Equilon Enterprises, doing business as Shell Oil Products US, will proceed with the sale of two of its refineries ‘Mobile’ and ‘Puget Sound’.
Mobile lies near the US Gulf Coast at the north end of Mobile Bay in Alabama. The Puget Sound refinery sits on March Point, near Anacortes in Washington.
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The Mobile refinery reportedly has a processing capacity of approximately 90,000 barrels per day (bpd) of crude oil. It produces LPG, diesel fuel, jet fuel and gasoline.
It has the potential to operate as a standalone refinery that produces base oils or chemicals feedstock.
Meanwhile, the Puget Sound refinery has a processing capacity of about 149,000bpd of crude oil. It also produces various chemicals, such as nonene and tetramer, used in plastic products.
According to Shell, the sale of these refineries forms part of the company’s previously disclosed plans to reorganise its global refining portfolio.
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By GlobalDataShell Manufacturing executive vice-president Robin Mooldijk said: “We are refocusing our global presence in line with that of our customers, trading operations and chemicals plants. This will result in a more valuable, integrated downstream business.
“Both refineries have done an excellent job over the last number of years and have made several notable achievements in safety, reliability and performance.”
Shell said that it will use the US Gulf Coast as its key manufacturing hub, alongside Singapore and Rotterdam.
Last month, Equilon Enterprises concluded the $1.2bn divestment of the Martinez Refinery in California to PBF Energy subsidiary PBF Holding on behalf of Shell Oil Products US.
