<article><p class="lead">Shell will reduce capacity at its 500,000 b/d Pulau Bukom refinery in Singapore by 200,000 b/d in July, as part of long-term plans to cut its carbon emissions.</p><p>Shell announced in November 2020 that it would <a href="https://direct.argusmedia.com/newsandanalysis/article/2158343">reduce crude processing capacity at Bukom</a> by around half, as part of a 10-year plan to significantly reduce its emissions in Singapore. It did not give a specific timeline for the cuts initially, but a company spokeswoman has confirmed to Argus that the capacity reduction is on track to be implemented in July.</p><p>About 90pc of oil products from the Bukom refinery are exported, said Shell.</p><p>The impact of the Covid-19 pandemic on transportation fuel demand and China's rising export capacity has resulted in several refinery closures and conversions to import terminals in Asia-Pacific.</p><p>Shell has permanently closed its 110,000 b/d <a href="https://direct.argusmedia.com/newsandanalysis/article/2131972">Tabangao</a> refinery in the Philippines for conversion to an import terminal. ExxonMobil and BP in Australia are closing their respective 90,000 b/d <a href="https://direct.argusmedia.com/newsandanalysis/article/2185554">Altona</a> and 146,000 b/d <a href="https://direct.argusmedia.com/newsandanalysis/article/2194471">Kwinana</a> refineries. Refining NZ's 135,000 b/d <a href="https://direct.argusmedia.com/newsandanalysis/article/2187604">Marsden Point refinery</a> is considering converting to an import terminal by next year.</p><p class="bylines">By Aldric Chew and Lu Yawen</p></article>
