Shell sells refinery for $350 million

Sale of the Shell Puget Sound Refinery to Texas-based HollyFrontier for $350 million was announced Tuesday. In a Facebook post yesterday, the local refinery stated:
“Dear Friends: Today the site was informed Shell is divesting the Shell Puget Sound Refinery and selling the asset to HollyFrontier, pending regulatory approval. The refinery leadership is committed to being transparent with our employees and our community through the process. We will support our colleagues at the refinery, so we continue to run this world class refinery. Nothing is more important than our commitment to our people, the community and the environment.
We view our colleagues as family and are proud of our achievements on safety, reliability, performance, and community involvement. Our Puget Sound Refinery family thrives on our relationships with our neighbors and being a valued member of the community. It is a tradition we are immensely proud of, and as we proceed with the sale, we will work with the purchaser on how best to maintain these practices, our community involvement, and the critically important relationships we have with our neighbors in this wonderful community we call home.
This refinery has called Anacortes home for the last 63 years and every day we work to run our refinery in a manner that minimizes any impact to our neighbors. As always, if you have a question or comment about how we are operating, we hope you will call our Main Gate security office at 360-293-0800, or if you would like to connect with us on less urgent non-operational matters, please leave us a message on our community hotline at 360-293-1797. Our priority is to maintain our Puget Sound Refinery’s focus on Proudly Fueling Life in the Pacific Northwest – operating reliably, sending everyone home safely every day, continuing to show respect for our neighbors and the environment and being involved with and giving back to the community we love and call home.
Thank you for your ongoing support of our Puget Sound Refinery Family.”

HollyFrontier Corporation, headquartered in Dallas, Texas, is an independent petroleum refiner and marketer that produces high value light products such as gasoline, diesel fuel, jet fuel and other specialty products. HollyFrontier owns and operates refineries located in Kansas, Oklahoma, New Mexico, and Utah and markets its refined products principally in the Southwest U.S., the Rocky Mountains extending into the Pacific Northwest and in other neighboring Plains states. In addition, HollyFrontier produces base oils and other specialized lubricants in the U.S., Canada and the Netherlands, and exports products to more than 80 countries. HollyFrontier also owns a 57% limited partner interest and a non-economic general partner interest in Holly Energy Partners, L.P., a master limited partnership that provides petroleum product and crude oil transportation, terminalling, storage and throughput services to the petroleum industry, including HollyFrontier Corporation subsidiaries.