Here is news update from Info Research on COP Ferndale coker project – only new item is EPC construction target date of 2012. Both Tesoro & COP delayed thier coker projects in 2006 due to 2X cost & other strategic reasons; while fast forwarding other Coking projects like Tesoro Golden Eagle Coker & COP WRN cokers.
The high USWC Asphalt price rise to $650/t would have cut into coker margins but not enough to stop heavy crude margins = Tesoro putting in changes to run more Canadian OS Bitumen crudes & reducing amount asphalt production (see news post on item coking.com).
Regards
