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RE: MAP to Divest St Paul Minn. Refinery in $900M Deal

Home Forums Refining Community Refinery News MAP to Divest St Paul Minn. Refinery in $900M Deal RE: MAP to Divest St Paul Minn. Refinery in $900M Deal

#5476

Charles Randall
Participant

 I don’t think this investment group is likely to add new coker and think ACON is just looking at opportunity to fill gap left as Citgo & Valero exit the Norther Tier for gasoline & distribution assets. (The foreign investment groups behind ACON seems smack of product or intermediate import opportunity into US markets.)
 
MAP seems to be continuing its exit of Asphalt market in favor of resid upgrading on long term approach & sourcing to future Bitumen heavy crude opportunities. (Garyville recent coker expansion, Detroit coker addition, Cattelsburg coker addition, likely Robinson coker debottleneck ect)
Regards

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