8th Dec 2015 10:54
LONDON (Alliance News) - Royal Dutch Shell PLC on Tuesday said it will go ahead with its plan to build a major new unit at the Pernis refinery in Rotterdam in the Netherlands.
The oil and gas major said the Solvent Deasphalter unit will remove heavier fractions from crude oil, allowing the refiner to upgrade a larger part of its oil intake into light, high-grade products.
Construction work on the project is planned to start next year, subject to permit approvals, and will be completed by the end of 2018.
The Pernis site is the largest refinery complex in Europe and based in Rotterdam's industrial area.
Royal Dutch Shell 'A' shares were down 0.4% to 1,513.00 pence on Tuesday, while 'B' shares were down 0.4% to 1,520.00p.
By Sam Unsted; [email protected]; @SamUAtAlliance
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