麻豆传媒

Boosting Shell鈥檚 global lubricants portfolio, the acquisition of MIDEL鈥檚 premium product range will enable Shell to complement its differentiated position in Transformer Oils used for power distribution, offshore wind parks, utility companies and traction power systems. By adding synthetic and natural ester-based transformer fluids and services to its portfolio, Shell Lubricants aims to deliver improved fire protection and biodegradability to its customers.

Meanwhile, MIVOLT鈥檚 ester-based immersion cooling fluids will support the development of thermally efficient electric vehicle batteries, battery energy storage systems and data centres.

Shell鈥檚 Executive Vice President for Global Lubricants, Jason Wong said: 鈥淭he addition of the MIDEL and MIVOLT premium product ranges to our portfolio acknowledges the growing ester fluid market and will help Shell Lubricants meet customer needs in the renewables and power sectors. Most importantly, we expect the outstanding technical knowledge and application expertise of their people will add huge value to Shell Lubricants.鈥�

M&I Materials Ltd Chairman, Colin Salt said: 鈥淓ster fluid manufacturing has been a huge part of M&I Materials Ltd for over 45 years and a source of pride for everyone involved in developing this technology which customers in many markets worldwide have come to specify and trust. We want to see the growth potential for both MIDEL and MIVOLT realised and we believe Shell is uniquely positioned to take them forward and on to their next stage of development.鈥�

When completed, this acquisition will support Shell Lubricants鈥� purpose 鈥榯o keep the world progressing today for tomorrow鈥� by providing world-class fluids and services, as well as e-fluids and e-greases to protect and enhance performance. By bringing higher grade products to customers in the renewable energy and power sectors, this acquisition supports Shell鈥檚 Powering Progress strategy, to work with its customers and across sectors to accelerate the transition to net-zero emissions.

For the purposes of this acquisition, M&I Materials Ltd will carve out its MIDEL and MIVOLT businesses into M&I Materials Development Ltd, which Shell will acquire in full. Subject to regulatory approvals and deal completion, which is expected fourth quarter of 2023, M&I Materials Development Ltd will subsequently be fully owned and operated by Shell. M&I Materials Ltd will continue to operate its other business lines.

Notes to editors

• The term 鈥淪hell Lubricants鈥� collectively refers to Shell Group companies engaged in the lubricants business. Shell sells a wide variety of lubricants to meet customer needs across a range of applications in over 100 countries. In 2022, Shell was named the leading global supplier of finished lubricants for a 16th consecutive year, according to the 20th edition of Kline & Company鈥檚 report Global Lubricants: Market Analysis and Assessment 2021. Please visit www.shell.com/lubricants for more information.
• M&I Materials Ltd is an independent British company whose roots can be traced back to 1901. Formerly part of GEC Alsthom, M&I Materials Ltd has been privately owned since a management buyout in 1993 by Colin Salt. M&I Materials Ltd portfolio of brands includes MIDEL (Transformer Fluids), MIVOLT (Dielectric Immersion Fluids), WOLFMET (Tungsten Heavy Alloys), METROSIL (Silicon Carbide overvoltage protection), APIEZON (vacuum greases, sealants and lubricants) and PERFORMANCE BIOLUBRICANTS (Environmentally Acceptable Lubricants).
  
• MIDEL comprises a range of global leading ester transformer fluids offering environmental benefits and fire protection. Originally developed in the 1970s MIDEL is specified in infrastructure projects around the world, in particular where sustainability is a key decision criteria. MIVOLT, developed in the past decade, comprises a range of dielectric esters developed for use to thermally manage electric applications, such as in electrified transport, in batteries and in data centres.