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Shell Complex Will Bring To Singapore More Than S$2B Investments From Chemical Cos – PM

THE WALL STREET JOURNAL

MAY 4, 2010

SINGAPORE Dow Jones)–A Petrochemical complex by Royal Dutch Shell Plc. which recently opened in Singapore is expected to attract more than S$2 billion in investments from major chemical companies, Prime Minister Lee Hsien Loong said Tuesday.

“It will generate more than S$2 billion in fixed asset investments from leading chemical companies,” Lee said at the opening ceremony of the complex.

Lee also said that Shell plans to make Singapore the base for more of its global units. The company’s global headquarters for marine products is already based in the city-state.

The petrochemical complex in Singapore is Shell’s largest in the world in terms of capacity.

-By Costas Paris, Dow Jones Newswires; 65 6415 4151; [email protected]

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