{"organism":"Page","children":[{"organism":"Container.Raw","children":[{"organism":"Metadata","model":{"title":"Shell Lubricants to acquire UK-based MIDEL and MIVOLT, strengthening its product portfolio for power and renewables sectors","text":"\u003Cp\u003EShell U.K. Limited has signed an agreement to purchase MIDEL and MIVOLT, two lines of business currently owned by Manchester-based M&I Materials Ltd.\u003C/p\u003E\r\n","links":[{"name":"Shell Lubricants to acquire UK-based MIDEL and MIVOLT, strengthening its product portfolio for power and renewables sectors","value":"https://www.shell.com/business-customers/industrial-lubricants-and-specialty-fluids-for-business/news-and-media-releases/2023/shell-lubricants-to-acquire-uk-based-midel-and-mivolt.html"}],"date":"2023-10-10T09:00:00Z"},"id":"/content/shell/corporate/global/en_gb/business-customers/lubricants-for-business/news-and-media-releases/2023/shell-lubricants-to-acquire-uk-based-midel-and-mivolt/jcr_content/root/metadata"},{"organism":"ContentOwner","model":{},"id":"/content/shell/corporate/global/en_gb/business-customers/lubricants-for-business/news-and-media-releases/2023/shell-lubricants-to-acquire-uk-based-midel-and-mivolt/jcr_content/root/contentowner"},{"organism":"Container.Header","children":[{"organism":"Container.Raw","ref":"https://www.shell.com/_jcr_content/root/header/inherited.model.json","id":"/content/shell/corporate/global/en_gb/business-customers/lubricants-for-business/news-and-media-releases/2023/shell-lubricants-to-acquire-uk-based-midel-and-mivolt/jcr_content/root/header/inherited","model":{}},{"organism":"Breadcrumb","model":{"links":[{"name":"Home","value":"https://www.shell.com/"},{"name":"Business customers","value":"https://www.shell.com/business-customers.html"},{"name":"Shell Lubricants and Specialty Fluids","value":"https://www.shell.com/business-customers/industrial-lubricants-and-specialty-fluids-for-business.html"},{"name":"Media Releases","value":"https://www.shell.com/business-customers/industrial-lubricants-and-specialty-fluids-for-business/news-and-media-releases.html"},{"name":"2023 media releases","value":"https://www.shell.com/business-customers/industrial-lubricants-and-specialty-fluids-for-business/news-and-media-releases/2023.html"},{"name":"Shell Lubricants to acquire UK-based MIDEL and MIVOLT, strengthening its product portfolio for power and renewables sectors","value":"https://www.shell.com/business-customers/industrial-lubricants-and-specialty-fluids-for-business/news-and-media-releases/2023/shell-lubricants-to-acquire-uk-based-midel-and-mivolt.html"}]},"id":"/content/shell/corporate/global/en_gb/business-customers/lubricants-for-business/news-and-media-releases/2023/shell-lubricants-to-acquire-uk-based-midel-and-mivolt/jcr_content/root/header/breadcrumb"}],"id":"/content/shell/corporate/global/en_gb/business-customers/lubricants-for-business/news-and-media-releases/2023/shell-lubricants-to-acquire-uk-based-midel-and-mivolt/jcr_content/root/header","model":{}},{"organism":"Container.Main","children":[{"organism":"Container.Section","children":[{"organism":"PageHeader.Date","color":"brand1","model":{"title":"Shell Lubricants to acquire UK-based MIDEL and MIVOLT, strengthening its product portfolio for power and renewables sectors","text":"\u003Cp\u003EShell U.K. Limited has signed an agreement to purchase MIDEL and MIVOLT, two lines of business currently owned by Manchester-based M&I Materials Ltd.\u003C/p\u003E\r\n","date":"2023-10-10T09:00:00Z"},"id":"/content/shell/corporate/global/en_gb/business-customers/lubricants-for-business/news-and-media-releases/2023/shell-lubricants-to-acquire-uk-based-midel-and-mivolt/jcr_content/root/main/section/item"},{"organism":"PromoSimple.Text","color":"inherited","colspan":8,"id":"/content/shell/corporate/global/en_gb/business-customers/lubricants-for-business/news-and-media-releases/2023/shell-lubricants-to-acquire-uk-based-midel-and-mivolt/jcr_content/root/main/section/text","model":{"text":"\u003Cp\u003EBoosting Shell’s global lubricants portfolio, the acquisition of MIDEL’s premium product range will enable Shell to complement its differentiated position in Transformer Oils used for power distribution, offshore wind parks, utility companies and traction power systems. By adding synthetic and natural ester-based transformer fluids and services to its portfolio, Shell Lubricants aims to deliver improved fire protection and biodegradability to its customers.\u003Cbr\u003E\n\u003C/p\u003E\n\u003Cp\u003EMeanwhile, MIVOLT’s ester-based immersion cooling fluids will support the development of thermally efficient electric vehicle batteries, battery energy storage systems and data centres.\u003C/p\u003E\n\u003Cp\u003EShell’s Executive Vice President for Global Lubricants, Jason Wong said: “The addition of the MIDEL and MIVOLT premium product ranges to our portfolio acknowledges the growing ester fluid market and will help Shell Lubricants meet customer needs in the renewables and power sectors. Most importantly, we expect the outstanding technical knowledge and application expertise of their people will add huge value to Shell Lubricants.”\u003C/p\u003E\n\u003Cp\u003EM&I Materials Ltd Chairman, Colin Salt said: “Ester fluid manufacturing has been a huge part of M&I Materials Ltd for over 45 years and a source of pride for everyone involved in developing this technology which customers in many markets worldwide have come to specify and trust. We want to see the growth potential for both MIDEL and MIVOLT realised and we believe Shell is uniquely positioned to take them forward and on to their next stage of development.”\u003C/p\u003E\n\u003Cp\u003EWhen completed, this acquisition will support Shell Lubricants’ purpose ‘to keep the world progressing today for tomorrow’ by providing world-class fluids and services, as well as e-fluids and e-greases to protect and enhance performance. By bringing higher grade products to customers in the renewable energy and power sectors, this acquisition supports Shell’s Powering Progress strategy, to work with its customers and across sectors to accelerate the transition to net-zero emissions.\u003C/p\u003E\n\u003Cp\u003EFor the purposes of this acquisition, M&I Materials Ltd will carve out its MIDEL and MIVOLT businesses into M&I Materials Development Ltd, which Shell will acquire in full. Subject to regulatory approvals and deal completion, which is expected fourth quarter of 2023, M&I Materials Development Ltd will subsequently be fully owned and operated by Shell. M&I Materials Ltd will continue to operate its other business lines.\u003C/p\u003E\n\u003Ch4\u003ENotes to editors\u003C/h4\u003E\n\u003Cul\u003E\n\u003Cli\u003EThe term “Shell Lubricants” collectively refers to Shell Group companies engaged in the lubricants business. Shell sells a wide variety of lubricants to meet customer needs across a range of applications in over 100 countries. In 2022, Shell was named the leading global supplier of finished lubricants for a 16th consecutive year, according to the 20th edition of Kline & Company’s report Global Lubricants: Market Analysis and Assessment 2021. Please visit www.shell.com/lubricants for more information.\u003C/li\u003E\n\u003Cli\u003EM&I Materials Ltd is an independent British company whose roots can be traced back to 1901. Formerly part of GEC Alsthom, M&I Materials Ltd has been privately owned since a management buyout in 1993 by Colin Salt. M&I Materials Ltd portfolio of brands includes MIDEL (Transformer Fluids), MIVOLT (Dielectric Immersion Fluids), WOLFMET (Tungsten Heavy Alloys), METROSIL (Silicon Carbide overvoltage protection), APIEZON (vacuum greases, sealants and lubricants) and PERFORMANCE BIOLUBRICANTS (Environmentally Acceptable Lubricants).\u003Cbr\u003E\n\u003C/li\u003E\n\u003Cli\u003EMIDEL comprises a range of global leading ester transformer fluids offering environmental benefits and fire protection. Originally developed in the 1970s MIDEL is specified in infrastructure projects around the world, in particular where sustainability is a key decision criteria. MIVOLT, developed in the past decade, comprises a range of dielectric esters developed for use to thermally manage electric applications, such as in electrified transport, in batteries and in data centres.\u003C/li\u003E\n\u003C/ul\u003E\n"}},{"organism":"ListItem","color":"brand1","colspan":4,"id":"/content/shell/corporate/global/en_gb/business-customers/lubricants-for-business/news-and-media-releases/2023/shell-lubricants-to-acquire-uk-based-midel-and-mivolt/jcr_content/root/main/section/list_item_copy","model":{"title":"Enquiries","text":"\u003Cp\u003E\u003Cb\u003EUK / International Media Relations: \u003C/b\u003E+44 20 7934 5550\u003C/p\u003E\r\n\u003Cp\u003E\u003Cb\u003EAmericas Media Relations\u003C/b\u003E: +1 832 337 4355\u003C/p\u003E\r\n\u003Cp\u003E\u003Cb\u003EAsia Pacific Media Relations: \u003Ca href=\"mailto:apac-media@shell.com\"\u003Eapac-media@shell.com\u003C/a\u003E\u003C/b\u003E\u003C/p\u003E\r\n","links":[{"icon":"/content/dam/shell/icons/global/legacy/connectivity-phone.svg"}]}},{"organism":"StandaloneAsset","color":"inherited","colspan":8,"id":"/content/shell/corporate/global/en_gb/business-customers/lubricants-for-business/news-and-media-releases/2023/shell-lubricants-to-acquire-uk-based-midel-and-mivolt/jcr_content/root/main/section/standalone_asset","model":{"title":"Shell Lubricants to acquire UK-based MIDEL and MIVOLT","video":{"src":"https://www.youtube-nocookie.com/embed/odSrFR0Git8?si=-pLDMJV2Vj6a03GC","caption":"Shell Lubricants to acquire UK-based MIDEL and MIVOLT"}}},{"organism":"Container.List","children":[{"organism":"AccordionItem","colspan":7,"id":"/content/shell/corporate/global/en_gb/business-customers/lubricants-for-business/news-and-media-releases/2023/shell-lubricants-to-acquire-uk-based-midel-and-mivolt/jcr_content/root/main/section/list/list_item","model":{"title":"Transcript","text":"\u003Cp\u003E\u003Cb\u003ETitle\u003C/b\u003E: Shell Lubricants to acquire UK-based MIDEL and MIVOLT\u003Cbr\u003E\r\n\u003Cb\u003EDuration\u003C/b\u003E: 02:24\u003C/p\u003E\r\n\r\n\u003Cp\u003E\u003Cb\u003EDescription\u003C/b\u003E: Presentation announcing acquisition of MIDEL and MIVOLT, and introduction of lubricants strategy by Jason Wong, accompanied by stock footage and voice-over\u003C/p\u003E\r\n\r\n\u003Cp\u003ELubricants Strategy film 03 – Acquisitions Film Transcript\u003C/p\u003E\r\n\r\n\u003Cp\u003E[Background music plays]\u003Cbr\u003E\r\nBright, inspirational music playing, melodies inspired by the Shell jingle.\u003C/p\u003E\r\n\r\n\u003Cp\u003E[Graphics]\u003Cbr\u003E\r\nShell logo on a white background\u003C/p\u003E\r\n\r\n\u003Cp\u003E[Video footage]\u003Cbr\u003E\r\nVoxpop of Jason Wong who stands in the middle of the frame, dressed in a suit, a neutral office setting behind him. He talks directly to camera and the camera subtly zooms in on is face as he talks.\u003C/p\u003E\r\n\r\n\u003Cp\u003E[Graphics]\u003Cbr\u003E\r\nAs Jason starts speaking, a small banner appears in the bottom-left of the screen with his name and title: Jason Wong, EVP Global Lubricants, Shell.\u003Cbr\u003E\r\nAs Jason mentions MIDEL and MIVOLT, the companies’ logos appear either side of him, MIDEL to his right MIVOLT to his left.\u003C/p\u003E\r\n\r\n\u003Cp\u003E[Jason Wong]\u003Cbr\u003E\r\nShell Lubricants has signed an agreement to purchase MIDEL and MIVOLT, two businesses currently owned\u003Cbr\u003E\r\nby Manchester-based M&I Materials Ltd.\u003C/p\u003E\r\n\r\n\u003Cp\u003E[Video footage]\u003Cbr\u003E\r\nStock footage: a wide shot of a night-time cityscape. Traffic rushes across a main road in sped-up footage, lit-up skyscrapers in the background. The shot changes to another night-time cityscape, stood next to a busy road, looking along its length as car headlights rush into the distance in sped-up footage.\u003Cbr\u003E\r\nStock footage: Dawn/dusk, looking up at the Shell logo on the awning over a petrol station.\u003Cbr\u003E\r\nStock footage: A man in a high-vis jacket and white hard hat faces away from the camera as he inspects electricity pylons in the distance.\u003Cbr\u003E\r\nStock footage: A man and a woman wearing boiler suits and safety goggles inspect equipment. The woman has a Shell logo on her suit and is explaining something to the man.\u003Cbr\u003E\r\nStock footage: A man wearing a red boiler suit and safety goggles works at a computer.\u003Cbr\u003E\r\nStock footage: A shot looking up at the pylons of a power grid transformer station.\u003C/p\u003E\r\n\r\n\u003Cp\u003E[Female voice-over]\u003Cbr\u003E\r\nBoosting our global lubricants portfolio, the acquisition of MIDEL's product range will enable us to complement our differentiated position in transformer oils.\u003C/p\u003E\r\n\r\n\u003Cp\u003E[Video footage]\u003Cbr\u003E\r\nStock footage: Sunset, a shot looking up at an electricity pylon, the sky in the background.\u003Cbr\u003E\r\nStock footage: Sunset, a wide shot of electricity pylons standing in a field.\u003Cbr\u003E\r\nStock footage: A close-up of the top of a Shell-branded offshore windmill on a sunny day.\u003Cbr\u003E\r\nStock footage: A man in a high-vis jacket and white hard hat faces away from the camera as he inspects large, industrial equipment in the background.\u003Cbr\u003E\r\nStock footage: Looking up at pylons carrying overhead train power lines, rushing past against a blue sky.\u003Cbr\u003E\r\nStock footage: Looking down at the edge of a railway track. The view rushes past as if the camera were attached to the train.\u003C/p\u003E\r\n\r\n\u003Cp\u003E[Female voice-over]\u003Cbr\u003E\r\nThese will be used for power distribution, offshore wind parks, utility companies and traction power systems.\u003C/p\u003E\r\n\r\n\u003Cp\u003E[Video footage]\u003Cbr\u003E\r\nStock footage: A night-time view of an electricity pylon. CGI graphics depict red and blue lights moving along the wires.\u003Cbr\u003E\r\nStock footage: A wide shot of a farm field on a sunny day.\u003C/p\u003E\r\n\r\n\u003Cp\u003E[Female voice-over]\u003Cbr\u003E\r\nThe range will deliver improved fire protection and biodegradability to our customers.\u003C/p\u003E\r\n\r\n\u003Cp\u003E[Video footage]\u003Cbr\u003E\r\nStock footage: A wide shot of a cityscape on a sunny day, the trees of a park in the foreground and skyscrapers in the background.\u003Cbr\u003E\r\nStock footage: Various electrical boxes and panels fixed to the wall of a storage hangar.\u003Cbr\u003E\r\nStock footage: The camera moves down the middle of rows of solar panels and white shipping containers.\u003Cbr\u003E\r\nStock footage: The camera moves through a server room, past rows of glass-fronted cabinets containing the servers.\u003Cbr\u003E\r\nStock footage: An electric car drives past a field of wind farm windmills.\u003Cbr\u003E\r\nStock footage: A hand plugs an electrical vehicle charging plug into the socket on the side of a car.\u003C/p\u003E\r\n\r\n\u003Cp\u003E[Graphics]\u003Cbr\u003E\r\nA CGI a circular power gauge of an electric vehicle fills up to 100%.\u003C/p\u003E\r\n\r\n\u003Cp\u003E[Female voice-over]\u003Cbr\u003E\r\nAnd MIVOLT's ester-based immersion cooling fluids will enhance Shell's thermal fluid management offer for applications including electric vehicles and electric chargers.\u003C/p\u003E\r\n\r\n\u003Cp\u003E[Video footage]\u003Cbr\u003E\r\nVoxpop of Jason Wong who stands in the middle of the frame, dressed in a suit, a neutral office setting behind him. He talks directly to camera.\u003C/p\u003E\r\n\r\n\u003Cp\u003E[Jason Wong]\u003Cbr\u003E\r\nWe've made this acquisition because MIDEL and MIVOLT are operational businesses.\u003C/p\u003E\r\n\r\n\u003Cp\u003E[Video footage]\u003Cbr\u003E\r\nThe camera cuts to a close-up of Jason.\u003C/p\u003E\r\n\r\n\u003Cp\u003E[Jason Wong]\u003Cbr\u003E\r\nThey can hit the ground running as part of our global business and they have strong synergies with our Unstoppable business strategy.\u003C/p\u003E\r\n\r\n\u003Cp\u003E[Video footage]\u003Cbr\u003E\r\nStock footage: A man and a woman wearing high-vis vests and hard hats look at a bank of computer screens. The woman points to one of the screens, explaining something to the man.\u003Cbr\u003E\r\nStock footage: Two men wearing high-vis vests and hard hats walk across the screen, a wind farm windmill in the background. The man on the right is holding a laptop. The man on the left points somewhere off-screen, explaining or describing something.\u003Cbr\u003E\r\nStock footage: wide shot, a camera pans across the pylons and buildings of an electricity generation plant.\u003Cbr\u003E\r\nStock footage: two engineers wearing hard hats stand on a corrugated metal roof covered in solar panels. One of them holds a laptop while the other points off-screen, explaining or describing something.\u003Cbr\u003E\r\nStock footage: an ariel shot looking down at the top of a wind farm windmill in the middle of a field.\u003Cbr\u003E\r\nStock footage: sunrise/sunset, an ariel wide shot of dozens of wind farm windmills spread out across a large field.\u003Cbr\u003E\r\nStock footage: sped-up footage of a large ship, docked in a port and being loaded up with shipping containers by a crane.\u003Cbr\u003E\r\nStock footage: a wide ariel shot of a quarry, trucks driving up the hill.\u003Cbr\u003E\r\nStock footage: a woman in a blue boiler suit and white hard hat inspects the inside of a large, circular piece of equipment.\u003Cbr\u003E\r\nStock footage: an ariel shot looking down on a building site lit up at night-time\u003Cbr\u003E\r\nStock footage: the roof of a red bus is seen driving past the sign outside a Shell petrol station. “Shell Recharge” is written on the sign.\u003Cbr\u003E\r\nStock footage: shot of a Shell Recharge point.\u003Cbr\u003E\r\nStock footage: sped-up footage of cars parked under the awning of a Shell Recharge station.\u003Cbr\u003E\r\nStock footage: the camera focuses on a Shell Recharge point in the background, the handle of the plug connected to a car in the blurred foreground.\u003C/p\u003E\r\n\r\n\u003Cp\u003E[Jason Wong]\u003Cbr\u003E\r\nMIDOL and MIVOLT will deliver higher grade products to customers working in the renewable energy and power sectors and beyond. They will help us grow our market share in the industrial sector and expand our presence in new growth sectors through decarbonisation offers.\u003C/p\u003E\r\n\r\n\u003Cp\u003E[Video footage]\u003Cbr\u003E\r\nVoxpop of Jason Wong who stands in the middle of the frame, dressed in a suit, a neutral office setting behind him. He talks directly to camera and the camera subtly zooms in on is face as he talks. The camera suddenly cuts to a close-up.\u003Cbr\u003E\r\nStock footage: a view looking down on whirring fans and winding pipes of an industrial plant.\u003Cbr\u003E\r\nStock footage: a Shell lorry leaves a depot, driving past the camera.\u003Cbr\u003E\r\nStock footage: a view into a machine assembling the circuit board of a computer.\u003Cbr\u003E\r\nStock footage: the camera moves along a conveyor belt on a production line, mechanical arms moving over the belt.\u003Cbr\u003E\r\nStock footage: a side-on view of a silver car driving along a racetrack.\u003Cbr\u003E\r\nStock footage: a motorbike splashes up water as it drives through a puddle.\u003Cbr\u003E\r\nStock footage: a yellow racecar drives along a racetrack.\u003Cbr\u003E\r\nStock footage: sunrise/sunset, an ariel wide shot of a cliff, looking out to the ocean. A car can be seen driving along the winding road.\u003C/p\u003E\r\n\r\n\u003Cp\u003E[Jason Wong]\u003Cbr\u003E\r\nThey also support Shell's Powering Progress strategy to work with our customers and across sectors to accelerate the transition to net-zero emissions.\u003C/p\u003E\r\n\r\n\u003Cp\u003E[Music fades]\u003C/p\u003E\r\n\r\n\u003Cp\u003E[Background music plays]\u003Cbr\u003E\r\nUpbeat rock music plays.\u003C/p\u003E\r\n\r\n\u003Cp\u003E[Graphics]\u003Cbr\u003E\r\n“Shell Lubricants” against a background of stock footage: a sped-up, ariel shot looking down on a night-time view of a motorway interchange, car headlights rushing along the roads.\u003C/p\u003E\r\n\r\n\u003Cp\u003E[Video footage]\u003Cbr\u003E\r\nStock footage: sped up footage of a nighttime view over a dock next to a river, shipping containers stacked up in different bays.\u003Cbr\u003E\r\nStock footage: sped-up footage of cargo being loaded into an aeroplane.\u003Cbr\u003E\r\nStock footage: sped-up footage looking up; the sun is seen moving across the blue sky between two rows of glass skyscrapers.\u003Cbr\u003E\r\nStock footage: A man wearing safety goggles pours liquid from a jug into an engine using a blue funnel.\u003Cbr\u003E\r\nStock footage: a car drives along a straight road through an arid landscape at sunset.\u003Cbr\u003E\r\nStock footage: wide shot of trucks driving along the road of a quarry. A white, CGI honeycomb pattern lights up the road.\u003Cbr\u003E\r\nStock footage: an ariel shot looking down on a harvester and two tractors harvesting a crop field.\u003Cbr\u003E\r\nCGI footage: oil flows down the inside of a silver pipe.\u003Cbr\u003E\r\nCGI footage: a car chassis drives away from the camera along a road, the body of the car fading in as it gets farther away.\u003Cbr\u003E\r\nStock footage: the camera moves down a row of black computer servers.\u003Cbr\u003E\r\nCGI footage: blue-grey molecules float over a grey-white background.\u003Cbr\u003E\r\nStock footage: A man and a woman sit in front of a computer screen. The woman is holding a small model and is gesturing at it as she talks to the man.\u003Cbr\u003E\r\nCGI footage: an ariel shot looking down on a factory production line, arms of the machinery moving smoothly over the conveyor belt.\u003C/p\u003E\r\n\r\n\u003Cp\u003E[Female voice-over]\u003Cbr\u003E\r\nShell Lubricants aims to keep the world progressing today for tomorrow, from our trusted lubricants for road to products and solutions that industry rely on, with new fluids that the world needs in electric vehicles, data centres and life sciences, and services to make machines run better for longer.\u003C/p\u003E\r\n\r\n\u003Cp\u003E[Video footage]\u003Cbr\u003E\r\nStock footage: a man in a baseball cap handles a red, corrugated, plastic pipe.\u003Cbr\u003E\r\nStock footage: gloved hands are seen attaching a large pipe to machinery.\u003Cbr\u003E\r\nStock footage: a wide shot of black silos stood in an arid, mountainous landscape, a Shell Lubricants tanker parked in front of them.\u003Cbr\u003E\r\nStock footage: a close-up of a pipette placing a liquid on the plate of a microscope.\u003Cbr\u003E\r\nStock footage: a red motorbike drives along a road in a leafy landscape.\u003C/p\u003E\r\n\r\n\u003Cp\u003E[Graphics]\u003Cbr\u003E\r\nThe word “Consumer” pops up from the middle of an engine, into which a jug is pouring lubricant.\u003Cbr\u003E\r\nThe word “Commercial” appears to be printed on the side of a lorry driving through a tunnel across the screen.\u003Cbr\u003E\r\nThe word “Industrial” is dragged along the floor of a warehouse by a crane that sweeps from left to right in sped-up footage.\u003C/p\u003E\r\n\r\n\u003Cp\u003E[Video footage]\u003Cbr\u003E\r\nStock footage: A man and woman in a lab, wearing red boiler suits and safety visors. The man is explaining something to the woman.\u003Cbr\u003E\r\nStock footage: a sped-up ariel view of cars rushing through an intersection in the middle of a city at night.\u003C/p\u003E\r\n\r\n\u003Cp\u003E[Graphics]\u003Cbr\u003E\r\nThe word “Reliable” pops up from between two sets of turning gears.\u003Cbr\u003E\r\nThe word “Efficient” appears in the middle of the screen over stock footage of a warehouse piled high with boxes, a conveyor belt running through the middle.\u003Cbr\u003E\r\nThe word “Sustainable” appears over an ariel view of thick, green woodland. A car is seen driving along a corner of road that peeks out from under the trees.\u003C/p\u003E\r\n\r\n\u003Cp\u003E[Female voice-over]\u003Cbr\u003E\r\nWe supply the right lubricant and fluid solutions for friction and thermal management to our consumer, commercial and industrial customers, supporting the progress of the world in a reliable, efficient and sustainable way.\u003C/p\u003E\r\n\r\n\u003Cp\u003E[Video footage]\u003Cbr\u003E\r\nStock footage: A Shell Lubricants tanker drives along a straight road in an arid landscape, mountains in the background.\u003Cbr\u003E\r\nStock footage: sped-up footage of cars rushing along a motorway, past a dock filled with shipping containers, at night.\u003Cbr\u003E\r\nStock footage: sped-up footage of cars rushing along a main road, past skyscrapers, at dusk/dawn.\u003Cbr\u003E\r\nCGI footage: a night-time view of the globe from space. As it spins, clusters of light stand out on the dark land, indicating large cities.\u003C/p\u003E\r\n\r\n\u003Cp\u003E[Female voiceover]\u003Cbr\u003E\r\nShell Lubricants: keep the world progressing.\u003C/p\u003E\r\n\r\n\u003Cp\u003E[Music ends]\u003C/p\u003E\r\n\r\n\u003Cp\u003E[Graphics]\u003Cbr\u003E\r\nShell logo on a white background\u003C/p\u003E\r\n\r\n\u003Cp\u003E[Background music plays]\u003Cbr\u003E\r\nShell jingle plays.\u003C/p\u003E\r\n\r\n\u003Cp\u003E[Text display]\u003Cbr\u003E\r\nshell.com/lubricants\u003Cbr\u003E\r\n© Shell International Limited 2023\u003C/p\u003E\r\n\r\n\r\n"}}],"id":"/content/shell/corporate/global/en_gb/business-customers/lubricants-for-business/news-and-media-releases/2023/shell-lubricants-to-acquire-uk-based-midel-and-mivolt/jcr_content/root/main/section/list","model":{}},{"organism":"Container.List","children":[{"organism":"AccordionItem","color":"inherited","id":"/content/shell/corporate/global/en_gb/business-customers/lubricants-for-business/news-and-media-releases/2023/shell-lubricants-to-acquire-uk-based-midel-and-mivolt/jcr_content/root/main/section/revealer/revealer_item","model":{"title":"Cautionary note","text":"\u003Cp\u003EThe companies in which Shell plc directly and indirectly owns investments are separate legal entities. In this press release “Shell”, “Shell Group” and “Group” are sometimes used for convenience where references are made to Shell plc and its subsidiaries in general. Likewise, the words “we”, “us” and “our” are also used to refer to Shell plc and its 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 press release refer to entities over which 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. “Joint ventures” and “joint operations” are collectively referred to as “joint arrangements”. 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.\u003C/p\u003E\r\n\u003Cp\u003E\u003Cb\u003EForward-Looking Statements\u003C/b\u003E\u003C/p\u003E\r\n\u003Cp\u003EThis press 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 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 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’’, “milestones”, ‘‘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 Shell and could cause those results to differ materially from those expressed in the forward-looking statements included in this announcement, 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, judicial, 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; (m) risks associated with the impact of pandemics, such as the COVID-19 (coronavirus) outbreak; and (n) 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 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 risk factors that may affect future results are contained in Shell plc’s Form 20-F for the year ended December 31, 2022 (available at \u003Ca href=\"https://www.shell.com/investors.html\"\u003E\u003Cb\u003Ewww.shell.com/investor\u003C/b\u003E\u003C/a\u003E and \u003Ca href=\"https://www.sec.gov/\"\u003E\u003Cb\u003Ewww.sec.gov\u003C/b\u003E\u003C/a\u003E). These risk factors also expressly qualify all forward-looking statements contained in this press release and should be considered by the reader. Each forward-looking statement speaks only as of the date of this announcement, 10 October 2023 . Neither 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 announcement.\u003C/p\u003E\r\n\u003Cp\u003E\u003Cb\u003EShell’s net carbon intensity\u003C/b\u003E\u003C/p\u003E\r\n\u003Cp\u003EAlso, in this press releasewe may refer to Shell’s “Net Carbon Intensity”, which includes Shell’s carbon emissions from the production of our energy products, our suppliers’ carbon emissions in supplying energy for that production and our customers’ carbon emissions associated with their use of the energy products we sell. Shell only controls its own emissions. The use of the term Shell’s “Net Carbon Intensity” is for convenience only and not intended to suggest these emissions are those of Shell plc or its subsidiaries.\u003C/p\u003E\r\n\u003Cp\u003E\u003Cb\u003EShell’s net-Zero Emissions Target\u003C/b\u003E\u003C/p\u003E\r\n\u003Cp\u003EShell’s operating plan, outlook and budgets are forecasted for a ten-year period and are updated every year. They reflect the current economic environment and what we can reasonably expect to see over the next ten years. Accordingly, they reflect our Scope 1, Scope 2 and Net Carbon Intensity (NCI) targets over the next ten years. However, Shell’s operating plans cannot reflect our 2050 net-zero emissions target and 2035 NCI target, as these targets are currently outside our planning period. In the future, as society moves towards net-zero emissions, we expect Shell’s operating plans to reflect this movement. However, if society is not net zero in 2050, as of today, there would be significant risk that Shell may not meet this target.\u003C/p\u003E\r\n\u003Cp\u003E\u003Cb\u003EForward Looking Non-GAAP measures\u003C/b\u003E\u003C/p\u003E\r\n\u003Cp\u003EThis press release may contain certain forward-looking non-GAAP measures such as cash capital expenditure and divestments. We are unable to provide a reconciliation of these forward-looking Non-GAAP measures to the most comparable GAAP financial measures because certain information needed to reconcile those Non-GAAP measures to the most comparable GAAP financial measures is dependent on future events some of which are outside the control of Shell, such as oil and gas prices, interest rates and exchange rates. Moreover, estimating such GAAP measures with the required precision necessary to provide a meaningful reconciliation is extremely difficult and could not be accomplished without unreasonable effort. Non-GAAP measures in respect of future periods which cannot be reconciled to the most comparable GAAP financial measure are calculated in a manner which is consistent with the accounting policies applied in Shell plc’s consolidated financial statements.\u003C/p\u003E\r\n\u003Cp\u003EThe contents of websites referred to in this press release do not form part of this announcement.\u003C/p\u003E\r\n\u003Cp\u003EWe may have used certain terms, such as resources, in this press release that the United States Securities and Exchange Commission (SEC) strictly prohibits us from including in our filings with the SEC. Investors are urged to consider closely the disclosure in our Form 20-F, File No 1-32575, available on the SEC website \u003Ca href=\"https://www.sec.gov/\"\u003E\u003Cb\u003Ewww.sec.gov\u003C/b\u003E\u003C/a\u003E.\u003C/p\u003E\r\n"}}],"id":"/content/shell/corporate/global/en_gb/business-customers/lubricants-for-business/news-and-media-releases/2023/shell-lubricants-to-acquire-uk-based-midel-and-mivolt/jcr_content/root/main/section/revealer","model":{}}],"id":"/content/shell/corporate/global/en_gb/business-customers/lubricants-for-business/news-and-media-releases/2023/shell-lubricants-to-acquire-uk-based-midel-and-mivolt/jcr_content/root/main/section","model":{}},{"organism":"Container.Section","color":"brand1-subtle","children":[{"organism":"Container.Gapless","children":[{"organism":"Container","color":"brand2-subtle","children":[{"organism":"PromoSimple.Text","color":"inherited","id":"/content/experience-fragments/shell/corporate/media/master/jcr_content/root/simple/section_header_13110","model":{"title":"You may also be interested 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Accordingly, neither Shell plc nor any member of the Shell Group endorses, adopts, certifies or otherwise validates the information and material contained on the linked website. 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