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Shell Issues Bakersfield Refinery Sales Process Update #2
HOUSTON, Dec. 6 /PRNewswire/ -- Shell Oil Products US today announced that it
has reached an agreement with the U.S. Environmental Protection Agency and the
Department of Justice on modifications to a consent decree that would allow the
Shell Bakersfield Refinery to operate through March 31, 2005. In the
modification, Shell agrees to achieve certain overall emission reductions more
than three years ahead of the original timetable.
Specifically, Shell agrees to an additional reduction of 62 tons of nitrogen
oxide emissions per year by March 31, 2005. Originally, that amount was part
of the reductions expected to be achieved by December 31, 2008. Also, Shell
would be allowed to go slightly under its original nitrogen oxide emission
reduction target for this year by seven tons, due to not closing the
Bakersfield refinery on October 1 as originally planned. The agreement now
will go through a public comment period and must have court approval to be
finalized.
"We're pleased to be in a position to extend operations at the Bakersfield
facility, while we also deliver overall emissions reductions earlier than
scheduled," said Lynn Laverty Elsenhans, President of Shell Oil Products US.
"Extending operations at the Bakersfield plant would help with transition
issues, should a new owner emerge from the sales process, which is still
ongoing."
Shell continues discussions with a short list of bidders on the potential sale
of the refinery. If no agreement on a sale is reached, Shell plans to close
its Bakersfield refinery by March 31, 2005 per previous announcements.
Shell Oil Products US, a subsidiary of Shell Oil Company, is a leader in the
refining, transportation and marketing of fuels, and has a network of nearly
7,000 branded gasoline stations in the Western United States. Shell Oil
Company is an affiliate of the Royal Dutch/Shell Group of Companies
(NYSE:RDNYSE:SC). For more information, please visit http://www.shell.com/
DATASOURCE: Shell Oil Products US
CONTACT: Stan Mays, +1-713-241-1582, or media, +1-713-241-1578, both of
Shell Oil Products US
Web site: http://www.shell.com/