27th Jul 2006 07:45
Shell to go ahead with world-scale integrated petrochemicals complex inSingaporeShell Eastern Petroleum (Pte) Ltd ("SEPL) today announced that it has taken afinal investment decision to proceed with the construction of a new world-scaleethylene cracker on Bukom Island, Singapore. Named Shell Eastern PetrochemicalsComplex* (SEPC), the integrated refinery and petrochemicals project will alsoinclude modifications and additions to the Bukom refinery and a new world-scaleMono-Ethylene Glycol (MEG) plant utilising Shell's proprietary technology onJurong Island.Detailed engineering design and procurement work is progressing well withconstruction on the ethylene cracker due to begin later this year and start-upof the new and modified facilities anticipated by 2009/ 2010.The cracker and the new MEG plant will create an advantaged site through fullintegration with the Bukom refinery enabling feedstock and operating benefits.The 800,000 tonnes per annum-cracker will be ideally positioned to supplycracker products to the new 750,000 tonnes per annum MEG plant, planned andexisting joint venture derivatives plants and to major customers on JurongIsland via existing undersea pipelines. The majority of MEG production isexpected to be consumed in the region where there is considerable demand growthexpected."This project represents another significant step in Shell's commitment towardsdelivering a profitable downstream business for the Group. Shell is committedto growing Chemicals investments in Asia Pacific and the Middle East andtoday's announcement is another example of how we are delivering on thatstrategy." said Rob Routs, Executive Director Downstream."We are delighted to have the green light for this project and would like tothank the Singaporean Government for its invaluable support. Shell has been inSingapore now for over 100 years and our decision to build a new crackerrepresents the latest in a long line of investments in Singapore. This projectreaffirms our commitment to grow our business here to serve the fast growingpetrochemicals demands of this region." said Tan Ek Kia, Vice PresidentVentures and Developments APME.*Shell Eastern Petrochemicals Complex is not a business entity.Notes to EditorsShell companies have their own separate identities but we may sometimes use"Shell", "Group, "we" or "us" when we refer to Shell companies in general orwhere no useful purpose is served by identifying any particular Shell company. Shell Chemicals collectively refers to the companies of the Shell Group engagedin the chemicals business. Shell chemicals companies manufacture and deliverpetrochemical building blocks and polyolefins to industrial customers. Theseproducts are widely used in plastics, coatings and detergents.For further information or to download photos please refer to the ShellChemicals website: http://www.shellchemicals.com/newsInvestor Inquiries:UK: Gerard Paulides +44 20 7934 6287Continental Europe: Tjerk Huysinga +31 70 377 3996USA: Harold Hatchett: +1 212 218 3112Media Inquiries:International: +44 207 934 4323/2713/5963DisclaimerThis document contains forward-looking statements concerning the financialcondition, results of operations and businesses of Royal Dutch Shell plc. Allstatements other than statements of historical fact are, or may be deemed tobe, forward-looking statements. Forward-looking statements are statements offuture expectations that are based on management's current expectations andassumptions and involve known and unknown risks and uncertainties that couldcause actual results, performance or events to differ materially from thoseexpressed or implied in these statements. 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There are a number of factors that could affectthe future operations of Royal Dutch Shell and could cause those results todiffer materially from those expressed in the forward-looking statementsincluded in this Report, including (without limitation): (a) price fluctuationsin crude oil and natural gas; (b) changes in demand for the Group's products;(c) currency fluctuations; (d) drilling and production results; (e) reserveestimates; (f) loss of market and industry competition; (g) environmental andphysical risks; (h) risks associated with the identification of suitablepotential acquisition properties and targets, and successful negotiation andcompletion of such transactions; (i) the risk of doing business in developingcountries and countries subject to international sanctions; (j) legislative,fiscal and regulatory developments including potential litigation andregulatory effects arising from recategorisation of reserves; (k) economic andfinancial market conditions in various countries and regions; (l) politicalrisks, project delay or advancement, approvals and cost estimates; and (m)changes in trading conditions. All forward-looking statements contained in thisdocument are expressly qualified in their entirety by the cautionary statementscontained or referred to in this section. Readers should not place unduereliance on forward-looking statements. Each forward-looking statement speaksonly as of the date of this document. Neither Royal Dutch Shell nor any of itssubsidiaries undertake any obligation to publicly update or revise anyforward-looking statement as a result of new information, future events orother information. In light of these risks, results could differ materiallyfrom those stated, implied or inferred from the forward-looking statementscontained in this document.Please refer to the Royal Dutch Shell plc's Annual Report on Form 20-F for theyear ended December 31, 2005 for a description of certain important factors,risks and uncertainties that may affect the Company's businesses.ENDROYAL DUTCH SHELL PLCRelated Shares:
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