Highlights Third refinery sale in a month Shell retains one US refinery Tighter EU ETS system in effect Shell on May 27 said it reached an agreement to sell its 90,000 b/d Mobile, Alabama, refinery to Vertex Energy Operating LLC for $75 million, marking its third refinery sale in a month. Receive daily email alerts, subscriber notes & personalize your experience. Register Now These divestments are part of the global major’s push to lower its carbon footprint. Shell has stated goals to reduce carbon intensity by 20% by 2030 and 45% in 2035 from its 2016 baseline by shedding global refinery capacity and focusing on facilities with associated chemical plants. However, a May 26 decision by the Hague, Netherlands, district court is forcing Anglo-Dutch Shell to accelerate carbon intensity reduction to 45% by 2030, a decision Shell said it will appeal. The implementation of tighter carbon emissions allowances in […]