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Released November 05, 2020 | SUGAR LAND
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Researched by Industrial Info Resources (Sugar Land, Texas)--Royal Dutch Shell (NYSE:RDS-A) (The Hague, Netherlands) will shutter its 211,000-barrel-per-day Convent, Louisiana, refinery. Shell announced plans to sell the refinery in July but failed to find a buyer. Shell said it would commence the shutdown process in mid-November.
In a statement, Shell said, "The decision is part of the company's global strategy to invest in a core set of uniquely integrated manufacturing sites that are also strategically positioned for the transition to a low-carbon future." According to Reuters, in a conference call this week, Shell said it expects to sell all but six refineries and chemical plants globally and is considering closing facilities that it cannot sell.
Industrial Info Resources (IIR), with global headquarters in Sugar Land, Texas, six offices in North America and 12 international offices, is the leading provider of global market intelligence specializing in the industrial process, heavy manufacturing and energy markets. Industrial Info's quality-assurance philosophy, the Living Forward Reporting Principle, provides up-to-the-minute intelligence on what's happening now, while constantly keeping track of future opportunities. Follow IIR on: Facebook - Twitter - LinkedIn. For more information on our coverage, send inquiries to info@industrialinfo.com or visit us online at http://www.industrialinfo.com.
In a statement, Shell said, "The decision is part of the company's global strategy to invest in a core set of uniquely integrated manufacturing sites that are also strategically positioned for the transition to a low-carbon future." According to Reuters, in a conference call this week, Shell said it expects to sell all but six refineries and chemical plants globally and is considering closing facilities that it cannot sell.
Industrial Info Resources (IIR), with global headquarters in Sugar Land, Texas, six offices in North America and 12 international offices, is the leading provider of global market intelligence specializing in the industrial process, heavy manufacturing and energy markets. Industrial Info's quality-assurance philosophy, the Living Forward Reporting Principle, provides up-to-the-minute intelligence on what's happening now, while constantly keeping track of future opportunities. Follow IIR on: Facebook - Twitter - LinkedIn. For more information on our coverage, send inquiries to info@industrialinfo.com or visit us online at http://www.industrialinfo.com.
