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Shell announces plans to reduce its refining portfolio

11/2/2020

Royal Dutch Shell recently announced that it plans to reduce its refinery portfolio down to a count of six as the company plans to increase its lower carbon projects and to further support future cash planning.  A time frame was not specified but could be completed in the next five years. Shell announced that it would transform a select group of refinery locations into what the company calls “high-value energy and chemical parks”.  The six sites to be transformed include Deer Park and Norco of the United States, Pernis of the Netherlands, Pulau Bukom of Singapore, Rheinland of Germany, and Scotford of Canada.  Shell plans to tilt towards more performance chemical production and to include r

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