Exxon? Kuwait? Lyondell? Private Equity?
Hearing no one wants every site and it might get parted out
14 replies (most recent on top)
@19k I’m pretty sure ALL downstream now has very similar org charts. I know Europe went with combiningTech/Engineering leadership. I just think in general Shell is trying to downsize and save money. I mean look at how chemicals doesn’t have PSM supporting a site directly. Just asking for an incident.
@19p that's a fair assessment
@19k well the Geismar reorg and all of chemicals would make sense to be similar to Exxon since Emma worked at Exxon. That is what she knows works.
@ej I wouldn't be surprised if Exxon takes all of Norco. The word is the re-org at Geismar and now Norco closely resemble Exxon org alignment
@f8 is Mont Belvieu computational team Reliance subsidiary?
@f8 most but I don’t believe it’s enough to supply the full need at geismar
@ej there are news articles out there that specifically mention Norco being part of the package deal. Sounded strange to me as well since they typically haven’t been lumped in with Chemicals
@ee Most of Geismar's ethylene comes from Mont Belvieu's computational team.
@ee Norco chemicals is not part of chemicals being sold. Norco is still considered an energy park and they don’t split them. Last year when Emma took over chemicals, Norco was with refining.
Pretty sure Norco Chemicals is of interest to Exxon as well. I believe they need the ethylene it produces because current pipeline can’t supply what’s needed at Geismar
Can computational team be based at Deer Park?
@a2 I could see Exxon wanting Monaca and Geismar. Geismar sends a decent amount of AO to Exxon for there synthetic lube oils, so that would be a good fit. Deer Park honestly I am surprised how that site is even profitable with the amount of staff and the few units running.
No one wants chemicals
@OP parted out seems most likely. Exxon knows polymers the best and could extract most value from Monaca. Ge-z their whole business team is former Exxon hires already. Anyone would be interested in Geismar for HODer. Deer park would be least attractive in my mind but based on rudimentary knowledge of the situation.