Glencore Eyes Shell's Singapore Units, Reuters Reports
--Glencore is looking at acquiring Shell's oil refinery and petrochemical assets in Singapore, Reuters reports, citing industry and trading sources.
--The Anglo-Swiss commodity trading-and-mining company is evaluating the assets, including plants located on Bukom island and Jurong island, together with Indonesia's PT Chandra Asri Petrochemical, Reuters reports.
--The units, which Shell said last year it would review, include a refinery capable of processing 237,000 oil barrels a day and an ethylene plant with 1 million metric tons a year capacity.
--Glencore and Shell didn't immediately respond to requests for comment.
Full story: http://tinyurl.com/3yn8y3r4
Write to Christian Moess Laursen at christian.moess@wsj.com
(END) Dow Jones Newswires
February 28, 2024 05:56 ET (10:56 GMT)
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