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shell refinery closure


A Shell station on United Nations Avenue in Manila on Aug. 13, 2020, the day Pilipinas Shell Petroleum Corp. announced that it would close its 58-year-old refinery in Batangas province for good. Shell to permanently close oil refinery in Philippines Photo courtesy of Pilipinas Shell Pilipinas Shell announced today that it is permanently shutting down its oil refinery operations in Tabangao, Batangas, on the main Philippine island of Luzon, after suspending refinery operations last May 24 due to reduced fuel demand from Covid-19. In Europe, Petroineos plans to mothball nearly half of its 200,000 bpd refinery at Grangemouth in Scotland, and Gunvor will shutter its 110,000 bpd Antwerp oil refinery in Belgium. On Thursday, Gov. is closing its refinery operations in Tabangao, Batangas to … (AP) — Shell announced Thursday that it is closing one of its refineries between Baton Rouge and New Orleans, after failed attempts to sell the facility. Convent’s closure adds to the almost 2 million bpd of refinery capacity globally that has been permanently shuttered globally due to the coronavirus pandemic. "Bukom will pivot from a crude oil, fuels-based product slate towards new, low-carbon value chains," the company said in its statement. Shell will lay off 700 workers after closing its Convent refinery in Louisiana, part of a company effort to reduce carbon emissions. News of refinery closures and conversions have accelerated around the world, following demand destruction caused by the COVID-19 pandemic. Shell announced on Nov. 5 the refinery, located 57 miles (92 km) west of New Orleans, was to close after the company failed to find a buyer amid the … Leaders tring to secure future of remaining plants in Ascension Parish after Shell Convent refinery closure. But the pandemic has impacted margins and profitability enough that even refiners on the U.S. Gulf Coast are shutting plants down as seen with Shell’s refinery … Shell announced Thursday that it is closing one of its refineries between Baton Rouge and New Orleans, after failed attempts to sell the facility. "We are disappointed to learn that Shell’s Convent Refinery in St. James Parish will be closing in the near future. The refinery in Convent can process 240,000 barrels of crude oil per day. Shell, the country’s second largest oil firm, announced the refinery’s closure in August 2020, as it was deemed unprofitable. Economists say it will affect eight times that amount. CONVENT, La. It was operated by Shell Refining (Australia) Pty Ltd and owned by the Royal Dutch Shell. The refinery in Convent can process 240,000 barrels of crude oil per day. (Photo by Mike Alquinto) “Despite efforts to sell the asset, a viable buyer was never identified,” Shell spokesman Curtis Smith told The Advocate. The works are expected to continue for around two to three months, traders said. Sponsored Articles BATON ROUGE – State and local officials are speaking out after Shell announced plans to close a Louisiana refinery. JAMES, La. Philippine oil giant Shell will stop refinery operations in the country as they have announced the permanent closure of the refining facility in Tabangao.Based on the company's statement, the facility is set to be transformed into a full import terminal to “optimize its asset portfolio and enhance its cost and supply chain competitiveness.”The major oil producer in the … Shell (RDS.A) initiates closure of its Convent Refinery by suspending 12,000 barrels per day (bpd) isomerization unit earlier this week followed by deactivating its 36,000-bpd diesel hydrotreater. The parish president says the closing of Shell's Convent refinery will lay off about 700 of it's employees. Shell’s refinery in Tabangao, Batangas province has a capacity of 110,000 barrels per day. JAMES PARISH - Thursday's news that Shell would be shuttering its Convent plant after more than 50 years of operation left employees and business owners shell-shocked. Shell to close Louisiana oil refinery that employs hundreds November 5, 2020 CONVENT, La. The refinery in Convent can process 240,000 barrels of crude oil per day. After its shutdown in July 2022, Shell plans to reduce Pulau Bukom’s fuel refining capacity by half, to 250,000 barrels per day (bpd), as part … The Pulau Bukom Group I base oil refinery has a capacity of 360,000 tons per annum. However, Ang said the closure of refineries is not unique to the country as the global refinery industry has been a tough business, especially with COVID-19 pandemic. Shell, the country’s second largest oil company, disclosed to the Philippine Stock Exchange Tuesday the Enhanced Community Quarantine in Luzon and selected provinces nationwide slowed down economic activities and mobility, resulting in lower fuel demand. It employs nearly 700 workers and 400 contract workers, who will be affected by the closure … It employs nearly 700 workers and 400 contract workers, who will be affected by the closure expected to begin in mid-November. The Netherlands-based Royal Dutch Shell PLC (NYSE: RDS.A, RDS.B), whose U.S. headquarters is in Houston, is planning to lay off nearly 700 employees as … By Austin Kemker | November 10, 2020 at 4:34 PM CST - Updated November 10 at 9:22 PM . Shell has decided to close a Louisiana refinery in Convent. — Shell announced Thursday that it is closing one of its refineries between Baton Rouge and New Orleans, after failed attempts to sell the facility. It employs nearly 700 workers and 400 contract workers, who will be affected by the closure expected to begin in mid-November. The European oil … The refinery in Convent can process 240,000 barrels of crude oil per day. According to … … Refiners closure or shift to renewable fuels have traditionally occurred on the East and West Coasts.

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