Shell could sell or close 130,000 bbl/day Montreal refinery

09 July 2009 18:09  [Source: ICIS news]

TORONTO (ICIS news)--Shell may sell or close its 130,000 bbl/day refinery in Montreal in Canada’s Quebec province, a spokeswoman said on Thursday, confirming media reports.

The refinery employs about 500 full-time workers.

“We began a strategic review for the refinery and have informed staff,” Calgary-based Shell spokeswoman Jana Masters told ICIS news.

The review would take several months, she said, adding that Shell did not yet have a timeline for when it would make a definite decision.

The move comes as Shell is reviewing downstream operations in Germany and New Zealand, with two refineries in Germany likely to be sold.

Including the Montreal refinery, Shell has now placed 330,000 bbl/day, or 9% of its total refining capacity, under review.

In March, Shell’s Canadian affiliate PTT Poly Canada said it planned to permanently close an unprofitable polytrimethylene terephthalate (PTT) plant in Montreal.

Last year, the company cancelled plans for a possible grassroots refinery at Ontario's petrochemicals hub in Sarnia.

For more on Shell visit ICIS company intelligence
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By: Stefan Baumgarten
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