Buy bitumen in USA
Buy bitumen in USA
Buy bitumen in USA , is another major issue in the world and the petrochemical market
since the United States of America is one of the dominant and ruling countries in the world. In this article, we will discuss the events that have affected the country to some extent.
Shell closes its US refinery forever
Royal Dutch Shell closes Convent refinery 92 km west of New Orleans,
USA, due to falling demand for refined products because of the Coronavirus pandemic. In other words, Shell announced on November 5 that it could not find a buyer for the refinery,
92km west of New Orleans amid the Coronavirus outbreak,
so it is likely to close the refinery. As we all know, this will change the situation to Buy bitumen in USA largely. The Convent Refinery is the first US refinery in the Gulf Coast that is closing permanently due to
falling demand for refined products as a result of the Coronavirus pandemic. Besides, eight other refineries in North America are in danger of closing.
On the other hand, the Corona epidemic has reduced fuel demand by 30 percent, with
analysts predicting 4.7 million barrels per day of global fuel demand over the next five years. Three US oil refineries are down since early this year due to weak demand for jet fuel,
diesel and gasoline amid slowing economic growth. Shell announced earlier this month that it would
halve crude oil refining at Singapore’s Paolo Bacum refinery. The capacity of this refinery is equal to 500,000 barrels per day. The US and European refineries are changing their activities to produce biofuels.
Shell reduces its costs by up to 40%
Buy bitumen in USA
Generally, the U.S. Energy Information Administration said refineries were up 78.8 percent at capacity in August,
down from 83.1 percent in March. In early June, which marked the beginning of a tough season for the oil industry,
Shell announced plans to significantly restructure its zero-emissions by 2050 by the end of this year. The company intends to get out of the corona crisis with cleaner activities.
At the end of July, Shell CEO Ben Van Braden said the company had devised a plan to restructure
into a simpler and more efficient organization that would be much better than its traditional businesses,
moving it from a customer-centric business. Take it out and move on to innovative business models in the future. “In the future, you will hear more from us, but restructuring and redesigning,
the size of our company will also change,” he said.
