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Hovensa Low FCC Rates due Eonomics

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This topic contains 1 reply, has 2 voices, and was last updated by  Anonymous 13 years, 8 months ago.

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  • #3351

    Charles Randall
    Participant

    Hess Says Low Rates at Hovensa Refinery Driven By Economics

    By Aaron Clark
         Oct. 29, 2008 (Bloomberg)
    Hess Corp. said low fluid catalytic
    cracker rates at the Hovensa refinery in St. Croix, U.S. Virgin
    Islands, are driven by economics.
         “More of it is discretionary economic” than operational,
    Chief Executive Officer John Hess said during a conference call
    with analysts and investors today. Maintenance also affected
    capacity utilization rates, he said.
         The Hovensa refinery, the third biggest in the Americas, is
    a joint venture of Hess and state-owned Petroleos de Venezuela
    SA. The plant can process 525,000 barrels a day, according to the
    Energy Department.
         Bigger refineries in the Americas are the Paraguana refining
    complex in Venezuela, with more than 900,000 barrels a day of
    capacity, and Exxon Mobil Corp.’s Baytown refinery in Texas, at
    590,500 barrels a day.

  • #6484

    Anonymous

    Does anyone know at what low rate HOVENSA is running their FCC at?  If I recall correctly the Cat can only turn down to @ 90 mbpd.

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