Shell to reduce refinery portfolio by more than half

(Reuters) – Royal Dutch Shell (RDSa.L) plans to reduce its refining and chemicals portfolio by more than half, it said in July 2020 without giving a precise timeframe.

The move is part of the Anglo-Dutch company’s plan to shrink its oil and gas business and expand its renewables and power division to reduce greenhouse gas emissions sharply by 2050.

Here is a list of its refineries at the end of 2019.

NameLocationCDU* CapacityShell stakeStays with Shell?
SchwedtGermany21438Stake sold [USN:L5N2OK4GA]
AsiaTabangaoPhilippines9555To shut down [USN:L4N2FG18P]
Pulau BukomSingapore463100Capacity halved [USN:L1N2HW0LV]
AfricaDurbanSouth Africa16536
USAMartinezCalifornia144100Sold Feb 2020
ConventLouisiana239100Closing [USN:L1N2HR2AW]
NorcoLouisiana229100Yes [USN:L2N2OC25X]
Deer ParkTexas31250Sold [USN:L2N2ND16O]
Puget SoundWashington137100For sale [USN:L1N29E0U2]
MobileAlabama90100Sold [USN:L2N2ND33Z]

* Crude distillation unit

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