{"organism":"Page","children":[{"organism":"Container.Raw","children":[{"organism":"Metadata","model":{"title":"Following the Northern Lights: inside a pioneering project","text":"Innovation and collaboration created the world’s first commercial carbon transport and storage service in Norway. So how does it work?","links":[{"name":"Following the Northern Lights: inside a pioneering project","value":"https://www.shell.com/news-and-insights/our-stories/following-the-northern-lights-inside-a-pioneering-project.html"}],"image":{"src":"https://www.shell.com/news-and-insights/our-stories/following-the-northern-lights-inside-a-pioneering-project/_jcr_content/root/metadata.shellimg.jpeg/1755796615748/northern-lights-engineering-manager.jpeg","alt":"Northern lights engineering manager","width":6896,"height":3905},"date":"2025-08-25T12:30:00Z","tags":[{"name":"Energy transition","value":"shell:components/filter-container/topic/energy-transition"},{"name":"Technology and innovation","value":"shell:components/filter-container/topic/technology-and-innovation"}]},"id":"/content/shell/corporate/global/en_gb/news-and-insights/our-stories/following-the-northern-lights-inside-a-pioneering-project/jcr_content/root/metadata"},{"organism":"ContentOwner","model":{},"id":"/content/shell/corporate/global/en_gb/news-and-insights/our-stories/following-the-northern-lights-inside-a-pioneering-project/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/news-and-insights/our-stories/following-the-northern-lights-inside-a-pioneering-project/jcr_content/root/header/inherited","model":{}},{"organism":"Breadcrumb","model":{"links":[{"name":"Home","value":"https://www.shell.com/"},{"name":"News and insights","value":"https://www.shell.com/news-and-insights.html"},{"name":"Our stories","value":"https://www.shell.com/news-and-insights/our-stories.html"},{"name":"Following the Northern Lights: inside a pioneering project","value":"https://www.shell.com/news-and-insights/our-stories/following-the-northern-lights-inside-a-pioneering-project.html"}]},"id":"/content/shell/corporate/global/en_gb/news-and-insights/our-stories/following-the-northern-lights-inside-a-pioneering-project/jcr_content/root/header/breadcrumb"}],"id":"/content/shell/corporate/global/en_gb/news-and-insights/our-stories/following-the-northern-lights-inside-a-pioneering-project/jcr_content/root/header","model":{}},{"organism":"Container.Main","children":[{"organism":"Container.Section","children":[{"organism":"PageHeaderBanner","color":"semitransparent","model":{"title":"Following the Northern Lights: inside a pioneering project","text":"\u003Cp\u003EInnovation and collaboration created the world’s first commercial carbon transport and storage service in Norway. So how does it work?\u003C/p\u003E\r\n\r\n\r\n\r\n\r\n\r\n\r\n","image":{"src":"https://www.shell.com/news-and-insights/our-stories/following-the-northern-lights-inside-a-pioneering-project/_jcr_content/root/main/section/page_header.shellimg.jpeg/1755794020530/northern-lights-engineering-manager.jpeg","alt":"Northern lights engineering manager","width":6995,"height":3063},"date":"2025-08-25T12:30:00Z"},"id":"/content/shell/corporate/global/en_gb/news-and-insights/our-stories/following-the-northern-lights-inside-a-pioneering-project/jcr_content/root/main/section/page_header"},{"organism":"Author.Bio","color":"brand1","id":"/content/shell/corporate/global/en_gb/news-and-insights/our-stories/following-the-northern-lights-inside-a-pioneering-project/jcr_content/root/main/section/author_copy_copy","model":{"text":"\u003Cp\u003E\u003Ci\u003EOn August 25, 2025\u003C/i\u003E\u003C/p\u003E\r\n\r\n\r\n\r\n\r\n","links":[{"name":"By Chris White"}],"image":{"src":"https://www.shell.com/news-and-insights/our-stories/following-the-northern-lights-inside-a-pioneering-project/_jcr_content/root/main/section/author_copy_copy.shellimg.png/1756020256716/chris-white.png","alt":"Chris White","width":3840,"height":3840}}},{"organism":"PromoSimple.Text","color":"inherited","id":"/content/shell/corporate/global/en_gb/news-and-insights/our-stories/following-the-northern-lights-inside-a-pioneering-project/jcr_content/root/main/section/text","model":{"text":"\u003Cp\u003EAt the remote Energiparken industrial hub in Øygarden on Norway’s rugged west coast, under skies that can stay light for 18 hours a day and where orcas and sea eagles can be spotted, a revolution is underway. In August, Northern Lights, the world’s first cross-border commercial carbon transport and storage service, injected carbon dioxide (CO\u003Csub\u003E2\u003C/sub\u003E) collected from a cement factory 450 kilometres away into an aquifer beneath the North Sea for the first time.\u003C/p\u003E\r\n\u003Cp\u003ENorthern Lights is a key part of Longship, the Norwegian government’s flagship carbon capture and storage (CCS) initiative and Europe’s first end-to-end CCS project. “Northern Lights marks the beginning of a new era in industrial decarbonisation and sets an exciting precedent for open-access carbon storage in Europe,” says Aksel Plener, an Operations Manager seconded from Shell to Northen Lights JV, a company owned by Shell, Equinor, and TotalEnergies.\u003C/p\u003E\r\n\u003Cp\u003EMost climate scientists recognise that the world needs CCS projects like Northern Lights if society is to achieve net-zero emissions. According to the International Energy Agency, CCS is especially important for cutting emissions from carbon-intensive heavy industries like cement and steel. For Shell, which is working to unlock the potential of CCS to help decarbonise its own operations as well as those of its customers, projects like Northern Lights play an important part in its strategy to deliver more value with less emissions.\u003C/p\u003E\r\n\u003Cp\u003ESo how does this pioneering project work?\u003C/p\u003E\r\n"}}],"id":"/content/shell/corporate/global/en_gb/news-and-insights/our-stories/following-the-northern-lights-inside-a-pioneering-project/jcr_content/root/main/section","model":{}},{"organism":"Container.Section","color":"brand1-subtle","children":[{"organism":"ImageGallery","colspan":8,"colstart":3,"children":[{"organism":"StandaloneAsset","color":"brand1","id":"/content/shell/corporate/global/en_gb/news-and-insights/our-stories/following-the-northern-lights-inside-a-pioneering-project/jcr_content/root/main/section_1430973441_c/gallery/standalone_asset_cop_556352881","model":{"image":{"src":"https://www.shell.com/news-and-insights/our-stories/following-the-northern-lights-inside-a-pioneering-project/_jcr_content/root/main/section_1430973441_c/gallery/standalone_asset_cop_556352881.shellimg.jpeg/1755793814503/heidelberg-materials-cement-factory.jpeg","caption":"The pipe at the Heidelberg Materials’ cement factory that carries the CO₂ to the quayside ready for transport. (Credit: Heidelberg Materials/Dag Jenssen)","alt":"The pipe at the Heidelberg Materials’ cement factory that carries the CO₂ to the quayside ready for transport. (Credit: Heidelberg Materials/Dag Jenssen)","width":6400,"height":4800}}},{"organism":"StandaloneAsset","color":"brand1","id":"/content/shell/corporate/global/en_gb/news-and-insights/our-stories/following-the-northern-lights-inside-a-pioneering-project/jcr_content/root/main/section_1430973441_c/gallery/standalone_asset_cop_775471134","model":{"image":{"src":"https://www.shell.com/news-and-insights/our-stories/following-the-northern-lights-inside-a-pioneering-project/_jcr_content/root/main/section_1430973441_c/gallery/standalone_asset_cop_775471134.shellimg.png/1756032878713/heidelberg.png","caption":"A worker at the Heidelberg Materials' cement plant. (Credit: Heidelberg Materials/Dag Jenssen)","alt":"A worker at the Heidelberg Materials' cement plant. (Credit: Heidelberg Materials/Dag Jenssen)","width":3834,"height":2157}}},{"organism":"StandaloneAsset","color":"brand1","id":"/content/shell/corporate/global/en_gb/news-and-insights/our-stories/following-the-northern-lights-inside-a-pioneering-project/jcr_content/root/main/section_1430973441_c/gallery/standalone_asset_cop","model":{"image":{"src":"https://www.shell.com/news-and-insights/our-stories/following-the-northern-lights-inside-a-pioneering-project/_jcr_content/root/main/section_1430973441_c/gallery/standalone_asset_cop.shellimg.png/1756029542353/co-2-ship.png","caption":"The Northern Lights terminal where the CO₂  is received by ship ready for storage.","alt":"The Northern Lights terminal where the CO₂  is received by ship ready for storage.","width":3834,"height":2157}}},{"organism":"StandaloneAsset","color":"brand1","id":"/content/shell/corporate/global/en_gb/news-and-insights/our-stories/following-the-northern-lights-inside-a-pioneering-project/jcr_content/root/main/section_1430973441_c/gallery/standalone_asset_cop_377177112","model":{"image":{"src":"https://www.shell.com/news-and-insights/our-stories/following-the-northern-lights-inside-a-pioneering-project/_jcr_content/root/main/section_1430973441_c/gallery/standalone_asset_cop_377177112.shellimg.jpeg/1755794133777/northern-lights-system-engineering-manager.jpeg","caption":"Heidi Fjellvang, Northern Lights’ System Engineering Manager, with the tanks that store the CO₂ at the terminal.","alt":"Heidi Fjellvang, Northern Lights’ System Engineering Manager, with the tanks that store the CO₂ at the terminal.","width":7000,"height":4667}}},{"organism":"StandaloneAsset","color":"brand1","id":"/content/shell/corporate/global/en_gb/news-and-insights/our-stories/following-the-northern-lights-inside-a-pioneering-project/jcr_content/root/main/section_1430973441_c/gallery/standalone_asset_cop_1515199448","model":{"image":{"src":"https://www.shell.com/news-and-insights/our-stories/following-the-northern-lights-inside-a-pioneering-project/_jcr_content/root/main/section_1430973441_c/gallery/standalone_asset_cop_1515199448.shellimg.jpeg/1755794212433/aksel-system-engineering-manager.jpeg","caption":"Aksel Plener, Operations Manager at Northen Lights, walks alongside the pipes that carry the CO₂ from the storage tanks to the subsea pipeline.","alt":"Aksel Plener, Operations Manager at Northen Lights, walks alongside the pipes that carry the CO₂ from the storage tanks to the subsea pipeline.","width":7000,"height":4667}}}],"id":"/content/shell/corporate/global/en_gb/news-and-insights/our-stories/following-the-northern-lights-inside-a-pioneering-project/jcr_content/root/main/section_1430973441_c/gallery","model":{}}],"id":"/content/shell/corporate/global/en_gb/news-and-insights/our-stories/following-the-northern-lights-inside-a-pioneering-project/jcr_content/root/main/section_1430973441_c","model":{"title":"Photo gallery"}},{"organism":"Container.Section","children":[{"organism":"PromoSimple.Text","color":"inherited","id":"/content/shell/corporate/global/en_gb/news-and-insights/our-stories/following-the-northern-lights-inside-a-pioneering-project/jcr_content/root/main/section_1413204340/text_1394872208","model":{"title":"Capturing the CO₂","text":"\u003Cp\u003EHeidelberg Materials will capture around 400,000 tonnes of CO\u003Csub style=\"font-weight: normal;\"\u003E2 \u003C/sub\u003E\u003Cspan style=\"font-weight: normal;\"\u003Eevery year from its cement factory in Brevik, two hours south of Oslo. That is around half the plant’s total emissions and equivalent to the CO\u003C/span\u003E\u003Csub style=\"font-weight: normal;\"\u003E2 \u003C/sub\u003E\u003Cspan style=\"font-weight: normal;\"\u003Eemissions per passenger for around 150,000 round-trip flights between Frankfurt and New York, according to Heidelberg Materials.\u003C/span\u003E\u003C/p\u003E\n\u003Cp\u003EHigh above the factory floor, limestone is heated in a massive rotating steel kiln which reaches a blistering 1,450°C. This transforms the limestone and leaves behind clinker, which is used to make cement. Inside a 103-metre-tall absorber tower, a chemical called amine, which has a strong affinity for CO\u003Csub\u003E2\u003C/sub\u003E, is injected into the flue gas from the kiln. The CO\u003Csub\u003E2 \u003C/sub\u003Ebinds with the amine, and is separated as a gas, before being liquefied and pumped into storage tanks on the quayside ready for transport.\u003C/p\u003E\n\u003Ch3\u003EShipping the CO₂\u003C/h3\u003E\n\u003Cp\u003ETo transport the CO\u003Csub\u003E2\u003C/sub\u003E to Øygarden, Shell engineers have led the design of two vessels, with more in development. Among the largest liquefied-carbon carriers in the world, they are each capable of transporting 7,500 cubic metres of CO\u003Csub\u003E2\u003C/sub\u003E in a single voyage, enough to fill three Olympic-sized swimming pools. The 130-metre-long Northern Pathfinder and Northern Pioneer vessels dock at the cement factory to load captured CO\u003Csub\u003E2\u003C/sub\u003E before making the 36-hour journey to the Northern Lights terminal.\u003C/p\u003E\n\u003Cp\u003EThe ships run mainly on liquefied natural gas (LNG) and use wind-assisted rotor sails – motorised spinning cylinders that harness wind power to help propel the ship forward. An air lubrication system makes the ships more efficient by releasing bubbles along the hulls, which reduces friction with the water. These features can reduce the carbon intensity of the vessels by about 34% compared with conventional ships.\u003C/p\u003E\n"}},{"organism":"StandaloneAsset","color":"inherited","colspan":8,"colstart":3,"id":"/content/shell/corporate/global/en_gb/news-and-insights/our-stories/following-the-northern-lights-inside-a-pioneering-project/jcr_content/root/main/section_1413204340/standalone_asset","model":{"image":{"src":"https://www.shell.com/news-and-insights/our-stories/following-the-northern-lights-inside-a-pioneering-project/_jcr_content/root/main/section_1413204340/standalone_asset.shellimg.svg/1757064055233/shell-northern-lights-co--transport-and-storage-map.svg","alt":"The Northern Lights terminal in Norway will receive liquefied carbon dioxide (CO₂) from customers across Europe, including the Heidelburg Materials cement factory in Norway (3), the Hafslund Celsio waste-to-heat plant (4) and the Stockholm Exergi biomass plant in Sweden (5), Ørsted biomass power plants in Denmark (6), and the Yara ammonia plant in the Netherlands (7). The CO₂ will then be pumped through a 110-kilometre pipeline out into the North Sea and safely stored."}}},{"organism":"PromoSimple.Text","color":"brand1-subtle","colspan":8,"colstart":3,"id":"/content/shell/corporate/global/en_gb/news-and-insights/our-stories/following-the-northern-lights-inside-a-pioneering-project/jcr_content/root/main/section_1413204340/text","model":{"text":"\u003Cp\u003EThe Northern Lights terminal in Norway will receive liquefied carbon dioxide (CO₂) from customers across Europe, including the Heidelburg Materials cement factory \u003Cb\u003E(3)\u003C/b\u003E and the Hafslund Celsio waste-to-heat plant \u003Cb\u003E(4)\u003C/b\u003E in Norway, the Stockholm Exergi biomass plant in Sweden\u003Cb\u003E (5)\u003C/b\u003E, Ørsted biomass power plants in Denmark through the Ørsted Kalundborg CO₂ Hub \u003Cb\u003E(6)\u003C/b\u003E, and the Yara ammonia plant in the Netherlands \u003Cb\u003E(7)\u003C/b\u003E. The CO₂ will then be pumped through a 110-kilometre pipeline out into the North Sea and safely stored.\u003C/p\u003E\r\n"}},{"organism":"PromoSimple.Text","color":"inherited","id":"/content/shell/corporate/global/en_gb/news-and-insights/our-stories/following-the-northern-lights-inside-a-pioneering-project/jcr_content/root/main/section_1413204340/text_1595545991","model":{"text":"\u003Ch3\u003EStoring the CO₂\u003C/h3\u003E\r\n\u003Cp\u003EAt the Northern Lights terminal, the liquefied CO\u003Csub\u003E2\u003C/sub\u003E is transferred from the ships into a dozen tanks before being pumped through a 110-kilometre subsea pipeline that winds its way through a fjord and out into the North Sea. It is then safely stored in an aquifer that lies beneath 330 metres of seawater and 2,600 metres of seabed. “This deep geological formation acts as a natural vault, ensuring that the captured CO\u003Csub\u003E2 \u003C/sub\u003Eremains locked away, with the stored CO\u003Csub\u003E2 \u003C/sub\u003Emonitored in real-time,” says Heidi Fjellvang, Northern Lights’ System Engineering Manager.\u003C/p\u003E\r\n\u003Cp\u003EAs well as from Heidelberg Materials’ cement factory in Brevik, from 2026, the first phase of Northern Lights is expected to collect CO\u003Csub\u003E2\u003C/sub\u003E from an ammonia plant in the Netherlands belonging to crop nutrition company Yara, and from biomass power plants operated by Danish renewable-energy company Ørsted. From 2029, Northern Lights is also expected to collect CO\u003Csub\u003E2\u003C/sub\u003E from Hafslund Celsio’s waste-to-heat plant at Klemetsrud in Norway, according to Hafslund Celsio.\u003C/p\u003E\r\n\u003Cp\u003EUnder phase two expansion plans expected to be completed in 2028, Northern Lights will scale up its own transport and storage capacity to at least 5 million tonnes of CO\u003Csub\u003E2\u003C/sub\u003E annually – equivalent to the annual emissions of over 1 million cars – with Swedish energy provider Stockholm Exergi already signed up for the transportation and storage of up to 900,000 tonnes of CO\u003Csub\u003E2\u003C/sub\u003E annually from 2028.\u003C/p\u003E\r\n\u003Cp\u003EWith its flexible, ship-based model, Northern Lights is uniquely positioned to serve a growing network of customers across Europe. “Provided there is a jetty and storage tanks,” says Heidi, “we can go anywhere to pick up CO\u003Csub\u003E2\u003C/sub\u003E, and transport and then store it.”\u003C/p\u003E\r\n"}},{"organism":"PromoLure","color":"brand1-subtle","colspan":10,"colstart":2,"id":"/content/shell/corporate/global/en_gb/news-and-insights/our-stories/following-the-northern-lights-inside-a-pioneering-project/jcr_content/root/main/section_1413204340/promo","model":{"title":"The Energy Podcast explores CCS","text":"\u003Cp\u003ETwo new episodes take you inside carbon capture and storage: Shell’s Vice-President for CCS, Bernhard Koudelka, on its role in decarbonising heavy industry and the challenges of scaling up, and Lise Winther from Yara – a Northern Lights customer – on how this pioneering project works and what it takes to build confidence in long-term carbon storage infrastructure. Listen wherever you get your podcasts or watch on YouTube.\u003C/p\u003E\r\n\r\n\r\n","links":[{"name":"What’s next for carbon capture and storage technology?","value":"https://www.youtube.com/watch?v=q5e4x-kiJEw"},{"name":"What it takes to store CO2 under the seabed","value":"https://www.youtube.com/watch?v=EGsQQXNcdKs&feature=youtu.be"}],"image":{"src":"https://www.shell.com/news-and-insights/our-stories/following-the-northern-lights-inside-a-pioneering-project/_jcr_content/root/main/section_1413204340/promo.shellimg.jpeg/1756365727402/the-energy-podcast-lock-up-promo.jpeg","alt":"The energy Podcast from Shell lockup","width":3840,"height":2160}}},{"organism":"PromoSimple.Text","color":"brand1-subtle","id":"/content/shell/corporate/global/en_gb/news-and-insights/our-stories/following-the-northern-lights-inside-a-pioneering-project/jcr_content/root/main/section_1413204340/text_1926762552","model":{"text":"\r\n\u003Cp\u003EIn 2024, 78.2% of Shell's global investments included oil & gas, 11.37% included low-carbon energy solutions and 10.43% non-energy products. Shell's target is to become a net-zero emissions (NZE) business by 2050. Disclaimers, including NZE target: \u003Ca href=\"https://www.shell.com/investors/disclaimer-and-cautionary-note.html\" target=\"_self\"\u003Eshell.com/disclaimer\u003C/a\u003E\u003C/p\u003E\r\n\r\n\r\n"}},{"organism":"Container.List","children":[{"organism":"AccordionItem","color":"inherited","id":"/content/shell/corporate/global/en_gb/news-and-insights/our-stories/following-the-northern-lights-inside-a-pioneering-project/jcr_content/root/main/section_1413204340/list/list_item","model":{"title":"Cautionary note","text":"\u003Cp\u003EThe companies in which Shell plc directly and indirectly owns investments are separate legal entities. In this content “Shell”, “Shell Group” and “Group” are sometimes used for convenience to reference 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 content refer to entities over which Shell plc either directly or indirectly has control. The terms “joint venture”, “joint operations”, “joint arrangements”, and “associates” may also be used to refer to a commercial arrangement in which Shell has a direct or indirect ownership interest with one or more parties. 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 content 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’’; “aspire”, “aspiration”, ‘‘believe’’; “commit”; “commitment”; ‘‘could’’; “desire”; ‘‘estimate’’; ‘‘expect’’; ‘‘goals’’; ‘‘intend’’; ‘‘may’’; “milestones”; ‘‘objectives’’; ‘‘outlook’’; ‘‘plan’’; ‘‘probably’’; ‘‘project’’; ‘‘risks’’; “schedule”; ‘‘seek’’; ‘‘should’’; ‘‘target’’; “vision”; ‘‘will’’; “would” 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 content, 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, including climate change; (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 tariffs and 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, regional conflicts, such as the Russia-Ukraine war and the conflict in the Middle East, and a significant cyber security, data privacy or IT incident; (n) the pace of the energy transition; and (o) 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 content 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 and amendment thereto for the year ended December 31, 2024 (available at \u003Ca href=\"https://www.shell.com/investors/news-and-filings/sec-filings.html\" target=\"_self\"\u003Ewww.shell.com/investors/news-and-filings/sec-filings.html\u003C/a\u003E and \u003Ca href=\"http://www.sec.gov/\" target=\"_blank\"\u003Ewww.sec.gov\u003C/a\u003E). These risk factors also expressly qualify all forward-looking statements contained in this content\u003Cb\u003E \u003C/b\u003Eand should be considered by the reader. Each forward-looking statement speaks only as of the date of this content. 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 content.\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 conent\u003Cb\u003E \u003C/b\u003Ewe may refer to Shell’s “net carbon intensity” (NCI), 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’s NCI also includes the emissions associated with the production and use of energy products produced by others which Shell purchases for resale. Shell only controls its own emissions. The use of the terms Shell’s “net carbon intensity” or NCI 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 and outlook are forecasted for a three-year period and ten-year period, respectively, and are updated every year. They reflect the current economic environment and what we can reasonably expect to see over the next three and ten years. Accordingly, the outlook reflects our Scope 1, Scope 2 and NCI targets over the next ten years. However, Shell’s operating plan and outlook cannot reflect our 2050 net-zero emissions target, as this target is outside our planning period. 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