Shell selling small Germany refinery

By OGJ editors
HOUSTON, Aug. 20
-- Royal Dutch Shell PLC entered a binding agreement to sell its 90,000-b/d Heide refinery in Germany to Klesch & Co., a family investment firm based in London and Geneva.

Shell didn’t disclose terms. It said the deal, which is subject to regulatory approval and includes local infrastructure and businesses, is part of its plan to reduce global refining capacity by 15%.

The refinery’s processing capacities are 15,000 b/d visbreaking, 18,000 b/d cyclic catalytic reforming, 16,000 b/d catalytic hydrocracking for distillate upgrading, and 25,000 b/d catalytic hydrotreating for pretreatment of cat reformer feed.

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