By Patrick Raleigh, UT On-line/news editorLondon-Shell is to fully integrate its Oil Products and Chemicals businesses as part of a major strategic review of its upstream and downstream activities, the group announced 22 Sept. The group did not indicate that the changes would have any direct impact on the company’s urethane-related businesses-propylene oxide and polyols, according to a Shell spokeswoman.Downstream businesses generate significant cash and earnings for the Group. To extend this success the Group will integrate Oil Products and Chemicals under a single leadership team and further implement global standardised processes, said Jeroen van der Veer, Shell chairman, in a presentation of the review.Shell Chemicals will also have around 35 percent of its assets based in the Asia Pacific/ Middle East region by 2010, to serve the emerging markets in China, India and Indonesia, van der Veer added.”
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