Shell and Penske announce strategic collaboration to help drive decarbonization and sustainability across sectors
May 28, 2021
Long-term global partners will aim to help their customers achieve sustainability ambitions.
Shell Oil Company, a subsidiary of Royal Dutch Shell plc, Penske Corporation (Penske) and Team Penske, building on more than a decade of working together, today announced a new strategic collaboration. Combining the expertise and relationships of the two companies, the collaboration will aim to offer customers a seamless and integrated solution to help address emissions across multiple touchpoints in their supply chains, from warehouse facilities, vehicle and fleet technologies to sustainable transportation routes, with the initial focus on the USA. With a shared passion for motorsports, Shell and Team Penske, also aim to help to reduce the carbon footprint of the NTT IndyCar SERIES.
“Shell and Penske have a long history of working together across truck leasing, logistics, automotive retail and motorsports. I am proud of the work we have done together and excited to deepen our relationship,” said Huibert Vigeveno, Downstream Director of Shell. “Customers have many choices to make when navigating the challenges and opportunities of decarbonization. Our strategic collaboration will allow us to offer customers more options and integrated solutions for a smoother transition.”
“Over 10 years ago, Shell and Penske Corporation and Team Penske began a business to business, technical and motorsports collaboration. During that time, commercial enterprise has grown significantly between our organizations,” said Roger Penske, Chairman and CEO of Penske Corporation. “Now, by combining Shell’s energy solutions with Penske Logistics and technology expertise, the companies aim to help customers achieve their sustainability goals faster and at a lower cost.”
The strategic collaboration is built on a strong foundation where Shell and Penske have already achieved important results through working together in their own operations. Shell has helped to deliver energy savings at pilot Penske Automotive Group dealer sites and is providing fast chargers to help pilot fully electric heavy-duty trucks. Penske Logistics is delivering substantial optimization benefits in Shell’s lubricants supply chain through fourth-party logistics services.
Since acquiring Indianapolis Motor Speedway in January of 2020, Penske have made several upgrades to the facility that not only enhance the fan experience, but also help reduce the overall carbon footprint of the series. Pennzoil-Quaker State Company, a subsidiary of Shell Oil Company, and Penske aim to work together to help achieve the ambition, starting with reducing the carbon footprint of the race facility and working with the Council for Responsible Sport to certify events.
Shell Media Relations : +1 832 337 4355
Jeremy Troiano, Team Penske PR: +1 (704) 726-6849
About Shell Oil Company
Shell Oil Company is a subsidiary of Royal Dutch Shell plc, with Royal Dutch Shell plc owning, directly and indirectly, investments in a global group of energy and petrochemical companies with operations in more than 70 countries. In the U.S., Shell Oil Company operates in 50 states and employs more than 16,000 people working to help tackle the challenges of the new energy future.
About Shell Motorsports
The Shell downstream organization manages a portfolio of top-quality brands, including the No. 1 selling premium gasoline, Shell V-Power NiTRO+ Premium Gasoline, Shell Nitrogen Enriched Gasolines, and Pennzoil®, the most trusted motor oil brand in America*.
Shell’s motorsports technical alliances around the world provide a testing ground for fuel and lubricant technologies and products in demanding road conditions. The knowledge Shell and Pennzoil gain through these alliances help address tomorrow’s world mobility energy challenge with efficient solutions that power and protect motorists around the globe. http://www.shell.com, http://www.shell.us, http://www.pennzoil.com.
*Kantar, US Motorists Lubricants Tracker, 2013-2020
About Penske Corporation
Penske Corporation is a closely-held, diversified, on-highway, transportation services company whose subsidiaries operate in a variety of industry segments, including retail automotive, truck leasing, transportation logistics and professional motorsports. Penske Corporation manages businesses with consolidated revenues of more than $32 billion, operating in over 3,200 locations and employing more than 56,000 people worldwide.
About Team Penske
Team Penske is one of the most successful teams in the history of professional sports. Cars owned and prepared by Team Penske have produced more than 550 major race wins, over 650 pole positions and 40 Championships across open-wheel, stock car and sports car racing competition. Over the course of its 55-year history, the team has also earned 18 Indianapolis 500 victories, two Daytona 500 Championships, a Formula 1 win, overall victories in the 24 Hours of Daytona and the 12 Hours of Sebring along with a win in Australia’s legendary Bathurst 1000 race. In 2021, Team Penske will compete in the NTT INDYCAR SERIES, the NASCAR Cup Series and the NASCAR Xfinity Series. For more information about Team Penske, please visit www.teampenske.com.
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