Anacortes Shell refinery for sale, announces parent company
Tuesday, March 10, 2020
ANCORTES -- The Shell Puget Sound Refinery is for sale, the refinery’s parent company announced March 5.
The refinery is the 11th largest employer in the county, with about 500 employees, according to the most recent employer report from Western Washington University’s Center for Economic and Business Research.
The decision to sell the refinery is consistent with Shell Oil Products’ plans to reshape its refining portfolio globally, according to a news release. Shell Oil Products is a subsidiary of Royal Dutch Shell.
If the marketing process does not result in a finalized sales transaction, Shell plans to continue operating the refinery, according to the release.
EDASC CEO John Sternlicht said although there is no way of knowing what the exact result of a sale will be until it occurs, business would likely continue as before at the refinery.
“The jobs are likely to stay in Skagit County similar to when Marathon Petroleum bought Andeavor in 2018,” Sternlicht said.
Marathon Petroleum operates on March Point next to the Shell Puget Sound Refinery.
The Shell Puget Sound Refinery has long been a big supporter of EDASC and its programs. It has regularly sponsored EDASC’s Leadership Skagit program and is a Signature Investor in EDASC.
The refinery is designed to process about 149,000 barrels of crude oil per day, with feedstock primarily arriving from Alaska and western Canada, according to the release. It produces multiple types of gasoline in addition to fuel oil, diesel fuel, propane, jet fuel, butane and petroleum coke. It also produces chemicals used in a variety of plastic products.