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COP delays Ferndale Coker Construction to 2012 start

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This topic contains 1 reply, has 1 voice, and was last updated by  Charles Randall 12 years, 7 months ago.

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  • #3414

    Charles Randall
    Participant

     
    ConocoPhillips Delays $350 Million Coker Addition at Ferndale Refinery in Washington, an Industrial Info News Alert Thursday September 25, 7:30 am ET

    SUGAR LAND, TX–(MARKET WIRE)–Sep 25, 2008  — ConocoPhillips (Houston, Texas) has delayed a proposed $350 million, 25,000-barrel-per-day delayed coker unit addition at a refinery in Ferndale, Washington. The coker will have two coke drums and utilize ConocoPhillips’ proprietary ThruPlus delayed coking technology. Construction is expected to commence in early 2012.

  • #6548

    Charles Randall
    Participant

    Here is news update from Info Research on COP Ferndale coker project – only new item is EPC construction target date of 2012. Both Tesoro & COP delayed thier coker projects in 2006 due to 2X cost & other strategic reasons; while fast forwarding other Coking projects like Tesoro Golden Eagle Coker & COP WRN cokers.
     
    The high USWC Asphalt price rise to $650/t would have cut into coker margins but not enough to stop heavy crude margins = Tesoro putting in changes to run more Canadian OS Bitumen crudes & reducing amount asphalt production (see  news post on item coking.com).
     
    Regards

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