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Talks End for Sale of Shell Refinery

8:51 AM MDT | August 6, 2010 | LINDSEY BEWLEY

Royal Dutch Shell says it will go ahead with previously announced plans to close its 130,000-bpd refinery at Montreal East and convert the site to a fuel terminal that will receive gasoline, diesel and aviation fuels. The site also has the capacity to produce about 55,000 m.t./year of propylene. The move comes after negotiations with a potential buyer fell through, Shell says (CW, June 14, p. 8). Shell last January said the refinery no longer fits the company’s long-term strategy and that it would put the refinery up for auction. The company was in talks with...

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