Shell plc (SHEL) , in a move to align with its strategy of reducing dependence on conventional crude oil refining and investing in high-value products, has initiated a major conversion of its Rheinland refinery. The said refinery is located at the Wesseling site and will adapt to the growing demands of the European market. By the first quarter of 2025, crude oil processing will be phased out, and the site will be pivoted to produce high-quality Group III base oils, which are essential for lubricants in engi ...