Shell to invest $400m in Asia

PETROCHEMICALS giant Shell Chemicals said on Friday over 50 percent of its $800 million annual capital expenditure would go to projects in Asia in the next five years, with China and Singapore at the top of the list.

“We will invest about $800 million per year globally, with more than half going to Asia in the next five years," executive vice president Rein Willems told reporters.

“But over the next decade, we have no (investment) plans for other locations apart from China and Singapore.”