Shell to Open Up To 70 More Retail Outlets This Year
Shell is looking to diversify its portfolio of businesses in the country and is specifically looking toward cleaner energy sources to meet the growing needs in the country.
“You can expect bigger things from Shell Energy Philippines Inc. as its focuses on delivering cleaner, flexible and innovative energy solutions to our commercial and industrial customers,” said Cesar Romero, president and CEO of Pilipinas Shell Petroleum Corporation (PSPC) and country chair of Shell companies in the Philippines (SCIP), during an informal virtual meeting with members of the media earlier this week.
“PSPC has been taking steps to reshape its portfolio for a resilient, adaptive, and future-ready organization,” the company added in a disclosure to the Philippine Stock Exchange on Wednesday.
The company said it plans to open an additional 50 to 70 retail outlets in 2021 that will add to the over 1,000 existing sites nationwide.
Romero also mentioned a newly launched power business last year called Shell Energy Philippines Inc (SEPH). As a separate entity within SCIP and with a retail electricity supplier license, SEPH focuses on delivering cleaner, flexible, and innovative energy solutions to commercial and industrial customers.
“Collectively, SCIP’s diversified portfolio is set to meet the cleaner energy needs of the country,” the company said.
Last year, in the midst of the strict lockdown due to the coronavirus pandemic, Shell closed its Tabangao facility in Batangas, effectively shutting down its refinery operations in the country. It transformed it into an import terminal, joining a newly opened terminal in Subic, and he North Mindanao Import Facility in Cagayan de Oro.