Home › Forums › Refining Community › Refinery News › Update 2 – Sunoco First Close Major US Refinery in Downturn – not last › RE: Update 2 – Sunoco First Close Major US Refinery in Downturn – not last
Here is another take on Sunoco NJ Refinery S/D which frames it as example US Refinery closures to come. This is fairly large (150MBD) independent refinery – I would have thought they would have been better shape than other small refineries….but Sunoco has become a weak company in Refining sector (Canceled coker expansion & sale Tulsa Refinery, and other refineries up for sale).
During the last round of closures in 1980’s of the 150 Shutdown refineries – only 3 had cokers & all were below 75MBD. This cycle of consolidation will likely be half that amount of closures and focus on capacites less than 100-150MBD, small
simple – complex independent refineries usually without cokers. Those refineries with coking units may close for time but are often acquired and reopened with different label.
Since the US has over 23 states now without refineries & another 13 states with less than 3 small refineries (often just enough for 1 large town – not the states demand) – it isnt hard to see where the closures are likely to happen. It isnt likely to be the large very complex refineries located in the 7 states that still support MFG/Oil industry and are located in the USWC/USGC & USEC regions.