Shell Seeks Partners for New Chemical Plant - Report
Monday, June 30, 2008

A unit of Royal Dutch Shell Plc (RDSA) is talking to potential partners for a new chemical plant expected to cost at least US$500 million, the Business Times reported, quoting an executive.

"A lot of work is going on, and we are in discussions with possible joint venture partners," Fang Yea-Yee, Shell Chemicals Ltd.'s general manager for styrene monomer/propylene oxide (SMPO) and derivatives, told the paper.

The plant could be built in Singapore, a company executive said in May. The Business Times said the island state is competing with other countries in Asia and the Middle East for the plant.

Fang declined to name the companies Shell Chemicals has been in discussions with about the plant.

Source: Dow Jones Newswires

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