Shell’s Closed Louisiana Refinery Draws New Interest

Royal Dutch Shell continues to assess the future of its idled Convent refinery as it continues to receive purchase bids from an investment group in Louisiana. Shell closed the Convent refinery in late 2020 due to the demand destruction caused by the coronavirus pandemic. Since the refinery’s announcement of intent to shut in, American Clean Energy Refining LLC (ACER) of Baton Rouge has submitted two separate bids for the complex.  ACER’s first offering of $1.75 billion was made before the refinery shutdown was completed last December 14th, and another bid of $1.25 billion was made much more recently.  Neither bid was accepted by Shell, and the company is maintaining its stance that if has n

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