Citing news from Dow Jones in the United States, a fire broke out at Shell Jurong Island (SJI) in Singapore on October 10. The fire has been extinguished and there were no casualties. The cause of the fire has not yet been disclosed. According to market news, the fire is likely to affect Shell’s styrene monomer (SM) production, and the operation of Shell’s upstream naphtha cracking unit has not been affected.
Shell Singapore closed its propylene oxide/styrene (PO/SM) plant on Jurong Island on October 10 due to the fire.
device. It is still unknown when Shell will be able to restart the PO/SM installation. It is reported that Shell Singapore’s PO/SM unit can produce 550,000 tons of styrene and 250,000 tons of propylene oxide per year.
A dealer from China analyzed, “Shell is still assessing the specific impact on the styrene plant. We will have to wait and see how serious the damage is, except for PO and SM, the production of other chemicals should not Interrupted.”
It was earlier reported that Shell was considering selling its refining and petrochemical plant on Jurong Island in Singapore and hired Goldman Sachs as a consultant. At present, many companies such as Sinopec are interested in Shell’s Hiroshima refinery. The refinery could be sold for a nominal price, but the buyer would take on debt including potential carbon taxes that could total more than $1 billion, people familiar with the matter said. A Shell spokesman said the company had initiated a strategic review of its energy and chemical assets located in Mau Kong Island and Jurong Island in Singapore.
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