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Shell intends to spend more money in downstream, petrochemicals in 2016

Saturday, February 13, 2016 by

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Royal Dutch Shell PLC intends to spend more money on its downstream and petrochemicals division in 2016, The Business Journal reports.

Shell will spend $7 billion this year on downstream projects, up from the $5 billion that it usually spends. Much of this spending will be in the petrochemicals division, according to the newspaper.

The company has not yet made a final decision on its proposed ethane cracker project in Beaver County, Pennsylvania. Shell reported that the project was not included in its recent cuts.

Via: The Business Journal > Shell Plans Investments in Petrochemicals Division

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