By Eric Yep
SINGAPORE -- Royal Dutch Shell PLC (RDSA.LN) Thursday said it
has raised the production capacity of a key petrochemical plant at
its largest fully-owned oil refining and chemicals complex located
in Singapore.
Shell has upgraded its ethylene cracker complex on Singapore's
Bukom Island by more than 20%, which will boost the production of
chemicals used to make plastics for everyday products.
"It maximises the full potential of Shell's petrochemicals
footprint in Singapore and underlines our strategy to remain a
leading player in the Asian petrochemicals market," Graham van't
Hoff, Executive Vice-President at Shell Chemicals, said in a
statement.
The project is a part of the Shell Eastern Petrochemicals
Complex project, the largest investment to date for Shell
Chemicals.
Singapore is Shell's petrochemicals operations hub in the Asia
Pacific. In 2014, weak refining margins had forces the company to
take an impairment charge of $2.8 billion in its downstream assets
including its Bukom refinery in Singapore.
Write to Eric Yep at eric.yep@wsj.com
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