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Total Update Pt Arthur Coking Refinery Expansion (Update)

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This topic contains 2 replies, has 2 voices, and was last updated by  Charles Randall 13 years, 8 months ago.

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  • #3795

    Charles Randall
    Participant

    Total Plans to Add Units to Its Port Arthur Refinery (Update1)
    2008-02-12 15:05 (New York)

    By Robert Tuttle
         Feb. 12 (Bloomberg) — Total SA, Europe’s third-largest oil
    company, said it plans to add new units to its refinery in Port
    Arthur, Texas.
         The expansion includes the addition of a 50,000 barrel-a-day
    coker, a desulfurization unit and a vacuum distillation unit, the
    company said in a release posted on its Web site. The $2.2
    billion project is scheduled for commissioning in 2011.

         The expansion will increase the refinery’s production of
    ultra-low-sulfur diesel, which accounts for more than 80 percent
    of the diesel used by trucks and cars in the U.S., by 3 million
    metric tons (about 23 million barrels) a year, the release said.
         The Total refinery can process 240,000 barrels of oil a day,
    according to U.S. Energy Department and company data
    .
         Coker units take the heaviest components of crude oil and
    convert them into lighter components for making fuel. Vacuum
    distillation units upgrade petroleum products into higher-value,
    lighter fuels such as gasoline. Desulfurization units are
    involved in removing sulfur from fuels.

    –Editors: Joe Link, Kim Jordan

    To contact the reporter on this story:
    Robert Tuttle in New York at +1-212-617-3465 or
    rtuttle@bloomberg.net

    To contact the editor responsible for this story:
    Dan Stets at +1-212-617-4403 or
    dstets@bloomberg.net

  • #7045

    Charles Randall
    Participant

    Update just in on Total Pt Arthur Refinery & Coker expansion
     
    Nothing new in this Total news release (posted also on their website) about either $2.2B refinery expansion or coker – but does validate they are still actively progressing planning stage towards EPC stage.
     
      I still have all 3 of Pt Arthur Cokers on track Motiva in EPC now, Total moving there & Valero in rear still in Planning (maybe waiting sell couple refineries get more cash  – but saw they just bought some Euro refineries (Petroplus)! ). Valero did cut Texas City Crude & coker expansion from project list last spring – but I still think if it ever lines out operations that it might move back in. And they are still process looking at replacing all 6 drums at Pt Arthur and adding two more by 2010.
     
    Think they must be listening to stock brokers & trying hedge Valero US$ in Euros$ with Petroplus buy?
    Regards

  • #7043

    Anonymous

    Valero has said it was looking in Europe for refinery purchase but they have denied being behind purchase that was moving Petroplus stock upwards.
     
    So at this point it is not a “buy” or even an announced interest in Petroplus…..outside the notice that Valero was going “shopping” for refineries in Europe.
    Regards
    Charlie

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