Search

Shell announces plans to shut down Convent refinery this month - WBRZ

cicingwos.blogspot.com

CONVENT - Shell announced it plans to shutter its Convent refinery in the coming weeks after it failed to find a buyer for the facility. 

According to a statement from the company Thursday, the location will begin the process of shutting down in mid-November. Shell had been looking for a buyer to take to the site since July but has been unsuccessful. 

Shell said the decision to close the refinery is "part of the company’s global strategy to invest in a core set of uniquely integrated manufacturing sites that are also strategically positioned for the transition to a low-carbon future."

The refinery has about 700 employees.

Read the full statement from Shell below. 

Shell has announced the shutdown of its Convent Refinery in Louisiana. The decision is part of the company’s global strategy to invest in a core set of uniquely integrated manufacturing sites that are also strategically positioned for the transition to a low-carbon future. The shutdown process will begin mid-November.

In July of 2020, we shared with staff that the Shell Convent Refinery was being marketed. Despite efforts to sell the asset, a viable buyer was never identified. After looking at all aspects of our business, including financial performance, we made the difficult decision to shut down the site.

Shell will ensure a safe and responsible shutdown of the refinery with a focus on the people who are most directly impacted. That includes supporting Convent employees at this difficult time by assisting them in applying for alternate opportunities within the company, or in transitioning to a future outside of the Shell. Shell will be opening a Selective Voluntary Severance program at its Geismar and Norco facilities, subject to bargaining for union represented employees, to potentially create additional roles where Convent employees can be placed.

We will retain a meaningful presence in Louisiana by way of our integrated refining and chemicals sites at Norco and Geismar, our midstream infrastructure assets, branded retail presence, Gulf of Mexico operations and our offices in New Orleans.

After the shutdown process is complete, we will continue to market the Convent Refinery for divestment.

Recent History

Shell announced in September that its Chemicals and Manufacturing businesses will integrate to create an end-to-end Chemicals and Products organization. This new organization will be reflected in six Energy and Chemical Parks that will enable us to deliver on the strategy of growing our Chemicals business and adapting our Refining footprint to provide customers with the lower-carbon products they desire. A key advantage of these core sites will also come from further integration with Shell trading hubs, and from producing more chemicals and other products that are resilient in a low-carbon future.

Remaining Sites

Shell’s remaining refinery sites include; Rheinland (Germany), Pernis (NL), Palau Bukom (Sinapore), Scotford (Canada), Norco (US) and Deer Park (US).

Currently we operate 11 refineries (excludes Tabangao Philippines- terminal conversion), and have interests in a further 3 (a total of 14) ? Less 5 refineries that were/are marketed; Frederica (Denmark), Puget Sound (US), Mobile (US), Convent (US), Sarnia (Canada) ? Less 3 non-operated JV refineries; SAPREF (South African Petroleum Refineries PTY LTD)(Durban South Africa), Miro (Germany) and PCK (Schwedt, Germany).

Let's block ads! (Why?)



"Shut" - Google News
November 06, 2020 at 12:21AM
https://ift.tt/368DBsh

Shell announces plans to shut down Convent refinery this month - WBRZ
"Shut" - Google News
https://ift.tt/3d35Me0
https://ift.tt/2WkO13c

Bagikan Berita Ini

1 Response to "Shell announces plans to shut down Convent refinery this month - WBRZ"

  1. AjoQQ dengan tingkat %tase menang yang tinggi
    Tunggu apalagi, gabung dan mainkan sekarang juga !!
    Buktikan kemampuan dan hoki-mu didalam table permainan ^^
    Sedia deposit pulsa juga (min 20rb)

    ReplyDelete

Powered by Blogger.