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Fw: Update Global sales/closures – 3rd US Refinery Shut as Valero closes Delaware refinery

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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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  • #2867

    basil parmesan
    Participant

    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

    U.S.
    Valero Delaware
    Shut on poor 190 Nov. 09
    economics

    Western New Mexico Converted to 17 Nov. 09
    terminal

    Sunoco New Jersey Shut on poor 150 Nov. 09
    economics

    Chevron Hawaii Review for sale, 54
    closure or
    conversion
    to a terminal

    Flint Hills Alaska CDU shut on 220 Sept. 09
    economics

    Big West California Full shutdown 68 Jan. 09
    due to
    bankruptcy

    ARUBA
    Valero Aruba
    Shut on poor 275 June 09
    economics

    CANADA
    Shell Montreal Review for sale 130 July 09
    or closure

    EUROPE
    Petroplus Teesside Conversion 117 Nov. 09
    U.K. to terminal

    Shell Stanlow For sale 233 Aug. 09
    U.K.

    Shell Hamburg For sale 110 March 09
    Germany

    Shell Heide For sale 91 March 09
    Germany

    Eni Livorno For sale 84 Nov. 08
    Italy

    Total Dunkirk Shut on poor 137 Sept. 09
    France economics

    Total Gonfreville CDU shut on 173 Aug. 09
    France economics

    Repsol Bilbao CDU shut on 88 Sept. 09
    Spain economics

    Ceska Litvinov Shell 16.3% 100 June 08
    Rafinerska Kralupy company stake 68
    Czech Republic potentially
    for sale

    NEW ZEALAND
    New Zealand Marsden Pt Shell 17% share 109 Feb. 09
    Refining Co. offered for sale

    JAPAN
    Nihonkai Oil Toyama Conversion to 60 Feb. 09
    terminal

    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

    TAIWAN
    CPC Corp. Kaohsiung
    FCC shuts on 25 Oct. 09
    economics

    To contact the reporters on this story: Aaron Clark in New York at aclark27@bloomberg.netNidaa Bakhsh in London at nbakhsh@bloomberg.net

  • #5916

    Charles Randall
    Participant

    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.
     
    Regards

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