Wärtsilä and Shell sign co-operative agreemen...

Wärtsilä Corporation, Trade and Technical press release, 8 September 2011

Wärtsilä, the marine industry's leading solutions provider, and Shell Oil
Company have signed a Joint Co-operation Agreement aimed at promoting and
accelerating the use of liquefied natural gas (LNG) as a marine fuel. The
agreement was signed in August 2011 and will run for several years.

Supplies of low cost, low emissions LNG fuel will be made available to Wärtsilä
natural gas powered vessel operators, and other customers by Shell. The Joint
Cooperation Agreement will focus first on supplies from the US Gulf Coast, and
then later expand their efforts to cover a broader geographical range.

Gas fuelled marine engines are seen as being a logical means for ship owners and
operators to comply with increasingly stringent environmental legislation. This
agreement aims at increasing and easing the availability of natural gas for
marine engine use, as well as developing the supply chain and infrastructure to
facilitate the bunkering of LNG fuel. The two companies will jointly move these
developments to marine markets in order to enhance its rapid introduction and
use.

Wärtsilä has been at the forefront in the development of dual-fuel engine
technology, allowing the same engine to be operated on both gas and diesel fuel.
This dual-fuel capability means that when running in gas mode, the environmental
impact is minimized since nitrogen oxides (NOx) are reduced by some 85 percent
compared to diesel operation, sulphur oxide (SOx) emissions are completely
eliminated as gas contains no sulphur, and emissions of CO2 are also lowered.
Natural gas has no residuals, and thus the production of particulates is
practically non-existent.

In addition to the environmental benefits that LNG fuel offers, the shipping
industry is increasingly looking to gas as a means of reducing operating costs.
With fossil fuel prices, and especially the cost of low carbon marine fuel,
likely to continue to escalate, gas is an obvious economic alternative. In
promoting gas propulsion, the two companies aim at reducing client risk, thereby
accelerating market demand.

"It's an exciting time for the industry to have Shell, a major player, committed
to increasing the availability of clean natural gas as a marine fuel. The marine
community is becoming increasingly aware of the benefits provided by Wärtsilä
natural gas engines as a means of reducing both costs and the environmental
footprint. Natural gas engines represent a rare win-win, capturing emissions
reduction and operational savings," says Christoph Vitzthum, Group Vice
President, Wärtsilä Services.

Drawing from decades of experience in the development and application of natural
gas engines for both the power generation and marine industries, Wärtsilä is the
global leader in this advanced technology. "Clean, safe natural gas represents a
true shipping paradigm shift; years ago it was sail to steam, then came the move
from steam to diesel, and now it's a new era for gas propulsion," says Jaakko
Eskola, Group Vice President, Wärtsilä Ship Power.

"We are pleased to work with Wärtsilä to move forward with this significant step
in introducing LNG-powered vessels into the US market, providing a clean,
abundant and affordable fuel option," said David Lawrence, Shell's executive
vice president Exploration and Commercial.

For more information please contact:

Mr John Hatley
Vice President, Ship Power
Wärtsilä North America
Tel. [phone]
[e-mail]

Ms Mirja-Maija Santala
Media Manager
Wärtsilä Corporation
Tel. [phone]
[e-mail]


Wärtsilä in brief
Wärtsilä is a global leader in complete lifecycle power solutions for the marine
and energy markets.  By emphasizing technological innovation and total
efficiency, Wärtsilä maximizes the environmental and economic performance of the
vessels and power plants of its customers. The company has operations in 160
locations in 70 countries around the world. Wärtsilä is listed on the NASDAQ OMX
Helsinki, Finland.www.wartsila.com

Shell in brief
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, a global group of energy and petrochemical
companies, employing approximately 101,000 people and operating in more than 90
countries and territories.  For more information, visitwww.shell.us.







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Source: Wärtsilä Oyj Abp via Thomson Reuters ONE

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