Shell extends operations at Hamburg refinery to March 2013

29 June 2011 17:15  [Source: ICIS news]

LONDON (ICIS)--Shell will continue running its 5.5m tonne/year refinery in Hamburg-Harbug, Germany, until March 2013, almost a year longer than planned, the energy and chemicals major said on Wednesday.

Meanwhile, talks to sell the refinery’s base oil operations are continuing, Shell added without disclosing details.

Shell said in January it plans to sell the base oil assets and convert the site into a terminal for oil products after a two-year effort to sell the refinery failed.

Under those plans, Shell was to close the refinery in the second quarter of 2012 and to complete the conversion of the site into a terminal in the course of 2012.

Shell said it obtained approval from authorities to continue running the refinery for an additional 10 months to March 2013. A further extension will not be possible, it added.

Last year, Shell sold its refinery at Heide, near Hamburg, to an investor.

Shell has also sold its Stanlow refinery in the UK, and it is converting a refinery in Montreal, Canada, into a terminal after talks to sell that facility failed last year.

For more on Shell and other producers visit ICIS company intelligence

By: Stefan Baumgarten
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