen as a transport fuel. In California, Shell is working alongside Toyota and Honda to expand the hydrogen refueling network. We currently operate two hydrogen fueling stations in Southern California, with seven more planned throughout the state to help push California closer to its goal of 200 hydrogen stations by 2025.
In Germany, Shell is working with the government and industry partners in a cross-sector joint venture, H2 Mobility Germany, to support the development of a nationwide expansion of hydrogen refueling stations.

About Toyota
Toyota (NYSE:TM) has been a part of the cultural fabric in the U.S. and North America for 60 years, and is committed to advancing sustainable, next-generation mobility through our Toyota and Lexus brands. During that time, Toyota has created a tremendous value chain as our teams have contributed to world-class design, engineering, and assembly of more than 36 million cars and trucks in North America, where we operate 14 manufacturing plants (10 in the U.S.) and directly employ more than 47,000 people (more than 37,000 in the U.S.).  Our 1,800 North American dealerships (nearly 1,500 in the U.S.) sold more than 2.7 million cars and trucks (2.4 million in the U.S.) in 2017 – and about 87 percent of all Toyota vehicles sold over the past 15 years are still on the road today.  

Toyota partners with community, civic, academic, and governmental organizations to address our society's most pressing mobility challenges. We share company resources and extensive know-how to support non-profits to help expand their ability to assist more people move more places. For more information about Toyota, visit www.toyotanewsroom.com

Contact for enquiries:

Shell Media Relations:
International +44 207 934 5550
Americas +1 832 337 4355

Toyota Media Relations:
Russ Koble
Toyota Motor North America
[email protected]

Cautionary Note

The companies in which Royal Dutch Shell plc directly and indirectly owns investments are separate legal entities. In this news 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 Royal Dutch Shell plc and 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 news release refer to entities over which Royal Dutch 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.  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.

This news release 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 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 "aim", "ambition', ''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 news 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. No assurance is provided that future dividend payments will match or exceed previous dividend payments.  All forward-looking statements contained in this news 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, 2017 (available at www.shell.com/investor and www.sec.gov ). These risk factors also expressly qualify all forward looking statements contained in this news release and should be considered by the reader.  Each forward-looking statement speaks only as of the date of this news release, 20 April 2018. 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 news release.

We may have used certain terms, such as resources, in this news 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.

 

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SOURCE Toyota Motor North America


Source: PR Newswire (April 19, 2018 - 4:00 PM EDT)

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