“Shell has announced the closure of its convent refinery in Louisiana. The decision is part of the company’s global strategy to invest in a core set of uniquely integrated manufacturing sites in a strategic location for a transition to a low-carbon future. The shutdown process will begin in mid-November. In July 2020, we shared with staff that the Shell Convent refinery was being sold. Despite attempts to sell the property, a viable buyer has never been identified. After seeing all aspects of our business, including financial operations, we made the difficult decision to close the site. The shell will ensure a safe and responsible shutdown to the refinery focusing on those who are most affected. This includes helping QuentEvent employees at this difficult time by applying for alternative opportunities in the company or helping them transition into a future outside of the shell. Shell will launch a selective voluntary seriousness program at its Gismer and Norco facilities, subject to union-represented employee bargaining, creating additional roles that could potentially be placed on convent employees. We will maintain a meaningful presence in Louisiana through our integrated refinement. And chemical sites on Norco and Gismar, our intermediate infrastructure assets, branded retail presence, operation of the Gulf operations of Mexico and our offices in New Le Reliance. Once the shutdown process is complete, we will continue to market the convent refinery for divestment. “
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