Shell shuts biggest SG plant

FIRE   SHELL   AIR POLLUTION

Singapore - A devastating fire at a Shell refinery located on one of Singapore's offshore islands Pulau Bukom has prompted the company to shut down processing operations for the time being.

Shell's vice-president for eastern manufacturing operations Martijn van Koten stated the plants would be shut for at least two days and it was a precautionary measure and not a consequence of the damages incurred.

While the fire had been extinguished, there are still "traces of fuel vapour", according to Shell in a statement. "We are prepared to shut down all refinery units if this is considered necessary from a safety perspective, with the exception of utilities."

"The impact is significant but not dramatic. It will be a question of how long the plants are off. We expect a week at least," JBC Energy GmbH Vienna-based head of research David Wech said over an online interview with Bloomberg.

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