Baton Rouge-based firm bids $1.25 bln for Shell’s idled Louisiana refinery
May 24th, 2021
by John Donovan.
Baton Rouge-based firm bids $1.25 bln for Shell’s idled Louisiana refinery
CONTRIBUTOR:
Erwin Seba: Reuters: PUBLISHED MAY 24, 2021 2:07AM EDT
HOUSTON, May 24 (Reuters) – American Clean Energy Refining LLC (ACER) is bidding to buy an idled refinery of Royal Dutch Shell Plc RDSa.L in Convent, Louisiana, the chief executive of the Baton Rouge-based company said on Sunday night.
ACER has offered $1.25 billion for the idled 211,146 barrel-per-day (bpd) Convent refinery, which was shut in December 2020, Chief Executive Officer George Dabbs said.
A Shell spokesman was not immediately available for comment.
Last year, Shell decided to shut the Convent refinery because it was unable to sell it after it became unprofitable…
FULL NASDAQ/REUTERS ARTICLE
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Posted in: Alternative Energy, Alternative Fuels, Big Oil, Carbon Capture, Climate Change, Environment, Fossil Fuels, Oil, Oil Spill, Pollution, Reuters, Royal Dutch Shell Plc, Shell, Shell Energy.
Tagged: Environment · Oil · Royal Dutch Shell Plc · Shell