Valero to Decide This Year Whether to Sell New Jersey Refinery 2008-05-01 14:06 (New York)
By Jordan Burke and Barbara Powell May 1 (Bloomberg) — Valero Energy Corp. will decide before
the fourth quarter if it should sell all or part of its refinery
in Paulsboro, New Jersey. The company is considering a sale, asset swap or joint
venture, Bill Klesse, Valero chief executive officer, said after
a shareholder meeting today.
The Paulsboro refinery has a maximum operating capacity of
166,000 barrels a day, according to U.S. Energy Department and
Valero has 17 refineries in the U.S., Canada and Caribbean.