SHELL Australia has again failed to guarantee the future of its refinery operations in Geelong, as the company looks to scale back in the face of increased Asian competition and reduced margins.
Cameron Best | December 6th, 2011
SHELL Australia has again failed to guarantee the future of its refinery operations in Geelong, as the company looks to scale back in the face of increased Asian competition and reduced margins.
While the company issued its standard “we never speculate on speculation” line, it admitted the Geelong refinery faced challenging times in a highly competitive environment.
“While the company does not speculate on the future of any of its assets, it is worth noting significant investment decisions made by Shell in the last 12 months,” Shell Australia spokesman Paul Zennaro said.