Valero to Repair Port Arthur Refinery Coker Drums by Mid-May
2008-04-29 11:44 (New York)
By Barbara Powell and Jordan Burke
April 29 (Bloomberg) — Valero Energy Corp., the largest
U.S. refiner, said it will finish repairing the six coker drums
on the delayed coker at its Port Arthur, Texas, refinery in the
middle of May.
The San Antonio-based refiner will then install new drums
in 2009 or 2010, Chief Executive Officer Bill Klesse said today
in an earnings conference call. The refinery has run at reduced
rates since the coker drum repairs began in February.
Coking is a high-temperature, high-pressure method of
extracting gasoline components from heavy and sour oil.
The Port Arthur refinery, the largest of Valero’s 17
plants, is capable of processing 325,000 barrels of crude a day,
according to Valero.