Here is update on the sale of Valero’s Delaware Fluid Coking Refinery to PBF Partners (O’Malley & folks) and looks like it is already slated for start-up. You will remember on recent news items it was delisted in Jan 2010 EIA US Refinery list & was part of capacity drop shown by them.
Although technically correct – as one few complex refineries on East Coast this should have always been in the “idled” category as it went thur a sales process.
I still wonder if the stringent guarantee’s Valero had make to Delaware on this plant due to Motiva/Texaco Gasification long history of bad environmental track record wasn’t really behind the shutdown ….. or at least more so than bad economics. I know Valero would have required big guarantees from Motiva & GE(took over Texaco technology) that if they invested more funds the problems would be cured…..and they were not (way too many crashes for the fluid coker & gasifer/power plant to ever run right). Perhaps the closure triggered the payoff for these guarantee’s??