Pilipinas Shell Petroleum Corp. expects to spend within the next five years up to P20 billion to follow through with the transformation of its former refinery in Batangas, build two more import terminals and push its “mobility site” concept for its fuel stations.
“The company is strongly positioned to meet the resulting recovery of energy demand as well as the growth in consumer spending,” Pilipinas Shell president and chief executive Cesar Romero said in a briefing.
“Moreover, we intend to do our share in contributing toward Royal Dutch Shell’s aspirations to be a net-zero carbon business by 2050,” Romero told reporters.
He said the oil giant’s business in the Philippines remai…
Keep on reading: Pilipinas Shell earmarks P20B for capex in next 5 years