Houston Chronicle by George Baker 1/17/2022
For the Houston area, energy transition in 2022 will come when Shell hands over the Deer Park refinery to its long-time partner, the Mexican national oil company, Pemex.
On December 21, a Treasury Department official informed Pemex’s legal representative that there were no unresolved national security issues associated with the planned purchase of Shell Oil’s controlling interest. The next day, Mexico’s president, Andrés Manuel López Obrador (aka, AMLO) thanked President Biden for the approval of the deal, interpreting it as his trust in Pemex’s ability to operate the refinery safely.
The Greater Houston’s regional economic, environmental and public-safety outlook will be compromised by the deal. Shell is dumping the refinery in the lap of an unprepared and unqualified buyer.
Shell has insisted that the refinery will operate the same as before because refinery workers will continue in their jobs. But Shell managers won’t. They’ll be moved to other jobs at Shell — which court documents confirm — leaving leadership posts to be filled by Pemex.
More:
https://www.houstonchronicle.com/business/energy/article/Comment-Energy-transition-comes-to-Deer-Park-16774222.php