751-Sabar Institute Of Management, Tajpur - Gujarat Technological ...

4 SHELL
The past few months have seen numerous deals including the August addition of Canada's
Duvernay Oil to its portfolio. In June, Shell signed a preliminary agreement with US-based BPZ
Energy to explore for oil and gas in northern Peru.
This followed agreements with Qatargas and PetroChina for the long-term supply of liquefied
natural gas (LNG) from Qatar to the rapidly-growing Chinese market. In March, Shell and Virent
Energy Systems, in the US, agreed to develop biogasoline, converting plant sugars into gasoline
and gasoline blend components, rather than ethanol.
5 LYONDELLBASELL
The nascent business was formed in December 2007 after US-based Access Industries' Basell
spent a mammoth $19.4bn (€13.7bn) on the US petrochemical major Lyondell, after an
unsuccessful bid for US chemical giant Huntsman.
Among many changes since the deal is the company's decision to stop polypropylene (PP)
production at its Morris plant in Illinois, US, in the fourth quarter. The move forms part of an
ongoing strategy to rationalize and concentrate production on its Spheripol and Spherizone
process facilities.
It also finalized the sale of its Sarnia, Ontario, Canada, site to global oil major Shell in August,
having previously announced plans to stop PP production there because of high operating costs.
There are also plans to expand its global PP compounding capacity by 30% to 1.2m tonnes/year
by the end of next year. A new facility in Guangzhou, China, is due to come on stream, followed
by a joint-venture compounding plant in Dammam, Saudi Arabia.
6 INEOS
Expansion has been the mantra of UK-based INEOS. Back in January 2012, INEOS finalized the
deal to buy compatriot oil major BP's vinyl acetate monomer (VAM) and ethyl acetate (etac)
businesses for an undisclosed sum. This saw a 250,000 tonne/year VAM plant and an etac plant
of the same capacity in Hull, UK, change hands, along with the UK's Teesside-to-Saltend
ethylene pipeline.
It then agreed to buy Norwegian oil company Norsk Hydro's polymer operation, which included
the remaining 50% interest in the Noretyl ethylene cracker at Rafnes, Norway. INEOS already
holds the other half.
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