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Chevron Eyes Deal for Shell Refinery in Anacortes, Washington

Reuters, March 26, 2021
Reuters

Chevron Corp has emerged as a leading contender to buy a Royal Dutch Shell Plc refinery in the U.S. Pacific Northwest, three people familiar with the matter said on Friday.

Shell has been trying to sell its 145,000 barrel-per-day (bpd) Puget Sound refinery in Anacortes, Washington, for at least a year. Reuters reported in January 2020 that the refinery was for sale.

As a matter of policy we don’t comment on market rumors or speculation,” said Chevron spokesman Braden Reddall.

Shell spokesman Curtis Smith declined to comment.

A deal is not guaranteed and analysts said competing refiners often look at other businesses to evaluate their own operations.

The Puget Sound plant supplies fuel markets in the northwest and competes with plants owned by BP, Marathon Petroleum, and Phillips 66. Shell last month settled a seven-year-old dispute with the U.S. Environmental Protection Agency over past air pollution violations from the facility.

(Reporting by Erwin Seba; Editing by Daniel Wallis)

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