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ロイヤル・ダッチ／シェルグループ（Royal Dutch/Shell Group of Companies)

Shell Ethylene Center

　France：Berre

Berre l'Etang, South of France (35 km NW of Marseilles, Provence)

Ownership:

Steam Cracker: SCA (50% Shell, 50% Basell),
Polybutadiene: 100% DOW,
Polyethylene: Basell (50% Shell, 50% BASF),
Polypropylene: Basell (50% Shell, 50% BASF),
Additives: Infineum (50% Shell, 50% Exxon),
PVC: 100% VinylBerre (65% Atofina, 35% Solvin),
EPS: 100% Nova,
Kraton: 100% Kraton Polymers, 　　

　　　　Shell Sells Kraton To Ripplewood
　　　　Texas Pacific Group to Acquire KRATON Polymers from Ripplewood

Solvents/DIB, benzene, butadiene, CDT: 100% Shell.

Note: All Berre assets operated by Shell Petrochimie Mediterranee, a 100% Shell affiliate.

　Singapore ：Pulau Ayer Merbau (PCS)

Ayer Merbau (Jurong Island), Singapore

Ownership: Shell 50%, consortium of Japanese companies led by Sumitomo 50%

　The Netherlands ：Moerdijk

Moerdijk, Noord-Brabant, The Netherlands (30 km from Rotterdam, 15 km from Breda)

Ownership:

100% Shell;
SMPO-2: 100% Ellba (50% Shell, 50% BASF);
Vinylester plants: 100% Resolution

　USA ：Deer Park

Deer Park, Harris County, Texas, USA (Nearest large city: Houston, Texas)

Ownership:

100% Shell;
Resins: 100% Resolution Performance Products LLC
　　（formerly the Resins & Versatics business of Shell Group of Companies）

　USA：Norco

Norco, St. Charles, Louisiana, USA (Nearest Large City: New Orleans)

Ownership:

Chemicals: 100% Shell;
Resins: 100% Resolution

　Saudi Arabia Petrochemical Company (SADAF) joint venture in Saudi Arabia:

Products

Ethylene
Crude industrial ethanol (CIE)
Ethylene dichloride (EDC)
Caustic soda (CA)
Styrene monomer (SM)
Methyl tertiary butyl ether (MTBE)

　

　西豪州石化計画

2004/9/22 Shell

Shell Hosts Strategy Review: Regaining Upstream Strength, Delivering Downstream Profits

http://www.shell.com/home/Framework?siteId=media-en&FC2=/media-en/html/iwgen/news_and_library/press_releases/2004/zzz_lhn.html&FC3=/media-en/html/iwgen/news_and_library/press_releases/2004/strategy_pres_stock_22092004.html

- $45 billion in capital expenditure 2004-2006 anticipated - Focus on more Upstream gas and oil  - Extend LNG leadership position - Focus on profitability and cash flow from Downstream businesses - $10-12 billion in divestments planned 2004-2006 - Higher energy price environment

Group Strategy and Priorities In his opening remarks, Mr. Van der Veer commented, “We have delivered sound financial results through the first half of this year, through some very tough times for Shell. “Our strategy and priorities for the way forward are: more upstream and profitable downstream  raising the performance bar focus on an ‘enterprise first’ culture Delivering Downstream Profits The Downstream businesses generate significant cash and earnings for the Group.  To extend this success the Group will: Fully integrate Oil Products and Chemicals under a single leadership team and further implement global standardised processes. Continue to strengthen the portfolio by shedding non-strategic and underperforming assets and to focus operations in selected profitable markets and businesses.  Regaining Upstream Strength Group Financial Framework Urgency and Action

日本経済新聞　2004/10/29

シェル　英蘭親会社を統合　経営の透明性確保狙う

　英蘭系ロイヤル・ダッチ・シェルグループは２８日、来年５月をメドに英国とオランダにある２つの親会社を統合すると発表した。

　同グループは新会社としてロイヤル・ダッチ・シェル(*1)を設立し、２つの親会社を実質的に吸収、本部はオランダのハーグに置く。現在の経営体制はオランダのロイヤル・ダッチ石油、英国のシェル・トランスポート・アンド・トレーディング（シェルＴＴ）(*2)という完全に独立した上場企業が６対４の割合で出資する持ち株会社を通じてグループ企業を統治していた。　

(*1)Royal Dutch Shell plc.

(*2) N.V. Koninklijke Nederlandsche Petroleum Maatschappij (“RD”)
　　　The “Shell” Transport And Trading Company, Public Limited Company (“ST&T”)

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2005/6/29　日本経済新聞　

シェル株主総会　英蘭親会社統合を承認

　グループの親会社であるオランダのロイヤル・ダッチ・ペトロリアムと英国のシェル・トランスポート・アンド・トレーディング(シェルＴＴ）がそれぞれ開いた株主総会では経営統合について、ほぼ１００%近い圧倒的な賛成を得た。来月２０日に統合を実施する予定だ。

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History of Shell
http://www.shell.com/

In 1833 Marcus Samuel opened a small shop in London, selling sea shells to Victorian natural history enthusiasts. It soon became a thriving import-export business.

On a visit to the Caspian Sea coast, Marcus’s son recognised a huge opportunity to export oil for lamps and cooking to the Far East. He commissioned the first special oil tanker in 1892, and subsequently delivered 4,000 tonnes of Russian kerosene to Singapore and Bangkok.

Meanwhile, the company Royal Dutch had been formed in the Netherlands to develop oil fields in Asia. By 1896 it had its own tanker fleet to compete with the British.

In time, it became obvious that the competing Dutch and British companies would do better working together. In 1907, the Royal Dutch/Shell Group of companies was created to incorporate their operations worldwide.

Throughout the early twentieth century, the Group expanded with acquisitions in Europe, Africa and the Americas. These were exciting times for the oil industry, as the mass production of cars had opened up a vast new market.

The First World War years saw many of Shell’s operations closed down or confiscated; but others were added or expanded, particularly in North America.

In 1919, Alcock and Brown made the first non-stop flight across the Atlantic - powered by Shell fuel. Shell Aviation Services was established that same year. The 1920s and 1930s were expansion years, with Shell businesses in new regions and new industry sectors; Shell’s first foray into chemicals began in 1929.

During the Second World War, Shell once again lost businesses, tankers and properties, but supported the Allied Governments with fuel supplies and chemical production.

2006/2/10 CNOOC and Shell Petrochemicals Company

Successful start up of CSPCL complex, Daya Bay

CNOOC and Shell Petrochemicals Company Limited (CSPCL) today announced it successfully produced on-specification ethylene and propylene on 29th January, 2006 at its petrochemicals complex in Daya Bay in Huizhou, Guangdong Province in China, following the completion of start-up and commissioning activities.

This marks another major milestone in the start-up phase of the world-scale cracker project, jointly owned by CNOOC Petrochemicals Investment Company Limited and Royal Dutch Shell (Shell) since the project final investment decision was taken in November 2002.

"We are all very excited and pleased with the quick progress to on-specification ethylene and propylene production since our previous announcement of construction completion on December 30," Mr Simon Lam, Chief Executive Officer of CSPCL said.

"This is testimony to the capability of the people of CSPCL and our contractors who have worked in excellent partnership to achieve this." he added.

With the successful production of C2/C3, the start up of downstream units will follow.

Platts 2006/8/8

Shell Chemicals to restructure North America MEG business

Shell Chemicals plans to restructure its North American mono ethylene glycol business beginning with the mothballing of its No 1 MEG unit in Geismar, Louisiana, by the end of 2006, a company source said Tuesday. The No 1 unit can produce 90,000 mt/year of MEG and overall produces 160,000 mt/year of ethylene oxide equivalences. Shell would still have the capacity to produce a total of about 375,000 mt/year of MEG from another two units at the Geismar complex.

Shell would further restructure its North American business once Shell Eastern Petroleum in Singapore, a 100% owned subsidiary of Shell Chemicals, completes its planned 750,000 mt/year MEG plant on Singapore's Bukom Island.
The plant was scheduled for completion by 2009-2010.

New York Times　August 27, 1993

AMERICAN CYANAMID TO BUY SHELL CROP PROTECTION UNITS

The American Cyanamid Company announced that it has agreed to purchase Shell Petroleum Inc.'s crop protection businesses. Terms were not disclosed. The sale would make American Cyanamid, based in Wayne, N.J., the world's sixth-largest crop protection company, moving up from 10th, the company said yesterday. Shell's sales of crop protection products were approximately $700 million in 1992

New York Times　June 17, 1993

SHELL IN TALKS TO SELL ITS FARM CHEMICALS UNITS

　

Forbes 2007/8/29

Shell And Dow Prepare $2.1 Billion Iraqi Petro Plan

Anglo-Dutch oil company Royal Dutch Shell is reportedly in talks with Dow Chemical to develop an Iraqi petrochemical plant for $2.1 billion, in a likely attempt to gain a strong foothold prior to the hoped-for opening up of the country's broken oil industry. But analysts believe the project itself has little hope of being profitable.

The plant is to be based in the southern city of Basra, and would therefore rely on the city's 120,000 barrels-a-day refinery for its feedstock.

awzi Hariri, who told Reuters on Wednesday that the upgrade would help "the local market and beyond."

"The Iraqi government has repeatedly been saying that they want investments in petrochemicals," said Global Insight's Ciszuk.

　　　2006/3/29　イラクの石油化学

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2007/8/30 business.timesonline.co.uk

Shell in talks over Iraqi chemicals plant

Shell is in talks with the Iraqi Government about restoring and expanding a chemical plant near Basra in a $2.1 billion (£1.1 billion) project. Fawzi Hariri, the Iraqi Industry Minister, revealed that the terms of an agreement with Shell and Dow Chemical, of the United States, could be concluded by the end of the year. “We are looking to upgrade this [PLANT] and evaluate what type of products and facilities we need for the local market and beyond,” it said. It is the latest sign that the world’s biggest energy companies are poised to begin the long-expected rush into Iraq after months of speculation.

2008/7/15 Shell　　　　　　　　　　　　　　　　　　　2006/6/30　バイオエタノールの状況

Shell and Iogen announce extended alliance to accelerate a next generation biofuel

Royal Dutch Shell plc and its subsidiaries (“Shell”) and Iogen Corporation today announced an extended commercial alliance to accelerate development and deployment of cellulosic ethanol.

The terms of the agreement include a significant investment by Shell in technology development with Iogen Energy Corporation, a jointly owned development company dedicated to advancing cellulosic ethanol.  The arrangement will also see Shell increasing its shareholding in Iogen Energy Corporation from 26.3% to 50%.  Shell first took an equity stake in 2002.

The collaboration with Iogen is a key part of Shell’s strategic investment and development programme in biofuels, particularly in 'next generation' biofuels using non-food feedstocks.  The fuel is made from raw materials such as wheat straw and promises to reduce CO2 production by up to 90% compared to conventional gasoline.

2010/2/1 　　

Shell and Cosan sign MOU to form joint venture in Brazil

Shell International Petroleum Company Limited (Shell) and Cosan S.A. (Cosan) announced today they have signed a non-binding memorandum of understanding (MoU), with the intention to form a circa $12 billion joint venture (JV) in Brazil for the production of ethanol, sugar and power, and the supply, distribution and retail of transportation fuels.

Under the terms of the MoU, both companies would contribute certain existing Brazilian assets to the JV (see notes to editors).  In addition, Shell would contribute a total of $1.625 billion in cash, payable over two years.

The JV would enable Shell and Cosan to establish a scalable and profitable position in sustainable biofuels - one of the most realistic commercial solutions to take carbon out of the transport fuels sector over the next twenty years - by building a market-leading position in the most efficient ethanol producing country in the world.  With annual production capacity of about 2 billion litres and significant growth aspirations, the JV would be one of the world’s largest ethanol producers.  In addition, the inclusion of Shell’s equity interests in Iogen and Codexis would potentially enable the JV to deploy next generation biofuels technologies in the future.

The deal would also enhance both companies’ growth prospects and market position in the retail and commercial fuels businesses in Brazil.  With a network of about 4,500 retail sites and a total annual throughput of about 17 billion litres, the JV would have a leading position in the fuels retailing  market in Brazil, with strong potential for synergy capture and future growth. 

Mark Williams, Royal Dutch Shell’s Downstream Director, said: “Today’s announcement demonstrates the continued importance of Brazil to Shell.  We're looking forward to joining with a leading company in Brazil to meet the needs of retail and commercial fuels customers in that growing market. 

“We see joining with Cosan as a way to grow the role of low-carbon, sustainable biofuels in the global transportation fuel mix.  The joint venture would also enable Shell to set up a material and profitable bio-fuels business, with the potential to deploy next generation technologies.”

Rubens Ometto Silveira Mello, Cosan’s Chairman of the Board, said: “Cosan’s vision is to become a global leader in clean and renewable energy.  Our size, degree of sophistication and stage of development means we need a partner that not only shares our vision, but also has access to international markets to help us deliver our growth potential.

“We believe this JV would play an impactful role for the sustainability of our planet by increasing the worldwide supply and distribution of ethanol-based biofuels.  It would also consolidate Brazil’s leading position in a world looking for sustainable, efficient and reliable alternatives to satisfy energy demand.”

The two parties will now maintain exclusive negotiations towards a binding joint venture agreement, which shall be subject to final transactional documentation, due diligence, agreement between the two parties on important sustainability issues, regulatory approvals and respective corporate approvals.

Notes to editors

Cosan and Shell would contribute the following to the joint venture:

Royal Dutch Shell plc is incorporated in England and Wales, has its headquarters in The Hague and is listed on the London, Amsterdam, and New York stock exchanges. Shell companies have operations in more than 100 countries with businesses including oil and gas exploration and production; production and marketing of Liquefied Natural Gas and Gas to Liquids; manufacturing, marketing and shipping of oil products and chemicals and renewable energy projects including wind and solar power. For further information, visit www.shell.com.

The primary activity of Cosan S.A. Indústria e Comércio is the manufacturing and trading of sugar, ethanol and co-generation of electricity from sugarcane, as well as fuels distribution and production and distribution of lubricants. The Company has 23 producing units, with a nominal milling capacity of 60 million tons of sugarcane per year, producing varied qualities of raw and refined sugar and ethanol. The Company operates the export logistics for sugar and the distribution in the domestic market through the União and DaBarra brands which, together, hold approximately 50% of the retail market. The Company ranks as one of the four biggest fuel distributors in Brazil, with a distribution network of more than 1,700 service stations, visit www.cosan.com.br - opens in new window.
 
*Iogen Energy is a world leading biotechnology firm specializing in cellulosic ethanol - a fully renewable, cellulosic biofuel that can be used in today's cars. Iogen built and operates a demonstration scale facility to convert biomass to cellulosic ethanol using enzyme technology.

**Codexis is a leading developer of clean biocatalytic process technologies that can substantially reduce the cost of manufacturing across a broad range of industries. Codexis’s proprietary directed evolution technologies enable novel solutions for efficient, cost-effective and environmentally friendly processes for pharmaceutical, energy and industrial chemical applications.

2010/12/21

Qatar Petroleum and Shell sign MoU to jointly develop major petrochemicals project in Qatar

Qatar Petroleum and Shell have signed a Memorandum of Understanding to jointly study the development of a major petrochemicals complex in Ras Laffan Industrial City, Qatar.

The agreement was signed in Doha by His Excellency Abdulla bin Hamad Al-Attiyah, Deputy Prime Minister and Minister of Energy and Industry of the State of Qatar, and Peter Voser, Chief Executive Officer of Shell.

The scope under consideration would include a mono-ethylene glycol plant of up to 1.5 million tonnes per annum using Shell’s proprietary OMEGA (Only MEG Advantaged) technology and other olefin derivatives to yield over 2 million tonnes of finished products.

OMEGA is based on the successful integration and development of Shell’s EO process with Mitsubishi’s catalytic stand-alone MEG process.

the first commercial plant to use the OMEGA technology - Lotte Petrochemicals Company in Daesan, Korea
Another plant owned by PetroRabigh started up as expected in early 2009.
Production will begin at Shell’s own OMEGA-based 750,000 tonnes per annum facility at the Shell Eastern Petrochemicals

HE Minister Al-Attiyah said: “This agreement represents an important step towards implementing the vision of His Highness the Emir, Sheikh Hamad Bin Khalifa Al-Thani, regarding the optimal utilisation of the country’s natural gas resources and to expand the downstream industries in Qatar. Together with Shell we aim to study and develop a major petrochemical complex which aligns with our plans of increased petrochemical production and diversification of our product portfolio.”

Peter Voser said: “I am delighted that we have the opportunity to further expand our partnership with Qatar Petroleum in petrochemicals. Shell has over 80 years of experience in the global chemicals industry, playing a major part in its growth worldwide and developing some of its key manufacturing processes. This new project will combine Shell’s experience and technology with the ambition of the State of Qatar to create further value from its natural gas resources.”

In Qatar, Qatar Petroleum and Shell are together building Pearl Gas to Liquids (GTL) and Qatargas 4 LNG, two of the largest projects in the world in Ras Laffan Industrial City.

Jun 07, 2011 (Datamonitor via COMTEX)

Shell plans to build ethylene cracker in Appalachian region of US

Shell has announced that it is planning to build a ethylene cracker with integrated derivative units in the Appalachian region of the US.
The cracker would process ethane from Marcellus natural gas to produce ethylene, one of the primary building blocks for petrochemicals. Shell is evaluating derivative choices and the leading option is Polyethylene (PE), an important raw material for everyday items, from packaging and adhesives to automotive components and pipe. Most of the PE production would be used by northeastern US industries.
Demand for PE in North America is expected to grow, so the economic and efficiency benefits of a regional cracker make this configuration attractive. Shell has an array of long-term options to monetize natural gas. Extracting ethane and other natural gas liquids for petrochemicals production is one of these options that also include developing shipping solutions for LNG (liquefied natural gas); proprietary gas-to-liquids technology to produce fuels, lubricants and chemicals; and gas-for-transport in markets focusing on heavy duty vehicles, marine and rail transportation, said Shell.
"US natural gas is abundant and affordable. Shell has the expertise and technology to responsibly develop this vital energy resource, including associated products such as polyethylene for the domestic market," said Marvin Odum, President, Shell Oil Company. "With this investment, we would use feedstock from Marcellus to locally produce chemicals for the region and create more American jobs. As an integrated oil and gas company, we are best-placed in the area to do this."
Selection of the site for the cracker and derivative units would be determined in the next phase of the project. Building the facility would be subject to receiving all applicable permits.

West Virginia officials have been scrambling to get a cracker in hopes it could rejuvenate the state's ailing chemical industry. Crackers produce valuable byproducts from chemicals in natural gas that aren't needed to heat homes, including ethane, a key ingredient in plastics.

West Virginia and Pennsylvania are both home to large amounts of gas waiting to be extracted from the Marcellus shale.

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June 10, 2011 PLASTICS NEWS

Appalachia’s shale to fuel Shell cracker

In a move that would have been extremely unlikely even five years ago, Shell Oil Co. has announced plans to develop a cracker making the plastic feedstock ethylene - and possibly downstream polyethylene units - at an undisclosed location in Appalachia, which includes parts of Pennsylvania, West Virginia and Ohio.

The decision is being prompted by discoveries of massive amounts of natural gas in a geological formation known as Marcellus Shale. Natural gas can be used to make ethane, which is then converted into ethylene. The new discoveries are leading the industry’s top firms to reconsider their approach to ethylene and related plastic products in the region.

In a June 6 news release, officials with Houston-based Shell said PE is “the leading option” for downstream derivative choices. They described PE as “an important raw material for countless everyday items” and added that most of the resulting PE production will be used by Northeastern industries.

Officials added that North American PE demand is expected to grow, so the economic and efficiency benefits of a regional cracker “make this configuration attractive.”

“U.S. natural gas is abundant and affordable,” Shell Oil President Marvin Odum said in the release. “With this investment, we would use feedstock from Marcellus to locally produce chemicals for the region and create more American jobs.

“As an integrated oil and gas company, we are best-placed in the area to do this.”

Shell spokesperson Kayla Macke declined to provide a timetable for the project, but said via e-mail that a cracker and derivatives complex “typically takes at least five years to build, from the early definition of the project to being on-stream.”

Regarding size, Macke declined to provide specifics but confirmed that world-scale crackers generally produce more than 2 billion pounds of ethylene per year. “The precise size and scope of the proposed ethylene cracker and derivative units, including number of employees, will be determined as part of the study phase,” she said.

From a PE standpoint, Macke said that if Shell does pursue that material, officials “will be discussing with potential customers the advantages of our meeting their needs with a local source of supply and exploring whether or not to partner with an existing PE player.”

“We are looking at different options, from doing it ourselves to working with others,” she said.

Market watchers said that it’s possible Shell would want to work with international firms that have been eyeing the North American market ? such as Saudi Basic Industries Corp. of Saudi Arabia or Brazil’s Braskem SA ? to develop new PE sites.

Industry insiders also said it’s a bit ironic that Shell is taking this step, since the firm began exiting commodity petrochemical markets in the early 1990s. Shell did retain ownership in some PE and polypropylene assets through its stake in former joint ventures Montell and Basell before selling them off in 2005. Shell produces ethylene and related feedstocks at U.S. plants in Deer Park, Texas, and Norco, La.

Other firms such as Dow Chemical Co. and Westlake Chemical Corp. have announced ethylene expansions to take advantage of the new natural gas, but Shell is the first to place such a project in the Northeast. The Shell project would be the first new ethylene cracker to be built in North America since 2001, according to Chemical Market Associates Inc. in Houston. In that year, Formosa Plastics Corp. USA and a partnership between BASF Corp. and Total Petrochemicals each opened new crackers in Texas,

Shell owns or leases the natural gas rights for 700,000 gross acres in the Marcellus. Most of that acreage is in Pennsylvania, which makes it likely the new cracker would be located there. The firm operates an office in Warrendale, Pa., about 30 miles north of Pittsburgh, and employs almost 250 in natural-gas-related businesses across Pennsylvania. In July, Shell acquired East Resources Inc., a Warrendale-based oil and gas supplier.

Among those who follow plastics and chemicals markets, reaction to Shell’s big news was mixed. One observer who was less than thrilled with the announcement was Emily Wurth, water policy director for Food & Water Watch, a non-profit organization in Washington.

Wurth’s group and other environmental organizations have questioned the hydraulic fracturing process ? know as “fracking” ? used to access shale gas because of the possibility of groundwater contamination.

“We have a lot of concerns about the new technologies around fracking and the risk it poses,” Wurth said in a phone interview. “There’s a risk to public health and to the environment.”

Fracking also can lead to excessive methane production, she added. Safety also is an issue, since some regions where shale gas has been found are densely populated. Wurth also said that a recent report from the Energy Information Administration indicates that U.S. shale gas levels may be lower than previously believed, meaning that less gas is available for development. Her own group released a report criticizing shale gas development last July, and is set to release a second such report June 13, one that will call for a ban on fracking.

“The prospect of a major petrochemicals player announcing a project in the Marcellus Shale region was inevitable,” said Howard Rappaport, a CMAI market analyst. “There certainly are attractive logistic elements to the project with the available ethane production expected in the region and proximity to a large number of downstream fabricators and converters in the northeast part of the US and eastern Canada.”

He added that infrastructure support “will play an important role in the overall project as well as getting the necessary environmental permitting from local and federal governments.”

Market analyst Nick Vafiadis, also with CMAI, said that an ethylene project in the Northeast “would appear to have access to both feedstocks and derivative consumers … [and] would also likely target the domestic market.”

“It will be interesting to see if all of the expansion announcements that have been made [and have yet to be made] will actually materialize,” he added.

Market analyst Mike Burns with Resin Technologies Inc. in Fort Worth, Texas, said he was doubtful that Shell’s ethylene expansion will result in any new PE capacity for the region.

“North America doesn’t need any more [PE] based on current supply and demand,” he said.

Burns said high PE prices are hurting plastics firms that might benefit from a new ethylene cracker in the Appalachia region.

“There are a lot of processors in that area, so there’s a good customer base already,” he said. “But the way [PE makers] are overpricing resin, I don’t know if that base will be there when the new cracker opens.”

U.S./Canadian PE consumption has had its ups and downs in the last five years. It was roughly flat in 2006-07 before falling in 2008-09 as the global economic crisis hit. Consumption recovered modestly in 2010, but even so, the 2010 total was almost 9 percent lower than in 2006 ? falling to just over 29 billion.

At a CMAI-hosted conference earlier this year, Vafiadis said North American PE demand growth should average just under 3 percent annually between 2010 and 2015.

2011/8/1 BASF

Ownership structure changes in Sabina Petrochemicals joint venture between BASF Corporation, Total Petrochemicals and Shell Chemical

BASF Corporation and Total Petrochemicals USA, Inc., today announced a change in ownership of the Sabina Petrochemicals LLC joint venture that operates one of the world’s largest C4 complexes, which is located in Port Arthur, Texas. Shell Chemical LP, will exit the joint venture, effective Aug. 1, 2011. As of this date, BASF and Total Petrochemicals will be the sole partners in Sabina with 60:40 ownership shares. BASF will continue to operate the Sabina plants. The terms of the agreement are confidential.

“The change in ownership of the Sabina joint venture marks a milestone in its seven year history,” said Heidi Alderman, Senior Vice President, Petrochemicals, BASF Corporation. “BASF and TPI remain firmly committed to the Port Arthur site and plan to continue to invest in the site to optimize production capacity."

“This new structure provides a stronger partnership between TPI and BASF and allows us to strengthen the synergies between the Total Port Arthur Refinery, the BFLP (BASF FINA Petrochemicals Limited Partnership) and the C-4 Sabina operation,” said Geoffroy Petit, Chief Executive Officer, TPI Petrochemicals USA, Inc.

BASF FINA Petrochemicals Limited Partnership is a venture between BASF Corporation and FINA, Inc.. The limited partnership, in which BASF holds a 60 percent share and FINA holds a 40 percent share, was formed to manage the operations of the steam cracker project and related facilities.

The steam cracker is being built adjacent to FINA's Port Arthur refinery and will be operated by BASF on behalf of the partnership.

The cracker will convert naphtha and light hydrocarbons into mainly ethylene and propylene.

The Sabina Petrochemicals LLC C4 complex, adjacent to the BASF FINA Petrochemicals Limited Partnership’s steam cracker and Total Petrochemicals USA’s Port Arthur refinery, began operating in 200 4. The facility consists of two plants: the world’s largest single train butadiene extraction unit and an indirect alkylation unit. Butadiene is used in the production of rubber and plastics. Alkylate is used as a fuel additive for high octane gasoline blending.

2011/12/4 Shell

Qatar Petroleum and Shell sign Heads of Agreement for the development of a world-scale petrochemicals complex in Qatar

His Excellency Dr. Mohammed bin Saleh Al-Sada, Minister of Energy and Industry of the State of Qatar, and Peter Voser, Chief Executive Officer of Shell, signed today a Heads of Agreement that sets the scope and commercial principles for the development of a world-scale petrochemicals complex in Ras Laffan Industrial City, Qatar. This agreement follows the conclusion of a joint feasibility study conducted by the partners, Qatar Petroleum and Shell.

Qatar Petroleum and Shell sign a Letter of Intent for the Development of a World-Scale Petrochemical Complex

Qatar Petroleum and Shell sign MoU to jointly develop major petrochemicals project in Qatar

The scope under consideration includes a world-scale steam cracker, with feedstock coming from natural gas projects in Qatar; a mono-ethylene glycol plant of up to 1.5 million tonnes per annum using Shell’s proprietary OMEGA (Only MEG Advantaged) technology; 300 kilotonnes per annum of linear alpha olefins using Shell’s proprietary SHOP (Shell Higher Olefin Process); and another olefin derivative. The complex will produce cost-competitive petrochemicals products to be marketed primarily into Asian growth markets. Qatar Petroleum will have an 80% equity interest in the project and Shell 20%.

His Excellency Minister Al-Sada said: “This critical petrochemicals project fits well with Qatar’s strategy to strengthen and further diversify its growing chemicals industry and represents an important milestone on our journey to become a significant global petrochemicals producer. In line with directives of His Highness, the Emir, Sheikh Hamad Bin Khalifa Al Thani, this large petrochemicals complex will provide Qatar with another viable option to extract optimal value from its natural gas resources.”

Peter Voser added: “This agreement marks the beginning of another partnership with Qatar Petroleum for the development of a world-scale petrochemicals project in Qatar. Coming on the heels of the inauguration of Pearl GTL, this new venture demonstrates the commitment of both parties to deepen our relationship even further. Shell values the opportunity to bring to Qatar the expertise and technology necessary to deliver a petrochemicals project of this scale and looks forward to its successful delivery.”

Qatar Petroleum and Shell have delivered Pearl Gas-to-Liquids (GTL) and Qatargas 4 this year; two of the world’s largest projects built in Ras Laffan Industrial City.

SHOP (Shell Higher Olefin Process) is a chemical process for the production of linear alpha olefins via ethylene oligomerization and olefin metathesis invented and exploited by Royal Dutch Shell. The olefin products are converted to fatty aldehydes and then to fatty alcohols, which are precursors plasticizers and detergents.

OMEGA is based on the successful integration and development of Shell’s EO process with Mitsubishi’s catalytic stand-alone MEG process. Whereas MASTER technology uses an EO catalyst to react ethylene with oxygen to produce EO and a thermal process in which EO then reacts with water to form glycols, OMEGA is an entirely catalytic process.

Jchem-News 2004年12月2日

☆ラービグ計画のＥＧ技術、シェル／三菱化学勢がライセンス供与へ

　住友化学とサウジアラムコがサウジアラビアでの共同石化投資計画の生産品目に盛り込んだエチレングリコール (ＥＧ、ポリエステル原料)の製造技術を、英蘭ロイヤルダッチシェルグループがライセンス供与することになった。シェルは三菱化学と共同開発した高収率プロセス「オメガ法」を投入する。同技術が中東で採用されるのはこれが初めて。
韓国・湖南石化、サウジ・ペトロラービグ、シンガポール・シェルの3プラント稼働

　

Pearl GTL will be the world’s largest source of gas-to-liquids (GTL) products, producing 140,000 barrels of GTL products each day. The plant will also produce 120,000 barrels of oil equivalent per day of natural gas liquids and ethane.

Qatargas 4 is Shell’s first entry into Qatar’s liquefied natural gas (LNG) sector and brings to seven the number of countries where Shell participates in LNG supply projects. The single LNG mega train delivers approximately 7.8 million tonnes per annum of LNG.

2012/6/2 MENAFN

Saudi Aramco, Shell complete expansion in Motiva JV

Saudi Aramco and Royal Dutch Shell uncovered the completion of its USD10 billion expansion plan for their joint-venture Motiva Enterprises Texas Gulf Coast refinery, as it reached its full output capacity, Reuters reported.

The plan includes building a new crude distillation unit (CDU) and associated units, taking the refinery's total output to 600,000 bpd capacity from 258,000 bpd output before the expansion, taking the crown from Exxon Mobil Corp's 560,640 bpd Baytown, Texas, refinery, as the largest in the country.

The expansion project also targets boosting fuel exports to 100,000 bpd once pipeline infrastructure from the plant to its docks is completed, according to Motiva president and CEO Bob Pease.

The Motiva project was launched in 2007, when US fuel demand was up and refinery capacity was seen as inadequate. That changed when the global financial crisis hit, slashing demand and prompting closures of several unprofitable refineries.

Al-Falih, president and CEO of Saudi Aramco said that Motiva postponed the expansion plans for about a year in late 2008 to cut costs.

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Motiva Enterprises, LLC, is a 50–50 joint venture between Shell Oil Company (the wholly owned American subsidiary of Royal Dutch Shell) and Saudi Refining (controlled by Saudi Aramco). The company is currently headquartered in Houston, Texas.

In 1988 Texaco and Saudi Refining agreed to form a joint venture known as Star Enterprise in which Saudi Refining would own a 50 percent share of Texaco's refining and marketing operations in the eastern United States and Gulf Coast.

 In 1997 Shell embarked on two joint ventures with Texaco where the companies merged their marketing and refining operations. The operations in the western and midwestern United States were merged into a company called Equilon.
The Star Enterprise operation and Shell's eastern and southeastern operations were merged into a company called Motiva.
After Texaco merged with Chevron in 2001, Shell and Saudi Refining purchased Texaco's interests in the joint ventures. Equilon became a fully owned subsidiary of Shell, while Saudi Aramco and Shell each became equal owners of Motiva.

　
2014/1/2 Shell

Shell boosts its leadership in global LNG with the completion of Repsol S.A. LNG deal

Royal Dutch Shell plc today announces the successful completion of the acquisition of Repsol S.A.'s liquefied natural gas (LNG) portfolio outside North America for a headline cash consideration of $4.1 billion. As part of the transaction, Shell will also assume $1.6 billion of balance sheet liabilities relating to existing leases for LNG ship charters, substantially increasing the shipping capacity available to Shell's world-class LNG marketing business.

The deal gives Shell an additional 7.2 million tonnes per annum (mtpa) of directly managed LNG volumes. The company's already diverse and flexible portfolio will be boosted with LNG supply in the Atlantic from Trinidad & Tobago, and in the Pacific from Peru. In addition, it immediately contributes additional cash flow, while requiring limited on-going capital expenditure.

Since the announcement of the transaction in February 2013, certain value adjustments have been made in accordance with the terms of the sales and purchase agreement. These are expected to lead to a net cash purchase price of $3.8 billion (subject to post closing adjustments), compared to purchase price of $4.4 billion announced in February 2013, and balance sheet liabilities of $1.6 billion, compared to $1.8 billion at the initial announcement. This includes the exercise of pre-emption rights of the BBE power plant in Spain by an existing partner as well as other adjustments such as the financial performance of the portfolio and working capital movements since the effective date of 1st October 2012.

The deal closed in 2014. Shell's capital investment in Q4 2013 will reflect $3.4 billion for this transaction with the remainder of $2.0 billion booked in 2014 of which $1.6 billion is a non cash item relating to finance ship leases.

Additional information

The transaction will add:
a) Net 4.2 mtpa equity LNG plant capacity, increasing the company’s equity LNG capacity by around 20%, from 22 to 26 mtpa.

  Atlantic LNG trains 1-4; 14.8 mtpa capacity on a 100% basis (20-25% equity per train); operated by Atlantic LNG Company of Trinidad and Tobago.
  Peru LNG 4.45 mtpa capacity, on a 100% basis (acquisition: 20% equity: 100% offtake); operated by Peru LNG Company.
  A fleet of LNG carriers, comprising both long term and short term time charters.

b) 7.2 mtpa of LNG volumes through long term off-take agreements.

c) As part of this agreement, as previously disclosed, Shell has committed to supply around 0.1 mtpa of LNG to Repsol’s Canaport LNG terminal in Canada over a period of 10 years.
　

Feb 26  2013

Royal Dutch Shell plc continues to expand its industry leadership in Liquefied Natural Gas (“LNG”), today agreeing to acquire part of Repsol S.A’s LNG portfolio outside of North America, including supply positions in Peru and Trinidad & Tobago, for a cash consideration of $4.4 billion. Shell will also assume and consolidate balance sheet liabilities predominantly reflecting leases for LNG ship charters of currently $1.8 billion. The balance sheet impacts are subject to final assessment prior to completion of the transaction.

Shell has agreed to acquire from several Repsol subsidiaries which own key LNG businesses of Repsol. Upon completion, after securing regulatory approvals and meeting other conditions precedent, the transaction will add:

a) Net 4.2 mtpa equity LNG plant capacity comprising:
• ALNG trains 1-4 14.6 mtpa capacity, on a 100% basis (20-25% equity per train); operated by Atlantic LNG Company of Trinidad and Tobago
• Peru LNG 4.45 mtpa capacity, on a 100% basis (acquisition: 20% equity; 100% offtake); operated by Peru LNG Company
• BBE power plant in Spain (25%, 800MW); operated by Bahía de Bizkaia Electricidad S.L.
• A fleet of LNG carriers, comprising both long term and short term time charters.

b) A material LNG marketing and trading operation, with 7.2 mtpa of LNG volumes through long-term off-take agreements.

c) As part of this agreement, Shell has committed to supply around 0.1 mtpa of LNG to Repsol’s Canaport LNG terminal in Canada over a period of 10 years.

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Atlantic LNG Company of Trinidad and Tobago

	出資	Train 1	Train 2,  Train 3	Train 4
BP(AMOCO）	34%	34%	42.5%	37.8%
BG	26%	26%	32.5%	28.9%
Repsol	20%	20%	25%	22.2%
NGC	10%	10%		11.1%
Summer Soca LNG Liquefaction	10%	10%

NGC=National Gas Company of Trinidad and Tobago
Cabot →Suez→Summer Soca LNG Liquefaction（a subsidiary of the Chinese Investment Corporation)

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Peru LNG is a natural gas liquefaction plant in Pampa Melchorita, Peru.

The company's operations also include a 408km gas pipeline and a maritime terminal, from which LNG will be shipped overseas, and a pipeline connected to the existing TgP pipeline to transport natural gas from the connection point in the mountains of Ayacucho to the LNG Plant located on the coast at km. 170 of the South Pan American Highway.

Peru LNG  is a consortium of Hunt Oil Company (50%: operator), SK Energy (20%), Repsol YPF (20%), and Marubeni (10%).
LNG offtake has been contracted to Repsol.

2014/6/17 Shell 

Shell further reduces its interest in Woodside

Royal Dutch Shell plc (“Shell”) today announced the sale of a total of approximately 156.5 million shares in Woodside Petroleum Limited (“Woodside”) representing a total estimated value to Shell of around US$5.0 billion on an after tax basis.

The sale, which represents 19.0% of Woodside’s issued share capital, is through an underwritten sell-down to equity market investors and a selective share buy-back by Woodside.

“Today’s announcement is part of our drive to improve Shell’s capital efficiency and to focus our Australia growth in directly owned assets”, said Shell Chief Executive Officer Ben van Beurden. “It doesn’t change our view of Australia as an important player on the global energy stage, or Shell’s central role in the country’s energy industry.”

Shell Australia’s Country Chair, Andrew Smith, added, “Woodside is an important strategic partner for us, through our investments in established projects such as the North West Shelf and growth opportunities such as Browse.

We are pleased we have been able to work with Woodside to find a solution that allows us both to meet our strategic objectives. We continue to see Australia as an important place for us to invest and grow our business.”

Shell’s subsidiary, Shell Energy Holding Australia Limited (“SEHAL”) has mandated two investment banks to sell 78.27 million shares in Woodside, through an underwritten sell-down at a price of A$41.35 per share.

This part of the sale represents around 9.5% of the issued capital in Woodside, with the shares to be sold to a range of equity market investors. The sell-down is expected to complete on 18 June 2014.

Under an agreement with SEHAL, Woodside will also buy-back 78.27 million of its shares from SEHAL at a price of US$34.24 per share.

The buy-back price per share has been split into a dividend component of US$26.29 per share and a capital component of US$7.95 per share, as agreed with the Australian Taxation Office (ATO) in a private ruling. SEHAL will receive franking (tax paid) credits on the dividend component with the effect that no further tax is payable by SEHAL on the dividend component.

Completion of the buy-back will be subject to limited conditions, including consent under a number of Woodside’s facility agreements, an independent expert opinion and Woodside shareholder approval. Completion of the buy-back is expected in early August 2014.

After the buy-back and the sell-down have been completed, including cancellation of the buy-back shares by Woodside, SEHAL’s shareholding in Woodside will reduce to below 5%. As part of this transaction, SEHAL has committed to retain its remaining shares in Woodside for 90 days from completion of the sell-down, with limited exceptions.

Notes for editors

Shell’s world-wide LNG equity liquefaction capacity is 26.1 mtpa (million tonnes per annum), with interests in eleven LNG plants. The announced transaction will reduce Shell’s equity liquefaction capacity to 25.5 mtpa after the sell-down and to 24.9 mtpa after completion of the share buy-back.

Australia is set to underpin Shell’s next tranche of LNG growth, with the Gorgon LNG project (~15 mtpa), where Shell has a 25% interest and the Shell-operated Prelude Floating LNG project (3.6 mtpa LNG + 1.7 mtpa NGLs), in which Shell holds a 67.5% interest.

Shell has further options for the next generation of LNG growth, in Australia, North America and Indonesia.

Shell also continues with an active and successful exploration campaign adding to further options for future development.

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BBC

Energy giant Royal Dutch Shell is cutting its stake in Australia's Woodside in a share sale that will net it some $5bn (£3bn).

Shell will sell around 156.5 million shares, which represents 19% of Woodside's issued share capital.

Upon completion, the European firm's stake in Woodside will be reduced from its current 23.1% to 4.5%.

Shell has said in a statement it wants to focus its "Australian growth in directly owned assets."

The company's chief executive Ben van Buerden added: "It doesn't change our view of Australia as an important player on the global energy stage, or Shell's central role in the country's energy industry.
We continue to see Australia as an important place for us to invest and grow our business."

Earlier this year Shell reported a 44% drop in first-quarter profits after it wrote down the value of refineries in Asia and Europe.

The cutting of its Woodside stake will take place over two stages.

Shell will offload a 9.5% stake or 78.3 million Woodside shares to institutional investors, at a price of $41.35 Australian dollars per share, by Wednesday.

It will also be selling another 78.3 million shares to Woodside in a buyback programme, at $36.49 Australian dollars per share.

The buyback is subjected to approval by Woodside's shareholders, as well as independent expert opinion that the transaction is "fair and reasonable" to all Woodside shareholders.

Chief executive of the Australian gas and oil firm, Peter Coleman, said in a statement submitted to the Australian stock exchange: "This combined transaction is an efficient and disciplined use of capital and creates value for all our shareholders.

"The combined transaction will also increase our liquidity in the market and resolve the uncertainty in relation to Shell's shareholding that has existed for several years."

The firm had originally sold one-third of its Woodside stake in November 2010, for $3.3bn.

June 18, 2014 CNOOC　

CNOOC, Shell Ink Agreement on Global Strategic Partnership

by  CNOOC

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Press Release

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Wednesday, June 18, 2014

　

More Share:   Facebook Twitter Google+ Reddit 　 China National Offshore Oil Corporation (CNOOC) and Royal Dutch Shell plc announced Tuesday that they have signed a Global Strategic Alliance Agreement that reconfirms both parties' commitment to the existing strategic partnership in China and around the world. Under the Agreement, the companies also commit to exploring potential cooperation opportunities in upstream, midstream and downstream. The Agreement was signed by CNOOC Chairman Wang Yilin and Shell Chairman Jorma Ollila. Chinese Premier Li Keqiang, who is on an official state visit to London, and British Prime Minister David Cameron witnessed the signing of the Agreement. CNOOC Chairman Wang Yilin said: "We are delighted to see our strategic partnership with Shell taking a step further under the Agreement. It is another milestone for our already fruitful, mutual-beneficial cooperation. I look forward to deeper and more extensive cooperation with Shell." CNOOC and Shell have enjoyed an excellent partnership in and outside China in both upstream and downstream projects including offshore Yinggehai off Hainan Island and a successful petrochemicals joint venture in Huizhou, Guangdong province. The parties are also working together in liquefied natural gas (LNG) projects and upstream deepwater projects including in Gabon and Brazil among others. Ben van Beurden, Shell's CEO, said: "We are very happy to reconfirm our commitment to the Shell-CNOOC strategic partnership that has borne many fruits. We are committed to growing business together with CNOOC and other Chinese partners and cooperating with them internationally to bring more clean energy to China."

- See more at: http://www.rigzone.com/news/oil_gas/a/133608/CNOOC_Shell_Ink_Agreement_on_Global_Strategic_Partnership#sthash.YSB4tV4T.dpuf

CNOOC, Shell Ink Agreement on Global Strategic Partnership

China National Offshore Oil Corporation (CNOOC) and Royal Dutch Shell plc announced Tuesday that they have signed a Global Strategic Alliance Agreement that reconfirms both parties' commitment to the existing strategic partnership in China and around the world.

Under the Agreement, the companies also commit to exploring potential cooperation opportunities in upstream, midstream and downstream. The Agreement was signed by CNOOC Chairman Wang Yilin and Shell Chairman Jorma Ollila. Chinese Premier Li Keqiang, who is on an official state visit to London, and British Prime Minister David Cameron witnessed the signing of the Agreement.

CNOOC Chairman Wang Yilin said: "We are delighted to see our strategic partnership with Shell taking a step further under the Agreement. It is another milestone for our already fruitful, mutual-beneficial cooperation. I look forward to deeper and more extensive cooperation with Shell."

CNOOC and Shell have enjoyed an excellent partnership in and outside China in both upstream and downstream projects including offshore Yinggehai off Hainan Island and a successful petrochemicals joint venture in Huizhou, Guangdong province. The parties are also working together in liquefied natural gas (LNG) projects and upstream deepwater projects including in Gabon and Brazil among others.

Ben van Beurden, Shell's CEO, said: "We are very happy to reconfirm our commitment to the Shell-CNOOC strategic partnership that has borne many fruits. We are committed to growing business together with CNOOC and other Chinese partners and cooperating with them internationally to bring more clean energy to China."

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日経

シェル、中国国有石油と戦略提携　石油開発など技術・資金協力

英蘭ロイヤル・ダッチ・シェルは17日、中国国有石油の中国海洋石油総公司（ＣＮＯＯＣ）と戦略提携すると発表した。中国国内外の石油・天然ガス開発から石油精製・化学まで、双方の技術や資金面などで協力する。シェルは世界のエネルギー需要の２割強を占める中国との結びつきを強め、液化天然ガス（ＬＮＧ）の販路を確保する狙いもある。

世界最大のＬＮＧ供給者で鉱区開発やマーケティングなどのノウハウが豊富なシェルと、増加する内需に応える必要があり資金力のあるＣＮＯＯＣが組む。両社は中国の洋上鉱区や石油化学合弁のほか、アンゴラやブラジルの鉱区開発でも協力し、こうした事例を広げる。

英ＢＰも同日、ＣＮＯＯＣに2019年から20年間以上、ＬＮＧを供給する契約を結んだと発表した。最大でＣＮＯＯＣの13年の輸入量の１割強にあたる年150万トンを供給する。

中国は５月にロシアからの天然ガスの大型契約を決めた一方、10年代後半には各地で新たなＬＮＧ生産が始まり、ＬＮＧ需要が緩む可能性が指摘される。ＢＰは早い段階に安定顧客を確保する利点がある。

シェル、ＢＰとも李克強中国首相の訪英にあわせ、提携や大型契約をまとめた。

英中、経済協力を強化　ＬＮＧ供給拡大などで合意

2015/8/7 

Shell to sell stake in Tongyi Lubricants to Huo’s Group and The Carlyle Group

Shell has signed an agreement to sell its 75% stake in Tongyi Lubricants統一潤滑油 in China to Huo’s Group 霍氏集团　and The Carlyle Group. The transaction is expected to complete by late 2015 or early 2016, subject to regulatory approvals.
Tongyi, a joint venture between Shell and Huo’s Group, is a prominent Chinese lubricant supplier with blending plants in Beijing, Xianyang of Shaanxi province山西省咸陽市（生产能力10万吨）， and Wuxi of Jiangsu province、江蘇省無錫. Shell acquired its 75% stake from Huo’s Group in 2006. The sale is consistent with Shell’s strategy to concentrate its Downstream footprint on a smaller number of assets and markets where it can be most competitive. 

Shell is committed to growing its lubricants business in China through strong relationships with distributors, collaboration with key vehicle and equipment manufacturers, and the sale of premium products across all sectors. In June 2015, Shell opened a new lubricants blending plant in Tianjin with the capacity to produce 330 million litres of finished lubricants per year, enough to fill more than 65 million cars.

Other recent Downstream divestments include the sale of Downstream businesses in Australia and Italy; a number of retail sites in the UK, and the initial public offering of, and further drop downs to, Shell Midstream Partners L.P. Shell has also agreed the sale of its marketing business in Denmark and Norway and its LPG businesses in France. In July 2015, Shell announced the sale of its shareholding in Showa Shell in Japan to Idemitsu. 

Huo’s Group, headquartered in Beijing and established in 1983, is one of the large conglomerates in China. After 32 years’ of fast growth, Huo’s Group now operates three main businesses: energy efficiency and renewable industry, modern warehouse and logistics, and financial services. Huo’s Group values the development of human resources and employs over 1,000 staff across China. The Group follows the steps of modern corporation management and has achieved fast and sustainable development.  Huo’s Group’s purpose is to provide the China market with leading, reliable and competitive products and services.

Huo Zhenxiang霍振祥, Chairman of Huo’s Group 霍氏集团

Mr. Zhenxiang Huo serves as Managing Director of Alliance Success Holding Group Limited. Mr. Huo founded Beijing Monarch Lubricating Oil Co. Ltd in 1999 and in 2006, he sold the controlling shares of Monarch Lubricating to Shell. He has been in petrochemical, logistics, business management and investment industry for over 35 years. Mr. Huo serves as Vice Chairman of Shell Tongyi (Beijing) Petrochemical Co., Ltd., Vice Chairman of China Chamber of Commerce for Petroleum Industry. He has been a Director of Anterra Energy, Inc. since November 2009. He serves as a Member of Municipal People’s Congress in Beijing.

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Carlyle Group will own a majority stake in Tongyi after the deal closes, a Carlyle spokeswoman said. The parties said the transaction is expected to close by early next year.

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Dec. 11, 2014

Shell Looks to Sell Stake in China Lubricants Business Tongyi

Royal Dutch Shell PLC is looking to sell its entire stake in a Chinese oil-lubricants business in a deal that could fetch up to $500 million, as the Anglo-Dutch energy firm sheds assets across the globe amid declining oil prices.

Shell has started a sale process for its 75% stake in the Tongyi oil lubricants joint venture, with bids expected to come in between $350 million and $500 million, according to people familiar with the situation, offering prospective buyers a rare majority stake in a Chinese company.

Blackstone Group LP appears to be in a strong position for first-round bids among the private-equity firms looking at the Chinese operation, according to these people. The U.S. private-equity firm is working with the founder of the Tongyi joint venture, Huo Zhenxiang, to craft a joint bid, they said. Mr. Huo owns the remaining 25% stake in Tongyi.

Shell’s management is looking to raise cash and slim down to boost returns as declining oil prices pressure results. When Shell Chief Executive Ben van Beurden took the helm in January, he laid out plans to sell $15 billion of assets by the end of 2015. Mr. van Beurden has turned his focus away from increasing investments and toward improving free cash flow and raising stock dividends to appease investors.

The company’s shares have fallen more than 5% this year.

Shell hired China International Capital Corp. to sell its 75% stake in Shell’s Tongyi brand of oil lubricants for cars, motorcycles, and other vehicles, according to people familiar with the situation. The Beijing-based investment bank is canvassing potential buyers for the business, and private-equity firms and industry players are expected to participate in the first-round bidding, these people said.

The business could be particularly interesting to deal makers because it is a rare slice of China’s energy industry where foreigners can own controlling stakes.

Shell unveiled the acquisition of the Tongyi stake in September 2006 for an undisclosed price. Now, it is looking to sell the local lubricants business as it focuses on expanding other brands. Shell operates the largest lubricant business in China among international oil firms. It markets lubricants under its own Shell Helix brand for standard gasoline vehicles and the Shell Rimula brand for diesel vehicles.

If a sale is completed, Shell will continue to have substantial operations in China. Among those are a network of around 1,000 retail fuel stations, natural-gas exploration projects in western China’s Sichuan province, and an investment in the Nanhai petrochemicals complex that is a joint venture between Shell and China National Offshore Oil Corp., known as Cnooc.

2015/11/30  Shell

Shell takes final investment decision to expand Alpha Olefins production at Geismar chemical plant in US Gulf Coast

Shell Chemical LP (Shell) today announces the final investment decision to increase Alpha Olefins (AO) production at its chemical manufacturing site in Geismar, Louisiana, making the site the largest AO producer in the world. Shell will construct a fourth AO unit, adding 425,000 tonnes of capacity. The chemical site is used in the production of stronger and lighter polyethylene plastic for packaging and bottles, as well as engine and industrial oils and drilling fluids.

“This important investment demonstrates our ongoing commitment to the growth potential in chemicals,” said Graham van’t Hoff, Executive Vice President for Royal Dutch Shell plc’s global Chemicals business. “With the investment in new, profitable facilities, Shell Chemicals is well placed to respond to increased global customer demand for linear alpha olefins. We have strong technology, advantaged ethylene feedstock from nearby Norco and Deer Park sites, and operational flexibility to allow us to respond to market conditions.”

Construction of the new unit will begin in the first quarter of 2016. The new capacity brings the total AO production at Shell’s Geismar site to more than 1.3 million tonnes per annum; the site, with a strong track record of reliable and safe performance, also produces alcohols, ethoxylates, ethylene oxide and ethylene glycols.

The Shell Geismar Chemical Plant is located next to the Mississippi River, about 20 miles south of Baton Rouge, Louisiana. It is a stand-alone chemicals manufacturing plant, operated by Shell Chemical LP. In addition to Geismar, Shell produces AO at Stanlow in the UK, operated by Essar Oil (UK) Ltd on Shell’s behalf as part of an integrated oil refinery and petrochemicals site.
　

2016/3/16

Saudi Refining, Inc. and Shell sign letter of intent to separate Motiva assets

Saudi Arabian Oil Company ("Saudi Aramco") through its wholly owned Saudi Refining Inc. ("SRI") subsidiary and Royal Dutch Shell plc, through its U.S. downstream affiliate, announce today they have signed a non-binding Letter of Intent to divide the assets of Motiva Enterprises LLC. The Motiva joint venture was formed in 1998 and has operated as a 50/50 refining and marketing joint venture between the parties since 2002.

In the proposed division of assets, SRI will retain the Motiva name, assume sole ownership of the Port Arthur, Texas refinery, retain 26 distribution terminals, and have an exclusive license to use the Shell brand for gasoline and diesel sales in Texas, the majority of the Mississippi Valley, the Southeast and Mid-Atlantic markets.
Shell will assume sole ownership of the Norco, Louisiana refinery (where Shell operates a chemicals plant), the Convent, Louisiana refinery, nine distribution terminals, and Shell branded markets in Florida, Louisiana and the Northeastern region.

"Motiva's performance has been transformed in the last two years. We propose to combine the assets we will retain from the joint venture with Shell's other Downstream assets in North America. This is consistent with both the Group and Downstream strategy to provide simpler and more highly integrated businesses which deliver increased cash and returns," said John Abbott, Shell Downstream Director.

Abdulrahman F. Al-Wuhaib, Senior Vice President of Downstream, Saudi Aramco said: "Saudi Aramco subsidiaries and affiliates have had a presence in the U.S. for over 60 years, and the Motiva joint venture with Shell has served our downstream business objectives very well for many years. However, it is now time for the partners to pursue their independent downstream goals. The Port Arthur refinery will advance Saudi Aramco's global downstream integration strategy through supply & trading, refining and fuels marketing, chemicals and base oils. Motiva's employees will continue to be critical to fulfilling our future growth potential in the Americas, reinforcing our reliable customer service and supporting the communities where we operate. We fully support Motiva's continuing transformation journey to become an autonomous integrated downstream affiliate."

Dan Romasko, Motiva President and CEO, said: "Motiva has benefited greatly from the nearly two decades of support and resources provided by Shell and Saudi Aramco. While the parties work towards definitive agreements, Motiva will remain focused on our growth agenda, running operations in a safe, environmentally sound and efficient manner while continuing to reliably serve our customers."

Both Motiva shareholders are committed to supporting the venture during this period of transition and assuring excellent customer service and continued health, safety and environmental performance. During the period of transition, shareholder financing support arrangements for Motiva remain in place and both shareholders are committed to maintaining Motiva's balance sheet strength and liquidity.

Under the terms of the LOI, the partners will evaluate options and select an optimal deal structure with the objective of formalizing a definitive agreement to divide and transfer Motiva Enterprises LLC's assets, liabilities and employees between the companies. The companies will make a further joint announcement in due course.
Notes to the editor

Cooperation between the companies also includes: Saudi Aramco Shell Refinery Co. (SASREF) - a 50:50 joint venture refining enterprise at Jubail Industrial City in Saudi Arabia with a crude oil refining capacity of 305,000 bpd. Shell and Saudi Aramco also have a multiyear relationship in the Showa JV in Japan. Shell recently reached an agreement to sell shares representing a 33.24% shareholding in Showa to Idemitsu Kosan. Shell will retain a 1.80% holding in the company after completion later this year.

The refining assets from Motiva which will be owned and operated by Shell include the 230,000 barrel per day Convent refinery located in St. James Parish, Louisiana and the 235,000 barrel per day Norco refinery located in St. Charles Parish, Louisiana.

The refining asset from Motiva which will be owned and operated by Saudi Aramco is the 600,000 barrel per day Port Arthur refinery located in Port Arthur, Texas.

Distribution terminals, retail assets, branded and commercial customer agreements will be divided by geography in a way to ensure each partner has an integrated and robust business.

SRI will have exclusive use of the Shell brand through a long-term license agreement in its area of operation.

　

About Motiva Enterprises LLC

Headquartered in Houston, Texas, Motiva Enterprises LLC refines, distributes and markets petroleum products. With three refineries in the U.S. Gulf Coast region, Motiva has a combined capacity of over 1.1 million barrels per day. The company's marketing operations support a network of approximately 8,300 Shell-branded gasoline stations in the eastern and southern United States. Motiva is owned equally by affiliates of Saudi Aramco and Shell Oil Company.

After Texaco merged with Chevron in 2001, Shell and Saudi Refining purchased Texaco's interests in the joint ventures. Equilon became a fully owned subsidiary of Shell, while Saudi Aramco and Shell each became equal owners of Motiva.

Jun 7, 2016 Shell 

Shell to build a new Petrochemicals complex in Pennsylvania

     Construction for complex with ethylene cracker and polyethylene derivatives unit to begin in 18 months.

Shell Chemical Appalachia LLC (Shell) has taken the final investment decision to build a major petrochemicals complex, comprising an ethylene cracker with polyethylene derivatives unit, near Pittsburgh, Pennsylvania, USA. Main construction will start in approximately 18 months, with commercial production expected to begin early in the next decade.

The complex will use low-cost ethane from shale gas producers in the Marcellus and Utica basins to produce 1.6 million tonnes of polyethylene per year. Polyethylene is used in many products, from food packaging and containers to automotive components.

The facility will be built on the banks of the Ohio River in Potter Township, Beaver County, about 30 miles north-west of Pittsburgh. As a result of its close proximity to gas feedstock, the complex, and its customers, will benefit from shorter and more dependable supply chains, compared to supply from the Gulf Coast. The location is also ideal because more than 70% of North American polyethylene customers are within a 700-mile radius of Pittsburgh.

2015年6月15日、Shell ChemicalsはPotter Townshipの亜鉛精錬所跡地1000エーカーをHorsehead Corporationから買収した。

The project will bring new growth and jobs to the region, with up to 6,000 construction workers involved in building the new facility, and an expected 600 permanent employees when completed.

“Shell Chemicals has recently announced final investment decisions to expand alpha olefins production at our Geismar site in Louisiana and, with our partner CNOOC in China, to add a world-scale ethylene cracker with derivative units to our existing complex there,” said Graham van’t Hoff, Executive Vice President for Royal Dutch Shell plc’s global Chemicals business. “This third announcement demonstrates the growth of Shell in chemicals and strengthens our competitive advantage.”

Nov 30, 2015　

Alpha Olefins expansion announced for Geismar, Louisiana

Shell Chemical LP today announces the final investment decision to increase Alpha Olefins (AO) production at its chemical manufacturing site in Geismar, Louisiana, making the site the largest AO producer in the world. Shell will construct a fourth AO unit, adding 425,000 tonnes of capacity.

Construction of the new unit will begin in the first quarter of 2016. The new capacity brings the total AO production at Shell’s Geismar site to more than 1.3 million tonnes per annum; the site, with a strong track record of reliable and safe performance, also produces alcohols, ethoxylates, ethylene oxide and ethylene glycols.

In addition to Geismar, Shell produces AO at Stanlow in the UK, operated by Essar Oil (UK) Ltd on Shell’s behalf as part of an integrated oil refinery and petrochemicals site.

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2016/3/22　Shell

CNOOC and Shell take final investment decision to expand petrochemical complex in China

China National Offshore Oil Corporation (CNOOC) and Shell Nanhai B.V. today announce the final investment decision to expand CNOOC and Shell Petrochemical Company’s (CSPC) existing 50:50 joint venture (JV) in Huizhou, Guangdong Province, China. This decision follows the announcement of a Heads of Agreement in December 2015 between the two partners. Subject to regulatory approvals, CNOOC and Shell have agreed that CSPC should take over CNOOC’s ongoing project to build additional chemical facilities next to CSPC’s petrochemical complex.

The project includes the ongoing construction of a new ethylene cracker and ethylene derivatives units, which will increase ethylene capacity by more than 1 million tonnes per year, about double the current capacity. It will also include a styrene monomer and propylene oxide (SMPO) plant, which will be the largest such plant ever built in China.

Shell will apply its proprietary OMEGA, SMPO and polyols technologies to produce 150,000 tonnes per annum (tpa) of ethylene oxide, 480,000 tpa of ethylene glycol and 600,000 tpa of high quality polyols. This increases the volumes and diversity of CSPC’s high quality product range to around 2 million tonnes per year, as well as enhances overall energy efficiency. It will be the first time that Shell’s industry-leading OMEGA and advanced polyols technologies will be applied in China.

Sun Oct 9, 2016

Royal Dutch Shell signs MOU with Iran's National Petrochemical

Royal Dutch Shell signed a preliminary memorandum of understanding (MOU) with Iran’s National Petrochemical Company on Sunday for cooperation in the petrochemical industry, the Iranian oil ministry’s news agency SHANA reported.

Hans Nijkamp, the head of the department for Iran affairs at Royal Dutch Shell, said the signing of the MOU came after months of negotiations between the two companies, according to SHANA.

"We believe that we can have joint projects in the petrochemical field with the National Petrochemical Company," he said.

Marzieh Shahdaei, Iran’s deputy oil minister and CEO of National Petrochemical Company, said that Iran plans to expand its petrochemical output from the current level of 60 million tons to 160 million tons by 2025, according to SHANA.

Amir-Hossein Zamaninia, a fellow Iranian deputy oil minister, expressed optimism that petrochemical projects between the two companies would be launched soon.

"With the wisdom that we see in the people working in our country’s petrochemical industry, without a doubt the projects of this company will be executed sooner than oil and gas projects," he said, according to SHANA.

Shell’s acquisition of BG Group Plc last year has turned its attention to existing assets and is sending “mixed signals about its desired role” in the Middle East, Arab Petroleum Investments Corp., the investment arm of Organization of Arab Petroleum Exporting Countries, said in a report last week.

Shell ended plans to build a $6.5 billion petrochemical plant in Qatar in 2015 and last year exited a natural gas venture in Abu Dhabi as the downturn in oil prices and the cost of developing the resources made those projects too expensive.

Last year, Shell broke up an 18-year refining partnership in the U.S. with Saudi Arabian Oil Co., known as Aramco, after halting investment in a natural gas venture with Aramco in 2014.

Shell still has a refining venture with Aramco in the kingdom, according to the Shell website. Aramco may be valued at about $2 trillion in an initial stock sale planned for next year. Sabic is the largest company on the country’s stock exchange by market value.

　

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Aug 16, 2017 　

Shell completes SADAF chemicals sale in Saudi Arabia to SABIC for $820mn

　

Shell has completed the sale of its 50% share in SADAF, the petrochemicals joint venture, located in Al Jubail, in the Kingdom of Saudi Arabia to SABIC for $820 million. This sale was announced on 22 January 2017. Completion follows anti-trust filings in the relevant countries and regulatory approval from the Kingdom of Saudi Arabia.
　

This acquisition will enable SABIC to optimise operations at SADAF and further invest in the facilities, integrating them with SABIC’s other affiliates. This step will allow Shell to focus its downstream activities and make selective investments to support the growth of its global chemicals business. Completion of this deal shows the clear momentum behind Shell’s global, value-driven $30bn divestment programme.

This deal does not impact Shell’s other interests in the Kingdom of Saudi Arabia.