Listed oil retailer Shell Pilipinas Corp. said as much as P3 billion is being allocated for capital expenditure (capex) this year, mainly to improve existing terminals and footprint.
“For this year, we are planning to spend capex between P2-3 billion and about 50 percent of that will be dedicated (to) improving the asset integrity and the efficiency of our terminals across the country, particularly our main one which is the Tabangao import facility. About 50 percent will be dedicated towards enhancing the mobility footprint we have in the country,” said Rey Abilo, Shell Pilipinas treasurer, vice president for finance and chief risk officer, in a virtual briefing yesterday.
Abilo said the company plans to add 20 to 25 stations this year. Shell Pilipinas ended 2023 with a total of 1,179 mobility stations.
The company said it is also keen on pursuing more facilities that could support electric vehicles (EV) in its mobility stations nationwide.
As of end-2023, Shell Pilipinas had over 25 charge points across eight locations.
The company is also ramping up the use of more renewable energy (RE) in its operations.
It has two EV charging stations that are 100 percent RE powered, located at the South Luzon Expressway-Mamplasan and at Seven NEO Bonifacio Global City in Taguig.
Other charging stations located at the Tarlac-Pangasinan-La Union Expressway are also partially powered with RE through on-site solar facilities.
