Here is update on Resid/Coker capacity driven regulations closing Japanese Refineries (see Post July 1= OGJ article Jun 2010 Japan closure/Flexicoker as stand alone unit).
Shell appears to be ok, but Exxon/Petrobras & Cosmo must evaluate upgrading resid/coking capacity or shut units/plants to compete with Asian/China rivals at 33% capacity vs Japan’s 10% according to new rules that reduce crude & fuel oil and increase gasoline/diesel production. This just speeds up a regional decision on capacity that is going on worldwide ~ add cokers, or close units/plants.
Regards
