A digest of March’s international news
in the retail fuel sector.
www.erpecnewslive.com
Issue No 80 | March 2018
EUROPEAN EDITION
Shell to grow its global network
to 55,000 sites by 2025
Shell is placing a big bet on petrol stations
and convenience stores in China, India
and Mexico as it looks to shore up profits
during the electric car revolution. By 2025,
the oil and gas giant plans to grow its global
network of roadside stations by nearly a
quarter to 55,000, targeting 40 million daily
customers. It will add another 5,000 convenience
stores selling coffee and snacks, with
growth focused on rapidly growing economies
in emerging markets. Shell, as well as
rivals such as BP, sees retail as a way to
secure demand for the fuels it refines, as
consumption could peak as early as by the
end of the next decade due to the growth
in electric vehicles. Already in 2017, marketing
accounted for around a quarter of
Shell’s earnings. “We plan to lead through
the energy transition,” Shell head of downstream
John Abbott said. Already one of the
world’s biggest retailers with a well known
brand, Shell expects earning from its marketing
and commercial businesses to grow
annually by 7 percent into 2025, when it will
deliver $4 billion in earnings. Around half of
the new petrol stations will be built in fast
growing economies, mostly in China, India,
Indonesia, Russia and Mexico, where Shell’s
market share is smaller compared to local
companies, Istvan Kapitany, Shell’s head of
retail said. “These markets will produce half
of the oil (demand) growth by 2025,” Kapitany
added. The company is also rolling
out a number of experimental initiatives to
introduce electric battery chargers and hydrogen
chargers to its traditional petrol stations,
hoping to capture some of the growth
in the non-combustion engines.
IDAC 18 announces headline
speaker for London
What will customers want from tomorrow’s
fuel stations and how can retail operator’s
best embrace the major business and social
platforms, in order to make sure they are
able to pro-actively face the opportunities
which lie ahead? International speaker and
accomplished author Steven van Belleghem
will answer these questions in London this
November, at the idac 18 international fuel
retailing conference. Steven will also be
presenting chapters from his latest book:
Customers, the day after tomorrow, a copy
of which will be given free to all early bird
idac18 registrants. Commenting on his decision
to speak for the first time at idac, Steven
said “I am really excited to share my knowledge
and expertise of tomorrow’s high tech
platforms and translate this into meaningful
strategies for the retail fuel sector. I also welcome
the opportunity of being able to meet
with the many international industry leaders
and representatives from the oil companies
and major fuel retailers, who will attend idac
18 in London.” Nick Needs, Managing Director
of McLean Events, the organiser of
idac commented: “It’s a major coup for us
to secure Steven van Bellegham for idac
18 and I know that international delegates
will find his delivery fascinating, in whichever
part of the world they may be operating”
idac18, international retail fuel conference,
will take place at London, Olympia from 26-
27 November 2018. Further details can be
found at www.idac18. com
Amazon now world’s second most valuable companY
Amazon is now the world’s second most valuable
company, overtaking Google’s parent
company Alphabet. The retail, technology,
web services and delivery company has
added $350 billion to its market capitalisation
over the past year, according to the Financial
Times. Its stock market value today
stands at $766 billion – $1 billion more than
Alphabet, but still a long way behind leaders
Apple, whose market capitalisation (the value
of all its shares on the market) is currently
just over $883 billion.
‘IoE’ on your forecourt?
Meet us at
www.beverinnovations.com | T +31(0)111 45 32 32 100% FOCUS ON PETROL
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