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

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

Saturday, February 13, 2016 by Katie Woods

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

More recent Shell news:

Shell keeps Beaver County ethane cracker project in plans for now Feb. 9, 2016
Will decisions be made about Ohio River ethane crackers in 2016? Dec. 31, 2015
Shell takes more steps for ethane cracker plant location in Monaca, Pennsylvania Oct. 12, 2015

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