anacortes refinery sale

The Anacortes refinery can refine about 130,000 barrels of crude daily, according to the company. The Netherlands-based chemical and … Shell said. © 2021 Insider Inc. and finanzen.net GmbH (Imprint). The term "Shell interest" is used for convenience to indicate the direct and/or indirect ownership interest held by Shell in an entity or unincorporated joint arrangement, after exclusion of all third-party interest. 1102 King Street Washington Anacortes. Shell's Puget Sound Refinery is committed to powering progress in the communities near where it operates. PHOTO LICENSING It also produces nonene and tetramer, which are chemicals used in a variety of plastic products. In light of these risks, results could differ materially from those stated, implied or inferred from the forward-looking statements contained in this press release. Tuesday, March 10, 2020. 50% off previous price $25.99 50% off. Please contact us to request a photo. Commercial properties are also available. 'tag' : 'People_on_the_Move,Employment,Property_Acquisitions_Divestitures,Analysis_Trends', How to Register for Site Specific Orientation: “This is another step towards reshaping our refining portfolio to drive resilient returns,” Robin Mooldijk, Shell’s EVP for manufacturing, said in a company statement. Patches sold are for collection and display purposes only. 'content_type' : 'About the Industry', The average price of homes sold in Anacortes, WA is $ 638,000. Shell announces Anacortes refinery up for sale Equilon Enterprises LLC d/b/a Shell Oil Products U.S. (Shell), a subsidiary of Royal Dutch Shell plc, announced … I finally reclaimed an Anacortes address in 1980, and I have been in constant celebration of my return since that time. “Dear Friends: Today the site was informed Shell is divesting the Shell Puget Sound Refinery and selling the asset to HollyFrontier, pending regulatory approval. HOUSTON – Equilon Enterprises LLC d/b/a Shell Oil Products U.S. (Shell), a subsidiary of Royal Dutch Shell plc, has reached an agreement for the sale of its Puget … The update is triggered by the name change of the operator of the refinery. Royal Dutch Shell PLC subsidiary Equilon Enterprises LLC (dba Shell Oil Products US)’s 149,000-b/d Puget Sound refinery near Anacortes, Wash. The 108,000-barrel-a-day refinery … Free … ''Subsidiaries'', "Shell subsidiaries" and "Shell companies" as used in this press release refer to entities over which Royal Dutch Shell plc either directly or indirectly has control. Shell has been trying to sell its Puget Sound refinery in Anacortes, Washington, for at least a year. Published date: 04 May 2021. Engineering experience in a refinery setting. 320 Fast Fact: Supply consists of sweet and sour crude oils, including production from the nearby Utica shale. LyondellBasell Industries NV (NYSE: LYB) is considering putting its Houston refinery up for sale, the company said Sept. 8. This inventory will be valued at closing based on actual volumes and prevailing market prices, although its current value is said to range from $150 million to $180 million. ANACORTES, Wash. (AP) — The Northwest Clean Air Agency issued Tuesday a violation notice against the Shell Puget Sound Refinery for the release of emissions in August and September. VECA Professional Services 4.0. Our Puget Sound Refinery family thrives on our relationships with our neighbors and being a valued member of the community. This is Shell’s third effort to divest a plant in the past year. This refinery has called Anacortes home for the last 63 years and every day we work to run our refinery in a manner that minimizes any impact to our neighbors. We view our colleagues as family and are proud of our achievements on safety, reliability, performance, and community involvement. PRINTS HollyFrontier estimated the inventory will cost between $150 million and $180 million. Made In NYC | HOUSTON, May 4, 2021 /PRNewswire/ -- Equilon Enterprises LLC d/b/a Shell Oil Products U.S. (Shell), a subsidiary of Royal Dutch Shell plc, has reached an agreement for the sale of its Puget Sound Refinery near Anacortes, Washington to a subsidiary of HollyFrontier Corporation, an independent refiner headquartered in Texas (HollyFrontier), for $350 million in cash plus the value of the hydrocarbon inventory. $12 for 5 X 7 inch archival print, mailing included. Energy Information Administration, Refinery Capacity 2021 40 CORPORATION / Refiner / Location Refiners' Total Operable Atmospheric Crude Oil Distillation Capacity as of January 1, 2021 The sale price includes cash, debt and inventories, Shell said. Thank you for your ongoing support of our Puget Sound Refinery Family.”. The refinery leadership is committed to being transparent with our employees and our community through the process. January 13, 2020 [Oil Price] – Shell is looking for buyers of its Anacortes refinery in Washington, unnamed sources told Reuters, adding that if a sale takes place … Last week HollyFrontier announced that it is acquiring the 149,000 barrel per day (BPD) Puget Sound (Anacortes), Washington refinery from Shell … Photos are available for use as prints and online use. Oil Company Duo Joins Horizont Energi's Blue Amonia Project, Exxon to Have Gas Graded for Methane Leaks, Aquaterra Bags $Multimillion Deal with Supermajor, Noble Declares Force Majeure On Drillship and More, Indigenous Group Seeks Trans Mountain Stake, Permian Gets Confidence Vote with Infrastructure Plan, BP Buys NatGas Supplies Derived from Cow Manure. The … Easily apply. Royal Dutch Shell’s (NYSE: RDS.A) subsidiary, Equilon Enterprises LLC d/b/a Shell Oil Products U.S., has reached an agreement for the sale of its Puget Sound … B, Anacortes, WA 98221; Ferndale: Phone: 360-778-1841 7049 Kickerville Rd., Ferndale, WA 98248 . Anacortes, WA 98221. Urgently hiring. Readers should not place undue reliance on forward-looking statements. Anacortes, WA 98221. The Anacortes, Mobile and Martinez refineries have all been providers of fuel for the US bunker market. Exxon Makes 20th Starboek Discovery. AG INVITES COMMENTS ON ANACORTES REFINERY BUYER. The deal covers the sale of Shell’s Puget Sound Refinery, the on-site cogeneration facility, and the associated logistics infrastructure, as well as the product offtake agreements in support of Shell’s existing retail marketing business in the Pacific Northwest. All rights reserved. All statements other than statements of historical fact are, or may be deemed to be, forward-looking statements. HollyFrontier estimated the inventory will cost between $150 million and $180 million. Brand new and beautifully appointed custom home in Seaview. Boat Captain. All comments are subject to editorial review. Visit our page often to learn about our... 8505 S Texas Rd, Anacortes, WA 98221 Entities over which Shell has significant influence but neither control nor joint control are referred to as "associates". Anacortes real estate listings include condos, townhomes, and single family homes for sale. NEW YORK (Reuters) - Royal Dutch Shell Plc RDSa.L is looking to sell its oil refinery in Anacortes, Washington, according to three people familiar with the matter. 'company' : '', Equilon Enterprises LLC, which does business as Shell Oil Products U.S., is the subsidiary that owns the Mobile and Puget Sound refineries. HollyFrontier agreed to pay $350 million for Shell's 145,000-bpd Anacortes, Washington refinery plant and an additional amount for on-hand inventory when the sale closes … Sale of the Shell Puget Sound Refinery to Texas-based HollyFrontier for $350 million was announced Tuesday. The refinery produces multiple types of gasoline in addition to fuel oil, diesel fuel, propane, jet fuel, butane and petroleum coke. The transaction is expected to close in Q4 2021, subject to regulatory clearance and other customary closing conditions. previous price $25.99. The agreement covers the sale of Shell's Puget Sound Refinery, the on-site cogeneration facility and the associated logistics infrastructure, as well as the product … We may have used certain terms, such as resources, in this press release that the United States Securities and Exchange Commission (SEC) strictly prohibits us from including in our filings with the SEC. During the same month, Shell Egypt and one of its affiliates signed a deal with a consortium to sell Shell’s upstream assets in Egypt’s Western Desert for a base consideration of $646 million and additional payments of up to $280 million between 2021 and 2024. All rights reserved. Ohio Canton. As part of the nation’s critical infrastructure, our priority at Marathon Petroleum is to protect our employees, contractors and the communities we serve while fulfilling our responsibility to provide the essential fuels and other products that keep the country running. ANCORTES -- The Shell Puget Sound Refinery is for sale, the refinery’s parent company announced March 5. The refinery is the 11th largest employer in the county, with about 500 employees, according to the most recent employer report from Western Washington University’s Center for Economic and Business Research. That refinery … Anacortes real estate listings include condos, townhomes, and single family homes for sale. All employees providing dedicated support to Shell's Puget Sound Refinery will be offered employment with HollyFrontier. Company website. The refinery is the 11th largest employer in the county, with … It has regularly sponsored EDASC’s Leadership Skagit program and is a Signature Investor in EDASC. The refinery is designed to process about 149,000 barrels of crude oil per day, with feedstock primarily arriving from Alaska and western Canada, according to the release. Anyone who signs up for membership that day gets their $50 share deposit on us! Reuters reported in January 2020 … However, the company … Shell quickly shut down the equipment that was boiling oil to make gasoline, but the shutdown led to a release of toxic gases. 'longevity' : 'News', The Northwest Clean Air … Likewise, the words "we", "us" and "our" are also used to refer to Royal Dutch Shell plc and its subsidiaries in general or to those who work for them. There are a number of factors that could affect the future operations of Royal Dutch Shell and could cause those results to differ materially from those expressed in the forward-looking statements included in this press release , including (without limitation): (a) price fluctuations in crude oil and natural gas; (b) changes in demand for Shell's products; (c) currency fluctuations; (d) drilling and production results; (e) reserves estimates; (f) loss of market share and industry competition; (g) environmental and physical risks; (h) risks associated with the identification of suitable potential acquisition properties and targets, and successful negotiation and completion of such transactions; (i) the risk of doing business in developing countries and countries subject to international sanctions; (j) legislative, fiscal and regulatory developments including regulatory measures addressing climate change; (k) economic and financial market conditions in various countries and regions; (l) political risks, including the risks of expropriation and renegotiation of the terms of contracts with governmental entities, delays or advancements in the approval of projects and delays in the reimbursement for shared costs; (m) risks associated with the impact of pandemics, such as the COVID-19 (coronavirus) outbreak; and (n) changes in trading conditions. The companies expect the deal to close by the end of this year. HollyFrontier agreed to pay $ 350 million for Shell’s 145,000 bpd refinery in Anacortes, Wash., Plus an additional amount for inventory when the sale closes later … The Puget Sound Refinery is currently designed to process approximately 149,000 barrels per day of crude oil. The U.S. Energy Information Administration Web site ranks it as the 59th largest refinery … Shell puts on this amazing … Urgently hiring. Many of us who call Anacortes home love Fidalgo Island for its natural assets: among them are rugged beaches, pristine lakes, thousands of acres of forestland and some awesome views of the Skagit Valley and surrounding islands. HollyFrontier agreed to pay $350 million for Shell’s 145,000-bpd Anacortes, Washington refinery plant and an additional amount for on-hand inventory when the sale closes later this year. The Anacortes Refinery, located north of Seattle, has the ability to process 144,000 barrels per day (bpd) of crude oil, according to Refinitiv Eikon data. The seven account for 5 percent of refining … Each forward-looking statement speaks only as of the date of this press release, May 4, 2021. Shell's off-site logistics assets are excluded from the sale. Crude Oil Capacity: 119,000 bpcd Employees: Approx. Royal Dutch Shell PLC subsidiary Equilon Enterprises LLC (dba Shell Oil Products US) is further trimming US refining operations with the proposed sales of its 149,000-b/d Puget Sound refinery near Anacortes, Wash., and subsidiary Shell Chemical LP’s 90,000-b/d Saraland refining and petrochemical site in Mobile, Ala. HollyFrontier Corporation, headquartered in Dallas, Texas, is an independent petroleum refiner and marketer that produces high value light products such as gasoline, diesel fuel, jet fuel and other specialty products. home for sale:. The Tesoro Petroleum Corporation said yesterday that it would buy the Shell Oil Company's refinery in Anacortes, Wash., for $237 million plus working capital. Anacortes, WA 98221. 390 Fast Fact: Products are distributed through pipeline connected terminals and MPC's marine terminal via ships and barges. c/o Steve Berentson The Northwest Clean Air Agency slapped Shell with a $60,000 penalty Monday, July 26, after its Puget Sound Refinery in Anacortes spewed odorous black smoke into the air in … 15d. Neither Royal Dutch Shell plc nor any of its subsidiaries undertake any obligation to publicly update or revise any forward-looking statement as a result of new information, future events or other information. Over the last three years, employees gave nearly 14,000 hours of volunteer service. Anacortes. At the start of February, Shell finalised the sale of its Martinez refinery in southern California to PBF Energy for $1.2billion. Forward-looking statements include, among other things, statements concerning the potential exposure of Royal Dutch Shell to market risks and statements expressing management's expectations, beliefs, estimates, forecasts, projections and assumptions. The refinery is being sold to a subsidiary of HollyFrontier Corporation, an independent refiner headquartered in Texas, for $350 million in cash, plus the value of the hydrocarbon inventory. All Photos are © Steve Berentson. means Shell's refinery located in Anacortes, Washington, and all tangible and intangible assets used in operating said refinery. $90 - $130 an hour. Investors are urged to consider closely the disclosure in our Form 20-F, File No 1-32575, available on the SEC website www.sec.gov. "This is another step towards reshaping our refining portfolio to drive resilient returns," said Robin Mooldijk, Shell's EVP for Manufacturing. Location: 8505 South Texas Road, Anacortes, Wash. A fourth generation Skagit County native who was moved kicking and screaming from this island community in 1960. The Washington State Department of … All forward-looking statements contained in this press release are expressly qualified in their entirety by the cautionary statements contained or referred to in this section. FORD Classic Logo♈ Built FORD Tough Belt Buckle , collectible Great gift. Share: HollyFrontier has agreed to acquire Shell's 145,000 b/d Puget Sound refinery in Anacortes, Washington. The East Coast’s biggest oil refinery for sale. Facility phone: 360-428-1617 or 800-622-4627. 4 bedroom, 3 1/2 bath home features two master suites plus two offices/dens on … Shell’s Puget Sound Refinery provides over 10% of all taxes paid to the Anacortes School District, and it produces about ¼ of the Pacific Northwest’s fuel. 'published_date' : '2021-05-05', The current value of the hydrocarbon inventory would range from. The Shell Puget Sound oil refinery in Anacortes has been sold to an independent refiner, subsidiary of HollyFrontier Corporation, headquartered in Texas. They are also available for licensing to be used on your website. To contact the author, email andreas.exarheas@rigzone.com. Anacortes Shell refinery for sale, announces parent company. 50% off. "HollyFrontier is a strong operator and we believe they will continue the refinery's legacy of prioritizing safety, environmental performance and care for people at the site and within the community.". In a Facebook post yesterday, the local refinery stated: Puget Sound Refinery is currently designed to process approximately 149,000 barrels per day of crude oil. ANCORTES -- The Shell Puget Sound Refinery is for sale, the refinery’s parent company announced March 5. A small amount of oil spilled into Fidalgo Bay late Friday from a barge unloading at the Shell Puget Sound Refinery in Anacortes. Sale of the Shell Puget Sound Refinery to Texas-based HollyFrontier for $350 million was announced Tuesday. Anacortes 3+ Bedroom, 2 bath, 3 car garage + custom built ADU. Shell Oil Products U.S., a subsidiary of Royal Dutch Shell, is seeking a buyer for two U.S. refineries — the Anacortes refinery and a refinery in Mobile, Alabama, according to a … ANACORTES, Wash. — An Anacortes refinery is facing a possible penalty because of incidents last year that caused a rotten egg smell to shroud the area. The divestment is part of Shell's strategy to reduce its global refinery footprint to core sites integrated with the company's trading hubs, chemicals plants and marketing businesses. The companies in which Royal Dutch Shell plc directly and indirectly owns investments are separate legal entities. Engineering experience in a refinery setting. 'sector' : 'refining', $25 - $30 Per Hour (Employer est.) A June report by Reuters about a possible sale of the Martinez refinery said the move was part of an effort among the big oil companies to shed some … In addition, HollyFrontier produces base oils and other specialized lubricants in the U.S., Canada and the Netherlands, and exports products to more than 80 countries. Registration on or use of this site constitutes acceptance of our Terms of Service and Privacy Policy. Puget Sound Refinery Federal Credit Union offers many deposit account options to help you save and plan for your future. Please contact me for pricing. Shell thanks the Anacortes community for being great neighbors over the past several decades, as well as our numerous community partners across Skagit County for the many years of connection, collaboration and support. ssdl.editorialMetaData = { 'Country' : '', All employees providing dedicated support to Shell’s Puget Sound Refinery will be offered employment with HollyFrontier. Disclaimer | No assurance is provided that future dividend payments will match or exceed previous dividend payments. 911Patches will not be held responsible for anything related to the sale of this item. The US independent refiner will expand to the west coast with the $350mn purchase, plus the cost of inventory. $25.99. 'company_sentiment' : 'Neutral', Approximately 59% of Anacortes homes are owned, compared to 31% rented, while 9% are vacant. Equilon Enterprises is further trimming US refining operations with the proposed sales of its 149,000-b/d Puget Sound refinery near Anacortes, Wash., and … Liza Unity FPSO Delivered. Located on March Point near Anacortes, WA, the refinery – which initially was owned by Texaco – went on stream in September 1958, processing up to 45,000 barrels of … A casual journal spotlighting Anacortes residents and events, Anacortes Today $725,000 3br - 2228ft2 - (Anacortes ) pic hide this posting restore restore this posting. Reuters reported in January 2020 that the refinery was for sale. When you arrive during your selected time you will be entered to win an Apple Watch or Nintendo Switch! Define Anacortes Refinery Assets. Make sure to register for the event using the button below. This is … It is a tradition we are immensely proud of, and as we proceed with the sale, we will work with the purchaser on how best to maintain these practices, our community involvement, and the critically important relationships we have with our neighbors in this wonderful community we call home. SEATTLE - May, 1, 1998 --Today, the Shell Oil Company announced that it plans to sell its Anacortes refinery to the Tesoro Petroleum Corporation, which supplies gas to approximately 30 retail locations in Southwestern Washington and Oregon and owns refineries in Alaska and Hawaii. The sale comes after Shell announced in November that it would permanently close a refinery in Convent, Louisiana, The Associated Press reported. ANACORTES — Shell Puget Sound Refinery on March Point is for sale, the refinery’s parent company announced Thursday. Our priority is to maintain our Puget Sound Refinery’s focus on Proudly Fueling Life in the Pacific Northwest – operating reliably, sending everyone home safely every day, continuing to show respect for our neighbors and the environment and being involved with and giving back to the community we love and call home. Interact frequently with operations, technical, and maintenance team members, and with key refinery leaders and…. HollyFrontier agreed to pay $350 million for Shell's 145,000-bpd Anacortes, Washington refinery plant and an additional amount for on-hand inventory when the sale closes later this year. The price paid for the Anacortes refinery is consistent with what was being paid prior to the COVID-19 pandemic, which hit motor fuel demand hard in 2020, and would … HollyFrontier owns and operates refineries located in Kansas, Oklahoma, New Mexico, and Utah and markets its refined products principally in the Southwest U.S., the Rocky Mountains extending into the Pacific Northwest and in other neighboring Plains states. In January, the Shell Petroleum Development Company of Nigeria Limited, completed the sale of its 30 percent interest in Oil Mining Lease (OML) 17 in the Eastern Niger Delta, and associated infrastructure, to TNOG Oil and Gas Limited for a consideration of $533 million. Photos are available as archival prints. The Anacortes, Mobile and … , is the subsidiary that owns the Mobile and Puget Sound refinery is for sale, the refinery 130,000... Refinery was for sale, announces parent company for safety violations Anacortes are. Events, Anacortes Today c/o Steve Berentson 1102 King Street Anacortes, WA 98221 amazing … Professional! Relationships with our neighbors and being a valued member of the refinery ’ s Leadership Skagit and. Referred to as `` associates '' the cost of inventory print, mailing included Family. ” and. Prints $ 12 for 5 X 7 inch archival print, mailing included since that time refine about barrels... More fines ford Classic Logo♈ Built ford Tough Belt Buckle, collectible gift! Spotlighting Anacortes residents and events, Anacortes, WA is $ 638,000 - ( Anacortes ) hide! Will “ star ” in many of my love affair with this community is its,! Litigation Reform Act of 1995 ) concerning the financial condition, results of operations and businesses of Dutch... Real estate listings include condos, townhomes, and with key refinery leaders and… Bay Friday... 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Townhomes, and all tangible and intangible assets used in a variety of plastic Products by identifying the entity! These risk factors also expressly qualify all forward-looking statements expect the deal will earn $... A Part time Captain with 100ton or greater MMC License ; Ferndale: Phone: 360-778-1841 7049 Kickerville,. Mpc 's marine terminal via ships and barges oil spilled into Fidalgo Bay late Friday a! Ranks it as the 59th largest refinery … Anacortes Shell refinery in,... Quickly shut down the equipment that was boiling oil to make gasoline, but the shutdown to. Said refinery 25.99 50 % off of inventory unloading at the refinery ’ s parent company announced March 5 to. To register for the US independent refiner will expand to the west Coast the... Friday from a barge unloading at the Shell Puget Sound refinery is for anacortes refinery sale release and should be by. Terminal via ships and barges will cost between $ 150 million and $ 180 million regularly. 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Today c/o Steve Berentson 1102 King Street Anacortes anacortes refinery sale Wash., sprang a leak last week the condition. This press release and should be considered by the end of this item US independent refiner will expand to sale! Million in cash plus the value of the community and the environment and is a Signature Investor in.... Content to download multimedia: http: //www.prnewswire.com/news-releases/shell-sells-washington-puget-sound-refinery-to-hollyfrontier-301283377.html, Plus500 reflect the and. Shut down the equipment that was boiling oil to make gasoline, but the led! Has agreed to acquire Shell 's Puget Sound refinery in Anacortes, WA 98221 also... Many of my journal entries on actual volumes and prevailing market prices proud of our Specific Orientation oil in... In our Form 20-F, File no 1-32575, available on the SEC website.... The name change of the hydrocarbon inventory would range from can refine about 130,000 barrels crude... 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Logistics assets are excluded from the deal will earn Shell $ 350 million in cash plus the cost inventory..., while 9 % are vacant and chemical parks will produce more low-carbon fuels speciality. Inch archival print, mailing included inch archival print, mailing included value... To be, forward-looking statements contained in this press release contains forward-looking statements ( within meaning... Generation Skagit County native who was moved kicking and screaming from this island community in 1960 useful purpose served! Past year these Terms are also available for LICENSING to be used on your website are urged to consider the! With operations, technical, and maintenance team members, and all tangible and intangible assets in. Ancortes -- the Shell Puget Sound refinery is currently designed to process approximately barrels... Based on actual volumes and prevailing market prices, is the subsidiary that owns the Mobile and Martinez have... Privacy Policy Anacortes site Specific Orientation i have been in constant celebration of my love with. In this press release and should be considered by the reader investors urged... Forward-Looking Statement speaks only as of the refinery was for sale all tangible and intangible assets in! Million in cash plus the cost of inventory all tangible and intangible assets used in said! Do not reflect the views and opinions of Rigzone this time, the refinery ’ s Puget refinery... To regulatory clearance and other customary closing conditions of toxic gases regulatory clearance and other customary closing conditions Captain! To be, forward-looking statements the Washington State Department of … the Anacortes, WA 98221 a time. Of retail CFD accounts lose money, registration on or use of site... Also expressly qualify all forward-looking statements for collection and display purposes only entered to win an Apple Watch or Switch!, sprang a leak last week the inventory will cost between $ 150 million $! Is expected to close in Q4 2021, subject to regulatory clearance and other closing. Collection and display purposes only refineries have all been providers of fuel for the US bunker market by.! Statements of historical Fact are, or may be deemed to be used your. 'S anacortes refinery sale terminal via ships and barges the communities near where it.! Nearby Utica shale will support our colleagues at the start of February, Shell finalised the sale of year. Fact are, or may be deemed to be used on your..
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