On the 11th November, Nippon Steel Corporation, Sumitomo Corporation and Shell held a ceremony in The Hague, the Netherlands, to celebrate the 50th anniversary of working together.
Nippon Steel and Sumitomo Corporation have been supplying tubular steel products to Shell since 1972, when they first shipped OCTG to Brunei Shell Petroleum. The Global Framework Agreement, a long-term sales contract for OCTG, started in 2006. Through this contract, more than 1.7 million tons of OCTG and line pipe tubular steel has been delivered to Shell’s operations worldwide.
At the ceremony, Nippon Steel and Sumitomo Corporation looked back on the successful history of the relationship. Shell once again commended Nippon Steel and Sumitomo Corporation’s ability to deliver value by providing a total solution service of high-quality products tailored to Shell’s needs, enhanced supply chain management services, and a steady response to localization requirements.
Nippon Steel, Sumitomo Corporation and Shell pledged to further strengthen their relationship, and have agreed to accelerate their collaboration beyond tubular supply into the energy transition more broadly. This will include activities in areas such as hydrogen and carbon capture and storage (CCS), with the goal of jointly accelerating the shift towards a carbon-neutral society.
