Shell announces Anacortes refinery up for sale

Equilon Enterprises LLC d/b/a Shell Oil Products U.S. (Shell), a subsidiary of Royal Dutch Shell plc, announced it is marketing two of its refineries in the United States: Puget Sound near Anacortes and Mobile, Alabama.

“The decision is consistent with the company’s previously disclosed plans to reshape its refining portfolio globally to leverage Shell’s natural strengths and integration opportunities,” Shell stated in a press release. “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.”

The statement noted: “This process could take many months and may or may not result in a finalized sales transaction. Shell may elect to discontinue the marketing process for one or both assets at any time. If the marketing process does not result in a finalized sales transaction, Shell plans to continue operating the refineries.”

“Both refineries have done an excellent job over the last number of years and have made several notable achievements in safety, reliability and performance,” said a company representative.

Shell Puget Sound Refinery is designed to process approximately 149,000 barrels per day of crude oil. Feedstocks primarily arrive from Alaska’s North Slope and central and western Canada, and the refinery produces multiple types of gasoline in addition to fuel oil, diesel fuel, propane, jet fuel, butane and petroleum coke.

(Photo, 2017 from Mt. Erie)