18 March 2010 05:21 [Source: ICIS news]
SINGAPORE (ICIS news)--Oil giant Shell will inaugurate its multi-billion dollar integrated petrochemical complex in ?xml:namespace>
The timing of the opening was ideal due to the recent recovery of global markets, CEO Peter Voser told ST, adding that he was confident of the market’s ability to absorb Shell’s products.
Shell’s operations in Singapore and Malaysia were meanwhile unlikely to face any severe staff cuts as they were considered areas of high growth, Voser was quoted as saying in the ST article.
Shell had recently announced that it would axe an additional 1,000 jobs to lower costs. The job cuts would involve downstream and corporate positions, Voser told ST.
Once fully operational, Shell Eastern Petrochemicals Complex (SEPC) would be the company’s biggest fully-integrated refinery and petrochemicals hub, Shell said on its official website.
The wholly-owned facility would comprise a refinery and an 800,000 tonne/year ethylene (C2) cracker on
SEPC had begun commissioning work to start up the cracker in late February.
The complex also houses a world-scale 750,000 tonne/year monoethylene glycol (MEG) plant and a butadiene plant on neighbouring
The SEPC complex would also produce 155,000 tonnes/year of butadiene, 450,000 tonnes/year of propylene and 230,000 tonnes/year of benzene.
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