Any possibility Deer Park Refinery will be retained in Shell’s portfolio?
4 replies (most recent on top)
@3flh+1ey0BsSl Well, in typical Shell fashion, they sold at the bottom. Refinery's doing great, best year ever. Chemicals, meh. Having inherited some of the Chemicals units as part of the divestment, we're finding out just how great Shell Chemicals handled it's business: poor documentation, missed and overlooked major maintenance scope, major equipment not even captured in SAP. Don't worry about it, though, we'll fix it so it's ready when Shell sells Olefins out from underneath you. How good has Chemicals reliability been again since divestment? How many leaks, releases, excess flaring coming out of turnaround. Yep, you'll be part of Chemex soon.
@ @2dqb+1ey0BsSl Spoken like a true Pemex employee. Chemicals reliability has always been miles better than refinery. Has the FCCU stayed running for longer than a year? Chemicals has a small hiccup and you refinery peons act like Shell will sell it immediately. Don’t forget, CAPEX/OPEX will go up now for chemicals now that we don’t have that anchor attached to us.
Nope. CFIUS approval granted two weeks ago. Deer Park Refinery already has Shell in their rear view mirror...as they should. Can't wait to see those pectens on the highway signs replaced with PEMEX eagles. The Chemical section of the site that Shell is retaining is struggling, relying on P&T to fix problems rather than those with the knowledge, experience and understanding of risk tolerance. I predict they won't remain in the Shell system very long.
Nah bro. The Mexicans said "hold my cerveza UK. Watch this!"