November 20, 2009 at 2:30 pm #2867
Valero Closes Delaware Plant, the Third Shut in U.S. (Update1)
By Aaron Clark and Nidaa Bakhsh
Nov. 20, 2009 (Bloomberg) — Valero Energy Corp. said it will permanently close its Delaware City, Delaware, refinery because of “very poor economic conditions.” The 190,200 barrel-a-day plant is the third U.S. refinery to shutter because of weak fuel demand.
The plant was losing $1 million a day this year, Bill Day, a spokesman for Valero said in a telephone interview. Valero considered strategic alternatives for the plant, including shutdowns of certain processing units, and a sale.
Western Refining Inc. said Nov. 9 it would close its 16,600 barrel-a-day Bloomfield refinery in New Mexico and use the plant as a terminal. Sunoco Inc.’s Eagle Point refinery in New Jersey stopped production earlier this month and was idled indefinitely because of low demand and increased foreign competition, according to Chief Executive Officer Lynn Elsenhans.
Petroplus Holdings AG suspended operations at its 117,000 barrel-a-day refinery in northeast England and is converting the site into storage and a terminal, CEO Jean-Paul Vettier said Nov. 5.
The table below shows refineries that are slated for sale, closure or conversion, and units idled for economic reasons.
Refinery Location Status Capacity Date
Valero Delaware Shut on poor 190 Nov. 09
Western New Mexico Converted to 17 Nov. 09
Sunoco New Jersey Shut on poor 150 Nov. 09
Chevron Hawaii Review for sale, 54
to a terminal
Flint Hills Alaska CDU shut on 220 Sept. 09
Big West California Full shutdown 68 Jan. 09
Valero Aruba Shut on poor 275 June 09
Shell Montreal Review for sale 130 July 09
Petroplus Teesside Conversion 117 Nov. 09
U.K. to terminal
Shell Stanlow For sale 233 Aug. 09
Shell Hamburg For sale 110 March 09
Shell Heide For sale 91 March 09
Eni Livorno For sale 84 Nov. 08
Total Dunkirk Shut on poor 137 Sept. 09
Total Gonfreville CDU shut on 173 Aug. 09
Repsol Bilbao CDU shut on 88 Sept. 09
Ceska Litvinov Shell 16.3% 100 June 08
Rafinerska Kralupy company stake 68
Czech Republic potentially
New Zealand Marsden Pt Shell 17% share 109 Feb. 09
Refining Co. offered for sale
Nihonkai Oil Toyama Conversion to 60 Feb. 09
Nippon Oil Mizushima CDU shut on 110 July to
economics March 09
Cosmo Oil Yokkaichi CDU shut on 85 Oct. 09 to
economics Jan. 10
CPC Corp. Kaohsiung FCC shuts on 25 Oct. 09
November 20, 2009 at 2:35 pm #5916
Here is update on Global sales, terminal conversion & closures or just economic shutdowns.
Valero is 3rd closure in US but I look at Delaware & Aruba & all the coking refineries as just shutdown with future sale, (like recent Sinclair & Sunoco Tulsa refineries to Holly). Economic shutdowns are also temporary but tend to highlight refineries with poorest margins, markets, conversion capability & potential sale canidates. I have highlighted the few coking refineries on this list, most are simple to cracking conversion refineries & not the complex-coking conversion refineries with just few exceptions.
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