London +4420 814 42225
Moscow +7495 543 9194
Kiev +38044 599 2950
info@mrcplast.com

Our Clients

Order Informer

 
Home > News >
 

Royal Dutch Shell seeking buyer for Anacortes, Washington refinery

January 17/2020

MOSCOW (MRC) -- Royal Dutch Shell Plc is looking to sell its oil refinery in Anacortes, Washington, reported Reuters with reference to three people familiar with the matter.

If completed, this and other asset sales currently underway would reduce Shells North American refining operations to large plants on the U.S. Gulf Coast, said the people, speaking on condition of anonymity as the talks are private.

Oil and gas major Shell has publicly committed to selling more than USD5 billion of assets per year in 2019 and 2020. The Netherlands-based company is trying to use its global scale to build a power business as the world moves toward cleaner energy.

The refinery, located north of Seattle, has the ability to process 144,000 barrels per day (bpd) of crude oil, according to Refinitiv Eikon data.

This is Shells third effort to divest a plant in the past year. In June, Shell agreed to sell its Martinez, California, refinery to independent refiner PBF Energy Inc (PBF.N) for up to USD1 billion.

The company retained advisers about a year ago to sell its 75,000-bpd Sarnia, Ontario, refinery.

If all three sales are completed, including Anacortes, Shell would operate only three North American refineries: the 340,000-bpd Deer Park, Texas, refinery, a joint venture with Petroleos Mexicanos, and two refineries on the Louisiana coast that together can process almost 500,000 bpd of crude oil.

Shell has also divested refineries in other regions, selling its 50% stake in the SASREF refinery in Saudi Arabia last year.

As MRC informed earlier, Shell Singapore restarted its naphtha cracker in Bukom Island in early December 2019, following a two months maintenance shutdown since the beginning of October 2019. Thus, this cracker was taken off-stream for the turnaround on 1 October 2019. The cracker is able to produce 960,000 tons/year of ethylene and 550,000 tons/year of propylene.

Ethylene and propylene are feedstocks for producing polyethylene (PE) and polypropylene (PP).

According to MRC's ScanPlast report, Russia's estimated PE consumption totalled 1,904,410 tonnes in the first eleven months of 2019, up by 6% year on year. Shipments of all PE grades increased. PE shipments increased from both domestic producers and foreign suppliers. The PP consumption in the Russian market was 1,161,830 tonnes in January-November 2019, up by 7% year on year. Deliveries of all grades of propylene polymers increased, with the homopolymer PP segment accounting for the largest increase.

Royal Dutch Shell plc is an Anglo-Dutch multinational oil and gas company headquartered in The Hague, Netherlands and with its registered office in London, United Kingdom. It is the biggest company in the world in terms of revenue and one of the six oil and gas "supermajors". Shell is vertically integrated and is active in every area of the oil and gas industry, including exploration and production, refining, distribution and marketing, petrochemicals, power generation and trading.


mrcplast.com
Author:Margaret Volkova
Tags:PP, PE, crude and gaz condensate, homopolymer PP, propylene, ethylene, petrochemistry, Shell, Russia, Singapore, USA.
Category:General News
|
| More

Leave a comment

MRC help

 


 All News   News subscribe