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Shell says will shutdown Convent, Louisiana, refinery in mid-November

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Shell says will shutdown Convent, Louisiana, refinery in mid-November

Highlights

Refinery put up for sale July 2020

Lack of buyers forced the plant closure

New York — Shell Oil will shut its 211,146 million b/d Convent, Louisiana, refinery in mid-November as efforts to sell the plant have not yielded a buyer, a company spokesman said Nov. 5.

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Shell's announced closure of the Convent refinery -- one of two of its Louisiana plants -- is the latest in a spate of refinery rationalizations across North America.

According to S&P Platts Global estimates, closure of almost 1.2 million b/d of North American refining capacity has been announced since the coronavirus pandemic cut demand for refined products across the continent.

"In July of 2020, we shared with staff that the Shell Convent Refinery was being marketed. Despite efforts to sell the asset, a viable buyer was never identified. After looking at all aspects of our business, including financial performance, we made the difficult decision to shut down the site," said Curtis Smith in an email.

Smith said the shutdown process will begin mid-November.

"The decision is part of the company's global strategy to invest in a core set of uniquely integrated manufacturing sites that are also strategically positioned for the transition to a low-carbon future," Smith said.

Shell has said previously it wanted to maintain facilities with chemical manufacturing capability. Its 227,400 b/d Norco, Louisiana, refinery complex also has two crackers, with capacities of 560,000 mt/year and 855,000 mt/year

Announced North American Refinery Rationalization

Company

Region

Capacity impacted (b/d)

Date Shut

USAC

North Atlantic Refining

Come by Chance, NL

130,000

Q2 2020

PBF

Paulsboro, NJ

85,000

Q4 2020

Philadelphia Energy Solutions

Philadelphia, NJ

235,000

Q2 2019

Total

450,000

USGC

Calcasieu Refining

Lake Charles, LA

135,500

Q3 2020

Marathon

Gallup, NM

27,000

Q2 2020

Shell

Convent, LA

211,146

Q4 2020

Total

373,646

Rockies

HollyFrontier

Cheyenne, WY

48,000

Q3 2020

USWC

Marathon

Martinez, CA

161,000

Q2 2020

Phillips 66

Rodeo, CA

120,200

2024

Phillips 66

Santa Maria, CA

44,500

2023

Total

325,700

Total

1,197,346