Shell to Sell Geelong Refinery in Victoria, Australia
PERTH, AUSTRALIA--June 19, 2013--Researched by Industrial Info Resources Australia (Perth, Australia)--Shell Company of Australia Limited (Melbourne, Australia), a subsidiary of Royal Dutch Shell plc (NYSE:RDS.A) (The Hague, Netherlands), recently announced that its Geelong refinery in the state of Victoria is on the market, and the company hopes a sale can be finalized by the end of 2014. Shell decided to shut down the refinery in response to competition from other mega-refineries. The sale reflects Shell's change in global strategy to concentrate on investments at larger sites.
