Home › Forums › Coking › News: DCU, Upgrader › 1.Coker (registered users only) › Holly to Acquire Sunoco’s Tulsa Coking Ref $65MM › RE: Holly to Acquire Sunoco's Tulsa Coking Ref $65MM
April 16, 2009 at 4:20 pm #6150
Here is update on Sunoco’s Tulsa Coking Refinery and its pending sale to Holly for $65MM (includes inventory).
Working quick values put’s this at less than 10% of Tulsa Refinery replacement values (6-8%) which is good value but then Sunoco’s alternate was to become a write-off and a terminal.
The article mentions the HDS unit – but if Holly doesnt go ahead with a heavy crude expansion & coker addition the refinery is likely to operate at bad margins and become a large bone-pile of used equipment.