Shell's Rheinland Refinery to be Transformed to Produce Base Oils [Yahoo! Finance]
BP p.l.c. (BP)
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Source: Yahoo! Finance
initiated a major conversion of its Rheinland refinery. The said refinery is located at the Wesseling site and will adapt to the growing demands of the European market. By the first quarter of 2025, crude oil processing will be phased out, and the site will be pivoted to produce high-quality Group III base oils, which are essential for lubricants in engines and transmissions. Since Europe is moving toward cleaner and sustainable energy, the demand for conventional petroleum products is declining; therefore, SHEL's shift toward high-grade lubricants defines its adaptability. Although the Wesseling site is undergoing this transformation, the Godorf site will continue with its crude oil refining operations, and the operations at the site may temporarily be paused due to scheduled maintenance. SHEL's commitment to carrying out the transformation in phases will minimize the impact on Germany's energy supply and will also enhance efficiency. With SHEL transforming its refinery operation
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