SINGAPORE: Shell Singapore said on Tuesday that it plans to repurpose its core business and halve its crude processing capacity at its Pulau Bukom oil refinery, as part of an overhaul in its journey towards a low-carbon future.
"Our businesses in Singapore must evolve and transform, and we must act now if we are to achieve our ambition to thrive through the energy transition. Our decisive action today will help Shell in Singapore stay resilient and build a cleaner, more sustainable future for all of us," she added.
"Bukom will pivot from a crude-oil, fuels-based product slate towards new, low-carbon value chains," said Shell Singapore in a press release. The transition will happen over the next three years and the earliest staff movement related to the reorganisation will only be in the fourth quarter of next year., or more than 10 per cent of its workforce.