January 15, 2010 at 2:56 pm #2801
Update BP Announces $400 Million Upgrade to Ohio Refinery
Jan. 14, 2010
HOUSTON (Dow Jones)–BP PLC (BP) announced Thursday a $400 million project to upgrade its Ohio refinery to be able to produce more gasoline.
The announcement comes in the wake of spate of oil refinery closures in the U.S. due to waning demand for fuel and the poor economics associated with producing it. Many refiners have been cutting capital spending by delaying or canceling projects as they struggle to compete in a market that is oversupplied with oil products.
BP said the project will better its chances at survival.
“The project will improve the efficiency and competitiveness of the refinery by reducing energy consumption and lowering operating costs,” BP said in a statement.
Construction will begin this year at the 160,000 barrel-a-day plant located near Toledo, Ohio, which BP jointly owns with Husky Energy Inc. (HSE.T). The work should be finished by 2012.
Three older refinery units will be replaced with a 42,000 barrel-a-day reformer, which uses catalysts to transform naphtha into high octane gasoline.
In 2007, BP and Husky formed a venture linking the BP refinery with Husky’s Sunrise oil sands project in Alberta, Canada. It was one of a few deals U.S. refineries made with Canadian companies as a way to secure the supplies to oil sands production.
-By Susan Daker, Dow Jones Newswires; (713) 547-9208; email@example.com
January 15, 2010 at 3:10 pm #5832
Here is update on BP – Husky JV project $400 MM Upgrade and target is still 2012 completiton. And I didn’t remember this project getting stalled/canceled so not sure about this re-announcement.
After things didn’t work out with the Husky (previous BP) Lima, then Husky was fairly locked into expanding BP Toledo in JV for its Canadian crude. As I remember Toledo has newer 2 drum 35 MBD fuel coker, and older anode 2 drum coker (often both new & anode operated together on fuel operation) & an older idled 2 drum fuel coker (that the new fuel one replaced) & is used sometimes during T/A.( I would think they may have replace that one to pull off the JV plans between BP & Husky?) Most of the Toledo petcoke goes to the nearby First Energy Toledo Edison Bayshore Power Plant (500 kmtpy).
Havent seen update on Husky Lima Coking Refinery – they thought they could blend in some Syn-Bit without doing expansion at this sweet crude refinery and everyone before had give up on cost. Just about any level of sour crude would overwhelm the small anode coker there.
January 15, 2010 at 5:47 pm #5831
I need to make correction to post on BP Toledo older fuel coker. BP folks tell me that it was decommissioned and ” that it is no longer suitable for use as coking unit.”
So there are just the two operating coking units now.
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