Royal Dutch Shell suggested it has elevated the storage capability at its Bukom refinery in Singapore by almost 1.three million barrels by constructing two crude oil tanks.
The mission is a part of Shell’s ongoing effort to enhance competitiveness by investing in storage and logistics at its core refineries.
“This mission positions Shell to seize stronger margins and higher handle market volatility over the approaching years; these new services allow us to purchase extra oil when market circumstances are engaging. ” mentioned Robin Mooldijk, govt vp for manufacturing at Shell.
Shell has been in Singapore for greater than 120 years, and it is likely one of the largest overseas traders within the nation. Its lengthy historical past in Singapore started in Pulau Bukom. Today, Bukom has developed into some of the essential Shell manufacturing websites on the earth.
Bukom is the most important wholly-owned Shell refinery globally when it comes to crude distillation capability (500,000 barrels per day). It can also be residence to a world-class Ethylene Cracker Complex (as much as 1,000,000 tonnes every year) and a Butadiene Extraction Unit (155,000 tonnes every year).
With the completion of the Shell Eastern Petrochemicals Complex (SEPC) mission in May 2010, Bukom is now an built-in oil and petrochemicals website, with manufacturing services for fuels, lubricant base oils and specialty chemical compounds.
Integrating the refining and petrochemicals belongings maximise the financial and effectivity advantages when it comes to feedstocks, operations and logistics. Feedstock flexibility helps the positioning maximise returns as economics shift between hydrocarbon streams, and extra importantly, supplies larger safety of provide for Shell’s clients.
Bukom is located on a 243-hectare island 5.5 km southwest of Singapore. It types a part of a bunch of southern islands which have been recognized for petrochemical and different industrial manufacturing.
(Source: Skell/CAN – Image: Bukom refinery in Singapore/Shell)
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