SO2 AND CO2 EMISSION CONTROL WITH CANSOLV SO2 AND CO2 CAPTURE SYSTEMS

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SO2 AND CO2 EMISSION CONTROL WITH CANSOLV SO2 AND CO2 CAPTURE SYSTEMS Opportunity Crudes Conference – Houston, October 26, 2010

Rick Birnbaum - richard.birnbaum@shell.com Sales Manager – Oil and Gas

Copyright CANSOLV Technologies Inc.

October 2010

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Disclaimer statement

This document contains forward-looking statements concerning the financial condition, results of operations and businesses of Royal Dutch 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 Royal Dutch 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 ‘‘anticipate’’, ‘‘believe’’, ‘‘could’’, ‘‘estimate’’, ‘‘expect’’, ‘‘intend’’, ‘‘may’’, ‘‘plan’’, ‘‘objectives’’, ‘‘outlook’’, ‘‘probably’’, ‘‘project’’, ‘‘will’’, ‘‘seek’’, ‘‘target’’, ‘‘risks’’, ‘‘goals’’, ‘‘should’’ and similar terms and phrases. There are a number of factors that could affect the future operations of Royal Dutch Shell and could cause those results to differ materially from those expressed in the forward-looking statements included in this Report, including (without limitation): (a) price fluctuations in crude oil and natural gas; (b) changes in demand for the Group’s products; (c) currency fluctuations; (d) drilling and production results; (e) reserve estimates; (f) loss of market 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, fiscal and regulatory developments including potential litigation and regulatory effects arising from recategorisation of reserves; (k) economic and financial market conditions in various countries and regions; (l) political risks, project delay or advancement, approvals and cost estimates; and (m) changes in trading conditions. All forward-looking statements contained in this presentation 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. Each forward-looking statement speaks only as of the date of this document. Neither Royal Dutch Shell 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 document. The United States Securities and Exchange Commission (SEC) permits oil and gas companies, in their filings with the SEC, to disclose only proved reserves that a company has demonstrated by actual production or conclusive formation tests to be economically and legally producible under existing economic and operating conditions. We use certain terms in this presentation, such as “oil in place" that the SEC's guidelines strictly prohibit us from including in filings with the SEC. U.S. Investors are urged to consider closely the disclosure in our Form 20-F, File No 1-32575 and disclosure in our Forms 6-K file No, 1-32575, available on the SEC website www.sec.gov. You can also obtain these forms from the SEC by calling 1-800-SEC0330. October, 2010

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AGENDA Introduction Resid Combustion and Cogen – Option for Bottoms Management Overview of SO2 Scrubbing – Non-Regenerable Options Overview of SO2 Scrubbing - CANSOLV Regenerable Scrubbing Economic Comparison – Regenerable and Non Regenerable CANSOLV CO2 Scrubbing System Project Execution, An alternative approach Conclusions October, 2010

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API DENSITY; WT% S IN IMPORTED NORTH AMERICAN CRUDES

October, 2010

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SPOT PRICE HISTORY OF ARAB HEAVY VS WT CRUDES

Source - EIA

Uncertain differential between sweet and sour crudes Requires versatile strategy

October, 2010

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REGULATORY ISSUES AND FOCUS ON SO2 AND CO2

PRESSURES

Marpol; ULSD; RFG etc.:

Reduce/Eliminate Sulfur in Refined Products

Atmospheric Emissions:

Reduce Sulfur

US Consent Decrees:

Less Sulfur to Atmosphere

Green House Gas:

Reduce Carbon Emissions; CCS

Future Emissions Controls?

Reduced Sulfur to Air/Water; CCS retrofit

October, 2010

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BOTTOMS MANAGEMENT PROCESSING OPTIONS •

Hydrocracking - Add H2 Larger H2 plant; Increased Natural Gas Demand • Adds H2S to SRU feed • Added Refinery fuel Demand •

Thermal Options - Remove Carbon •Coking;

Visbreaking; De-asphalting

• High Sulfur Byproduct and Distillates Add Sulfur to Distillate pool • Add H2S to SRU feed • Added Refinery fuel Demand •

•Cogen

SO2 Scrubbing

•On

Site Steam and Power Generation •Versatile Feed Mix •Requires complex fuel management systems •Requires NOx; Particulate; SOx Management •Applies where markets for resid are unavailable •Applies where balancing natural gas fuels are expensive October, 2010

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NON-REGENERABLE SO2 SCRUBBING Non – Regenerable

Characteristics -

Limestone

Lime

Caustic (NaOH)

Sodium Carbonate (Trona)

-

-

-

Once through reagent - NaOH - Simple, higher cost – Liquid - Limestone/Lime – Low cost; Significant Materials Management Throw-away byproduct Dewatering and solids management - Accommodating WWT Low Capital Cost Some potential for byproduct - Wallboard Gypsum - Ammonium Sulfate Most suitable for low sulfur applications

October, 2010

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CAUSTIC (NaOH) SCRUBBING Utility Boiler ESP Economizer Air to Air Exchange

Scrubber

Caustic Management Caustic Storage

Caustic Unloading

To Stack Water

Fuel

Air Bottom Ash

Air Fly Ash

Combustion System Flue Gas Pretreatment Dust removal - Dry ESP

1.25 t NaOH Consumed/t SO2 2.2 t Na2SO4 Produced/t SO2

Waste H2O

Byproduct Oxidation

Boiler Air to Air Exchange

October, 2010

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LIME (CaO) SPRAY DRY Utility Boiler Lime Spray Economizer Dry Air to Air Exchange Scrubber

ESP

To Stack Lime Slaking

Fuel

Water Dry Ash/ Gypsum

Air

Lime Storage

Lime Unloading

Dry Ash/ Gypsum

Bottom Ash

Combustion System Flue Gas Pretreatment Dust removal - Dry ESP Boiler Air to Air Exchange

1 t CaO Consumed/t SO2 2.2 t CaSO4 Produced/t SO2

October, 2010

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LIMESTONE (CaCO3) SCRUBBING Utility Boiler ESP Economizer Air to Air Exchange

Prescrubber

Grinding and Slurry Feed

H2O

Limestone Unloading

Limestone Storage

Limestone Unloading

To Stack Fuel

1.7 t CaCO3 Consumed/t SO2 2.2 t CaSO4 Produced/t SO2 H2O Air Bottom Ash Fly Ash

Waste H2O Air

Combustion System Flue Gas Pretreatment Boiler Air to Air Exchange

Dust removal - Dry ESP Quench/Cool - Prescrub

Byproduct Oxidation

Gypsum Management Thickener/Dewatering Long Term Storage Stack

October, 2010

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REGENERABLE SO2 SCRUBBING Regenerable

Characteristics -

Diamine

Sodium sulfite/bisulfite

-

-

-

Regenerable Solvent - Solvent attrition/loss rate defines reagent makeup - Gas/Liquid technology – Just like Amines and H2S Pure, wet SO2 produced - Enhances capacity of exising SRU - Acceptable feed for Sulfuric Acid unit Small waste stream - purge stream from prescrubber - Purge stream from sulfate management system High capital option Main operating cost is steam Most suitable for high sulfur applications October, 2010

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CANSOLV SO2 SCRUBBING Utility Boiler ESP Economizer Air to Air Exchange

Prescrubber

Amine Absorber

Amine Purification/ Unit (APU)

Regen O/H System

Regenerator Cansolv Battery Limits

To SRU

To Stack APU

Fuel

Air

Steam

Bottom Ash Fly Ash

Wash H2O Waste H2O

Combustion System Boiler Air to Air Exchange

Flue Gas Pretreatment

SO2 Management

Dust removal - Dry ESP Quench/Cool - Prescrub

SO2 Capture SO2 Regeneration

October, 2010

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COMPARISON OF COST COMPONENTS - CANSOLV vs CAUSTIC

Operating Costs Basis NaOH - $300/t Steam - $10/t October, 2010

Mtnce. – 3% of TIC

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COST COMPARISON - CANSOLV vs NON REGENERABLE

NPV Summary (10%) Cansolv Caustic Limestone Limestone S/D

4.6% S 1.0 1.3 1.1

2.6% S 1.0 1.1 1.2 1.0 October, 2010

1.1

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COST ESTIMATE ASSUMPTIONS FOR OP COST

Boiler Sizing Basis Fuel Feed Rate – t/hr Sulfur in Fuel – wt% Boiler Power Production – MWe SO2 Capture Capacity – t/year SO2 Content of Flue gas – vppm Utility Costing Basis Cooling Water Steam Electricity DI Water Utility Water Chemicals NaOH Limestone 100% NaOH Lime Waste - Dry Basis Na2SO4;CaSO4 Byproduct Credit – Elemental Sulfur

Flue Gas Basis 4.6% Sulfur Case 35 4.6 160 28,000 2,400

Flue Gas Basis 2.6% Sulfur Case 35 2.6 160 16,644 1,400

$0.02/m3 $10.00/t $0.085/kWh $1.80/m3 $1.00/m3

$0.08/kgal $4.55/klb $0.085/kWh $6.8/kgal 3.80/kgal

$300/t $30/t $100/t $20/t

$272/st $27/st $91/st $18 $55/st

$60/t

October, 2010

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CONCLUSIONS – SO2 SCRUBBING

Non – Regenerable Scrubbing is preferred where:

SO2 Content is low

Reagents are easily available

Landfill and wastewater resources are available

Plot space can accommodate reagent preparation and waste conditioning

Regenerable Scrubbing is preferred where:

SO2 content is high

Landfill and wastewater resources are not available or limited

Cost of steam and cooling water is low

Sulfur Recovery Unit and byproduct chain is available to consume SO2 October, 2010

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2.0

CANSOLV CO2

October, 2010

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1


CANSOLV CO2 CAPTURE TECHNOLOGY SOLUTION Cansolv CO2 technology is based on more than 10 years experience in flue gas treating (SO2) Similar Amines Similar process line-ups and energy integration Same operating philosophy

Synergies with Shell experience in gas treatment in oil and gas industry

October, 2010

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SO2 & CO2 CAPTURE DEMONSTRATION PLANT

Client: RWE npower, United Kingdom 50 ton/day CO2 capture (~3 MW) 12 % vol CO2 & 1,000 ppmv SO2 Start-up 2011

Objectives:

Develop improvements to current commercial process

Long term stability tests of new solvents Evaluation of new integration schemes

October, 2010

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WORLD LEADING CARBON CAPTURE EPC PROJECT Project: Integrated Carbon Capture and Sequestration (ICCS) Project Boundary Dam

Client: SaskPower Corporation

Project Outline:

Flue gas CO2 and SO2 flue gas capture from Unit#3 of the Boundary Dam Power plant. Capture capacity of 3,500 metric tons/day CO2 CO2 use: Enhanced Oil Recovery SO2 converted to sulfuric acid

Scope of Services: Front End Engineering Design phase (FEED), Engineering Procurement Construction (EPC), Commissioning, Operator Training

October, 2010

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CANSOLV SO2 SCRUBBING SYSTEM

To Stack

SO2 Product

Caustic Polisher NaOH SO2 AMINE PURIFICATION UNIT

Na2SO4 Purge

SO2 Absorber

SO2 Regenerator Feed Gas Prescrubber and Cooler

Rich Amine

Cond. Steam

M/U Water Purge Water October, 2010

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CANSOLV INTEGRATED SO2 AND CO2 SCRUBBING SYSTEM To Stack CO Regenerator 2

CO2 Product

CO2 AMINE PURIFICATION UNIT

Water Wash

CO2 Absorber

Steam Cond.

Caustic Polisher NaOH

SO2 Product SO2 AMINE PURIFICATION UNIT

Na2SO4 Purge

SO2 Absorber

SO2 Regenerator Feed Gas Prescrubber and Cooler

Rich Amine

Steam Cond.

M/U Water Purge Water

October, 2010

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EXPECTED PERFORMANCE – CO2 AFTER HEAT INTEGRATION

Study Case Specifics Inlet CO2 Concentration CO2 Removal Specific LP Steam Consumption Annual Amine Degradation Particulate load

CO2

SO2/CO2

~12 Vol%

~12% Vol

90%

90%

<1.2 tons/ton CO2

<0.9 tons/ton CO2

<10% of initial fill/year1

<10% of initial fill/year1

<30 mg/Nm3

<30 mg/Nm3

Note 1: represents less than 0.1 kg / ton CO2 October, 2010

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3.0

MAKING CCS A SUCCESS

October, 2010

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CHALLENGES IN CO2 CAPTURE

No commercial experience at this scale yet Main (technology) risks CO2 capture efficiency and energy consumption Scale-up Contaminants handling and influence on degradation (oxidation, SO2, particles, etc) -> only applies to coal fired power plant flue gas. Environmental concerns (emissions to air)

October, 2010

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SCALEUP

No experience in the industry with respect to similar sizes CO2 capture process from flue gas

Main risks: Equipment scale-up Design of counter current equipment

Operability Dynamic performance of plant (responds times, wall effects, heat losses, etc) Influence on Power plant

October, 2010

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4.0

PROJECT EXECUTION, AN ALTERNATIVE APPROACH

October, 2010

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PROJECT EXECUTION IN CCS

Two Approaches OPTION 1: Select ONE technology provider based on preliminary firm EPC price (power industry model)

OPTION 2: Competitive FEED Project design done to 30% level in all disciplines by >2 technology suppliers

October, 2010

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EXAMPLE: USING THE FIRST APPROACH

North American Power project CCS, 2006 Released RFQ for new-build 450 MW CCS plant RFQ requested firm EPC price without FEED Limited engineering done up-front by technology providers/EPC contractors to derive a price Examined bids submitted, ultimately selected solution based on provided estimates Project terminated in 2007 due to CAPEX escalation (scope creep and technical issues encountered when doing detailed design)

October, 2010

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EXAMPLE: AN ALTERED APPROACH FOR EXECUTION

SaskPower, 2008 – Kick Off of full CCS Project Opted for a paid Competitive FEED Process (3 bidders)

3 bidders selected based on preliminary estimates (similar information requested by Tenaska at this stage)

Deliverable of competitive FEED was a Firm Turnkey Price for the project

October, 2010

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RESULTS OF COMPETITIVE FEED

Requirements and trade-offs clearly understood Led to reduced contingency allowances Higher quality estimate for AFE FEED Engineering fed directly into detailed Engineering – Reducing EPC Construction schedule Actual Lump sum EPC Turnkey price dropped 30% from year earlier estimate. Pre-FEED Parasitic load estimate dropped 30% from year earlier estimate.

October, 2010

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Q&A

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OPPORTUNITY CRUDES CONFERENCE 2010 OCTOBER 25-26, 2010 | WESTIN OAKS HOTEL | HOUSTON, TX (USA)

Thank you for participating at this conference! Keep updated for post conference news and conference coverage at: www.OpportunityCrudes.com

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