Here is good insight into faster paced sale/closure pace of US East Coast refineries – new Heating oil specs and lack of EC refineres Desulfurizing units.
It puts higher hurddle level on sale these plants and lower one on closing them / converting to terminals in short term …… at least until East Coast folks
start stacking traffic trying get few stations that have supply in next storm / power outages.
Also makes clear that $650-700MM unit for Omalley’s Delaware expansion is going be HDS type units and not delayed coker addition.
Regards