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Will Shell exit Pulau Bukom?
As the energy transition accelerates over the next decade, oil demand growth is expected to falter. In a more competitive, less profitable refining market, refiners need to high grade their portfolios to enhance both their margins and their overall carbon competitiveness. This will inevitably involve exiting assets that are competitively weak, high emissions or both. Our analysis indicates that Shell’s Pulau Bukom refinery-petrochemical site in Singapore is a prime candidate for such a strategic review. In our report Shell to exit Pulau Bukom? We explore the likely fate of the facility, using data and insight ... (full story)
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- Posted: Sep 18, 2023 3:07pm
- Submitted by:Category: Fundamental AnalysisComments: 0 / Views: 75
