Shell to sell Puget Sound Refinery in US to HollyFrontier
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Royal Dutch Shell has agreed to divest its Puget Sound Refinery in the US to refiner HollyFrontier.
HollyFrontier will purchase the refinery, the on-site cogeneration facility, as well as related logistics assets, for $350m in cash plus the value of the hydrocarbon inventory.
The hydrocarbon inventory will be valued on closing of the deal. The current value is estimated to be in the range of $150m to $180m.
The deal also covers the product offtake agreements in support of Shell’s existing Pacific Northwest retail marketing business.
It also includes a deep-water marine dock, a light product loading rack, a rail terminal, and storage tanks.
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Shell Oil Company has donated 30,000 pieces of personal protective equipment to Skagit Countyâs Department of Emergency Management.
The donation of items such as masks, gloves and hand sanitizer is part of a larger series of donations nationwide, according to a news release.
The Department of Emergency Management said in the release that the PPE was distributed to individuals and organizations throughout the county.
âThe PPE went to schools, long-term care facilities, food banks, farmworkers, low income and homeless support centers, public transportation workers, the courts, law enforcement and legal community, and many other local government agencies,â Hans Kahl, emergency management specialist for the department, said in a release.