Shell and St. Paul’s Hospital Leading the Charge for Low-Carbon Innovations in Hong Kong’s Healthcare Sector

Pioneering Hospital in the City Implements Renewable Diesel Blend R33, Achieving Up to 30% Reduction in Lifecycle CO2e Emissions

HONG KONG SAR – Media OutReach Newswire – 18 June 2026 – On Tuesday, Shell Hong Kong Limited (Shell) and St. Paul’s Hospital marked their commitment to sustainability by launching the “Shell x St. Paul’s Hospital – Integrated Decarbonisation Solutions Kick-off Ceremony.” Shell, recognized as a leading supplier of biofuels, has been promoting renewable diesel as a lower-carbon energy alternative. St. Paul’s Hospital is the first hospital in Hong Kong to utilize Shell’s Renewable Diesel Blend R33¹ in its boiler system. This shift was achieved without any modifications to current equipment and allows for a lifecycle CO₂e emissions reduction of up to 30%² compared to EN 590 B0 diesel⁴. In addition, the hospital has installed Shell Recharge electric vehicle charging stations and joined Shell’s CO₂ Compensation Programme, emphasizing its dedication to low-carbon initiatives.

First Hospital in Hong Kong: Embracing Renewable Diesel for Boiler Operations

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Shell is committed to “Power Progress Together,” collaborating with partners to deliver energy solutions that meet today’s requirements while building a sustainable energy future. With Shell’s assistance, St. Paul’s Hospital is the first institution in Hong Kong to adopt Shell Renewable Diesel Blend R33¹ for its boiler system.

Renewable Diesel: Promoting Value Chain Decarbonisation for Businesses

To address St. Paul’s Hospital’s need for a reliable low-carbon energy source, Shell introduced Renewable Diesel Blend R33¹. This innovative fuel results in a lifecycle CO₂e emissions reduction of up to 30%² compared to EN 590 B0 diesel⁴, helping the hospital decrease its value chain emissions and achieve its Scope 1 and Scope 2 targets.

Compatible with Conventional Diesel Equipment

The introduction of Shell Renewable Diesel marks a significant step in Shell’s support of Hong Kong’s energy transition. Mr. Dick Chan, General Manager of Shell Commercial Fuels – Hong Kong and Macau, stated: “We are proud to see St. Paul’s Hospital emerge as a low-carbon champion within Hong Kong’s healthcare sector, being the first to adopt Shell Renewable Diesel Blend R33¹. This reflects our joint commitment across energy and healthcare towards a sustainable future.”

Adopting sustainable low-carbon energy solutions can often pose challenges for businesses, including capital investment, equipment compatibility, and operational impacts. Shell Renewable Diesel seamlessly integrates with existing diesel boilers or engines and can be utilized as a direct replacement without the need for modifications or new equipment⁵, helping businesses lower both costs and emissions. It also reduces regulated air pollutants⁶, making it appropriate for various sectors including construction, transportation, logistics, industrial operations, and healthcare.

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Comprehensive Technical Support for a Smooth Transition

A hospital’s boiler system is essential for daily functions, supplying hot water and steam required for heating, wards, operating theatres, laundry, and sterilization. Any interruptions in boiler operations can significantly disrupt hospital activities. Consequently, St. Paul’s Hospital prioritizes the reliability of its fuel supply. The conversion to Shell Renewable Diesel Blend R33¹ required no alterations to the hospital’s existing boiler system. To aid this transition, Shell provided technical support and conducted comprehensive inspections of the boiler system to guarantee safe and reliable operations.

Mr. Gilbert Lee, General Manager of St. Paul’s Hospital, shared his enthusiasm for this collaboration: “The significance of renewable energy as a future focus aligns with global trends towards low carbon and environmental sustainability. Moving forward, St. Paul’s Hospital will continue to collaborate across sectors to implement effective low-carbon strategies, contributing to a more sustainable and healthier future for our hospital and the community.”

Progressing Low-Carbon Operations for a Sustainable Future
In addition, St. Paul’s Hospital is advancing low-carbon operations through its partnership with Shell, utilizing a holistic approach to create a low-carbon energy ecosystem. This includes installing two 50kW Shell Recharge fast-charging stations in the hospital’s parking area, providing visitors and staff with an environmentally friendly and convenient energy solution. Simultaneously, the hospital has adopted low-carbon fuel strategies and actively participates in Shell’s CO₂ Compensation Programme, supporting verified environmental, technological, and waste management initiatives. These efforts help offset unavoidable carbon emissions from daily activities while fostering sustainable growth in the communities involved.

Collectively, these initiatives enhance the hospital’s sustainability performance and inspire the healthcare sector to pursue low-carbon operational frameworks, promoting a healthier and more sustainable future.

Shell will continue collaborating with St. Paul’s Hospital and other partners to advance practical low-carbon solutions, supporting Hong Kong’s aim of achieving carbon neutrality by 2050 and fostering a sustainable environment for future generations.

Notes:

1. Shell Renewable Diesel Blend R33 contains up to 33% ISCC-certified renewable components.
2. Reduction in CO₂e between 27% and 30%. CO₂e (carbon dioxide equivalent) encompasses CO₂, CH₄, and N₂O emissions.
3. The lifecycle assessment of a product’s CO₂e emissions includes emissions from feedstock production, transportation, fuel production, transport, distribution, and combustion.
4. Calculated by comparing to a GHG baseline intensity of 92g CO₂e/MJ on a Well-to-Wheel basis, reflective of an EN590 B0 diesel, based on emission factors from JEC Well-to-Tank report v5 and internal Shell analyses.
5. When transitioning from diesel. Based on Shell’s operational insights and current market perspectives. Vehicle manuals and/or labels at the fuel tank should be reviewed for OEM approval. Not applicable for passenger vehicles.
6. Actual results and benefits may differ based on vehicle type, condition, and driving style. Compared to EN590 B0 diesel. Not applicable for passenger vehicles. Tailpipe emissions reductions may be limited in vehicles equipped with advanced exhaust after-treatment systems.
7. Reduction in CO₂e between 80% and 90%. CO₂e (carbon dioxide equivalent) incorporates CO₂, CH₄, and N₂O emissions.

Cautionary Note

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Forward-Looking Statements

This content includes forward-looking statements as defined by the U.S. Private Securities Litigation Reform Act of 1995, relating to Shell’s financial status, operational outcomes, and business forecasts. Any statements that do not describe historical facts may be considered forward-looking. These declarations reflect management’s current beliefs and projections, involving known and unknown risks and uncertainties that may result in substantial deviations from the projected outcomes or performances. Such forward-looking statements often utilize terms like “aim,” “ambition,” “anticipate,” “believe,” “commit,” “estimate,” “expect,” “goal,” “intend,” “project,” “should,” “target,” “vision,” “will,” and similar phrases. Numerous factors could impact Shell’s future operations and lead to variations from expressed forward-looking statements, including (but not limited to): (a) fluctuations in crude oil and natural gas prices; (b) changes in demand for Shell’s products; (c) currency exchange rate variations; (d) drilling and production results; (e) reserve evaluations; (f) market competition and share loss; (g) environmental risks, including climate change; (h) challenges in securing acquisition opportunities and formulating agreements; (i) risks associated with operating in developing nations or regions under international sanctions; (j) legislative changes, litigation, taxes, and regulations, including those concerning climate change; (k) economic conditions in various regions; (l) political risks, including contract renegotiation uncertainties; (m) effects from pandemics, regional conflicts, and cyber incidents; (n) pace of energy transition; and (o) changes in trading conditions. There is no assurance that future dividend payments will align with or exceed past distributions. All forward-looking statements are fully qualified by the cautionary points in this section. Readers should not place undue reliance on these forward-looking declarations. Additional risk factors likely to affect future performance are detailed in Shell plc’s Form 20-F for the year ending 31 December 2025 (accessible at www.shell.com/investors/news-and-filings/sec-filings.html and www.sec.gov). These risk factors also qualify all forward-looking statements herein and must be taken into account by the reader. Each forward-looking statement reflects the status as of the date of this content, and neither Shell plc nor its subsidiaries hold any responsibility to publicly amend or revise these statements due to new information, events, or otherwise. Given these risks, actual outcomes may vary significantly from those stated, suggested, or implied in the forward-looking statements here.

Shell’s Net Carbon Intensity

Within this document, we may refer to Shell’s “net carbon intensity” (NCI), which encompasses Shell’s carbon emissions related to energy production, along with emissions from suppliers involved in energy production and customer emissions related to the utilization of Shell’s energy products. This also includes emissions from energy products produced by others for resale by Shell. Shell can only manage its own emissions. The term “net carbon intensity” or NCI is used for convenience and does not indicate these emissions are attributable to Shell plc or its subsidiaries.

Shell’s Net-Zero Emissions Objective

Shell’s operational strategy and outlook are formulated for three and ten-year intervals, respectively, and updated annually to reflect the prevailing market conditions and anticipated developments throughout those times. As such, they include our joint Scope 1 and 2 targets, NCI goals, and oil product strategies for the decade ahead. However, Shell’s long-term net-zero emissions goal, set for 2050, surpasses this planning timeline. Future initiatives may involve modifications to our portfolio, improvements in efficiency, and the application of carbon capture and storage technologies. As society progresses towards net-zero emissions, we anticipate our directives will align with these efforts. Nonetheless, if society fails to achieve net-zero by 2050, significant risks could arise regarding Shell’s ability to meet this goal.

Forward-Looking Non-GAAP Metrics

This content may contain certain forward-looking non-GAAP measures, such as free cash flow and underlying operating costs. We are unable to reconcile these forward-looking non-GAAP measures with corresponding GAAP figures, as some necessary information is contingent on future events beyond Shell’s control, such as oil and gas prices, interest rates, and currency exchange rates. Moreover, achieving the precision required to reconcile these figures is impractical without undue difficulty. The non-GAAP measures for future contexts are consistent with Shell plc’s financial reporting practices.

The contents of referenced websites do not form part of this document.

Certain terminology, such as resources, used herein are limited by the United States Securities and Exchange Commission (SEC) from filings with the SEC. Investors are encouraged to examine the disclosures in our Form 20-F, File No 1-32575, available on the SEC website www.sec.gov.
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About Shell

Shell Hong Kong (Shell) operates as a subsidiary of Shell plc, a global entity focusing on energy and petrochemicals while leveraging advanced technologies to drive a sustainable energy future. With over a century of local operation, Shell provides a comprehensive range of oil products to Hong Kong and Macau from its state-of-the-art Tsing Yi Installation. Shell’s scope includes retail stations, supplies for various commercial sectors, and more. As a responsible corporate citizen in Hong Kong, Shell actively engages in community welfare through various social initiatives.

About Shell Renewable Diesel

Shell Renewable Diesel is a high-quality Hydrotreated Vegetable Oil (HVO) composed of 100% renewable bio-components such as used cooking oil, animal fats, and agricultural residues, manufactured through hydrogenation. Compared to EN 590 B0 diesel⁴, Shell Renewable Diesel can facilitate a lifecycle CO₂e emissions reduction of up to 90%⁷.

Shell Renewable Diesel Blend R33¹ is made up of up to 33% renewable content—7% Fatty Acid Methyl Ester (FAME) and 26% Hydrotreated Vegetable Oil (HVO)—and meets the European EN 590 diesel standards. It achieves a lifecycle reduction of up to 30%² in CO₂e emissions compared to EN 590 B0 diesel⁴.

About Shell’s CO₂ Compensation Programme

Shell is a key player in global carbon credit trading. To mitigate carbon emissions, Shell offers commercial clients carbon offset options, simplifying the process of compensating for challenging-to-abate emissions. Shell aids businesses in calculating their carbon outputs and compensates them through carbon credits derived from various environmental, technological, and waste management initiatives. These projects include efforts to maintain natural ecosystems and invest in renewable energy.

Projects encompass the Reducing Emissions from Deforestation and Forest Degradation (REDD+) initiative in Congo, conservation activities in Indonesia’s peat swamp forests, and tropical forest preservation projects in Acre, Brazil. For instance, the Katingan Mentaya Wildlife and Conservation Project safeguards around 150,000 hectares of critical peat swamp forest while protecting five endangered species and generating approximately 7.45 million carbon credits annually, equivalent to removing 2 million cars from the roads each year—illustrating a robust commitment to global carbon reduction.

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