{"id":55574,"date":"2020-11-12T07:05:54","date_gmt":"2020-11-12T12:05:54","guid":{"rendered":"https:\/\/olduvai.ca\/?p=55574"},"modified":"2020-11-12T07:05:54","modified_gmt":"2020-11-12T12:05:54","slug":"shells-largest-refinery-reduces-crude-processing-capacity-by-50","status":"publish","type":"post","link":"https:\/\/olduvai.ca\/?p=55574","title":{"rendered":"Shell\u2019s Largest Refinery Reduces Crude Processing Capacity By 50%"},"content":{"rendered":"

Shell\u2019s Largest Refinery Reduces Crude Processing Capacity By 50%<\/a><\/h3>\n
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Shell will halve the crude oil processing capacity of its largest wholly owned refinery in the world, Pulau Bukom in Singapore, as part of its ambition to be a net-zero emissions business by 2050 or sooner, the supermajor\u00a0said<\/a>\u00a0on Tuesday.<\/p>\n

Pulau Bukom hosts the\u00a0largest wholly-owned<\/a>\u00a0Shell refinery globally in terms of crude distillation capacity, 500,000 barrels per day (bpd), and it also has an ethylene cracker complex with a capacity of up to a million tons per year and a butadiene extraction unit of 155,000 tons annually.<\/p>\n

As Shell is looking to cut carbon dioxide (CO2) emissions and is transforming its refining business for the new future, it will cut the crude processing capacity at Pulau Bukom by about half, the company said. In that new future, the Pulau Bukom Manufacturing Site will be one of Shell\u2019s six energy and chemicals parks, and will pivot from a crude-oil, fuels-based product slate towards new, low-carbon value chains.<\/p>\n

\u201cOur businesses in Singapore must evolve and transform, and we must act now if we are to achieve our ambition to thrive through the energy transition. Our decisive action today will help Shell in Singapore stay resilient and build a cleaner, more sustainable future for all of us,\u201d said Aw Kah Peng, Chairman of Shell Companies in Singapore.<\/p>\n

The reduced refinery capacity in Singapore will result in fewer jobs at the site, Shell said, while a Shell spokeswoman told\u00a0Reuters<\/a>\u00a0that the supermajor would cut around 500 jobs by the end of 2023. Currently, Pulau Bukom employs around 1,300 people.<\/p>\n

Shell is implementing a new downstream strategy to reshape its refining business towards a smaller, smarter refining portfolio focused on further integration with Shell Trading hubs, Chemicals, and Marketing.<\/p>\n

As part of this strategy, Shell\u00a0has sold<\/a>\u00a0the Martinez Refinery in California to PBF Holding Company for US$1.2 billion.<\/p>\n

Shell is also\u00a0set to shut down<\/a>\u00a0its 211,000-bpd refinery in Convent, Louisiana, after failing to find a buyer for the site.<\/p>\n<\/div>\n","protected":false},"excerpt":{"rendered":"

Shell\u2019s Largest Refinery Reduces Crude Processing Capacity By 50% Shell will halve the crude oil processing capacity of its largest wholly owned refinery in the world, Pulau Bukom in Singapore, as part of its ambition to be a net-zero emissions business by 2050 or sooner, the supermajor\u00a0said\u00a0on Tuesday. Pulau Bukom hosts the\u00a0largest wholly-owned\u00a0Shell refinery globally […]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_monsterinsights_skip_tracking":false,"_monsterinsights_sitenote_active":false,"_monsterinsights_sitenote_note":"","_monsterinsights_sitenote_category":0,"footnotes":""},"categories":[3],"tags":[184,30559,5332,2100,14603],"class_list":["post-55574","post","type-post","status-publish","format-standard","hentry","category-energy-2","tag-crude-oil","tag-crude-oil-processing","tag-oilprice-com","tag-shell","tag-tsvetana-paraskova"],"_links":{"self":[{"href":"https:\/\/olduvai.ca\/index.php?rest_route=\/wp\/v2\/posts\/55574","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/olduvai.ca\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/olduvai.ca\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/olduvai.ca\/index.php?rest_route=\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/olduvai.ca\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=55574"}],"version-history":[{"count":1,"href":"https:\/\/olduvai.ca\/index.php?rest_route=\/wp\/v2\/posts\/55574\/revisions"}],"predecessor-version":[{"id":55575,"href":"https:\/\/olduvai.ca\/index.php?rest_route=\/wp\/v2\/posts\/55574\/revisions\/55575"}],"wp:attachment":[{"href":"https:\/\/olduvai.ca\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=55574"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/olduvai.ca\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=55574"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/olduvai.ca\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=55574"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}