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        Business decisions in Shell Chemicals are firmly driven by an underlying operating model. Shell chemicals companies continue to invest to ensure their manufacturing facilities are among the most efficient in the world. Recent projects have included an upgrade of the olefins cracker at Berre.To continue to maximise the potential of our existing businesses, and to take advantage of new market opportunities, capital expenditure across our seven product businesses is running at USD650 million per annum. We are concentrating that investment on our world-scale facilities and have also made provision for new investments aimed at the rapidly growing markets in the Far East. A general increase in overall investment levels in Asia Pacific will eventually result in a more even asset balance among North America, Europe and Asia.

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