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PRNewsWire: Shell Announces $1 Million Research Project to Ohio State University for Clean Hydrogen Technology Research

Last Update: 11:01 AM ET Aug 24, 2006
Warnings with “*” added by ShellNews.net

HOUSTON, Aug 24, 2006 /PRNewswire via COMTEX/ — Shell has awarded a $1 million research project to the Chemical and Biomolecular Engineering department of Ohio State University for research in CO2-Hydrogen membrane separation.

This investment is part of a broader Shell strategy to invest and develop technologies that would benefit the commercialization of hydrogen.

This research examines a novel approach to membrane separation technology used in production of hydrogen from fossil fuels. The benefits of this particular technology are that unlike conventional methods, this process allows separation of pure CO2 at a lower cost. This is essential for economical carbon capture and sequestration, which allows zero-emission production of hydrogen. In addition, this technology may lower the cost of producing hydrogen, bringing it closer to commercialization.

“Shell believes that by funding the efforts of Ohio State’s professor Winston Ho’s team, we can potentially realize a new and viable technology in the Hydrogen field which could accelerate the arrival of hydrogen-based power and transportation solutions,” said Duncan Macleod, Vice President of Shell Hydrogen.

This current project is preceded by two years of preliminary studies conducted by Ohio State University for Shell. Ohio State University has one of the nation’s top Chemical and Biomolecular Engineering departments with extensive expertise in coal/hydrocarbon processing as well as in fuel cells and hydrogen.

Shell Oil Company, including its consolidated companies and its share in equity companies, is one of America’s leading oil and natural gas producers, natural gas marketers, gasoline marketers and petrochemical manufacturers. Shell, a leading oil and gas producer in the deepwater Gulf of Mexico, is a recognized pioneer in oil and gas exploration and production technology. Shell Oil Company is an affiliate of The Shell Group, which operates in over 140 countries and territories employing more than 112,000 people. 
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This document contains forward-looking statements concerning the financial condition, results of operations and businesses of Royal Dutch Shell plc. 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 Report, 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 document. 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 document.
Please refer to the Royal Dutch Shell plc’s Annual Report on Form 20-F for the year ended December 31, 2005 for a description of certain important factors, risks and uncertainties that may affect the Company’s businesses.

Cautionary Note to US Investors (*ROYAL DUTCH SHELL HAS BEEN KNOWN TO DEFRAUD ITS SHAREHOLDERS AND SUPPLY FALSE INFORMATION TO THE SEC):

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 announcement, such as “Estimated oil initially in place” and “probable reserves” 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’s website http://www.sec.gov . You can also obtain these forms from the SEC by calling 1-800-SEC-0330.
SOURCE Shell Hydrogen

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