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Valero’s Expansion in St Charles delayed till 2012

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  • #3003

    basil parmesan

    Valero’s expansion in St. Charles is delayed until 2012
    by Bloomberg News
    Friday September 18, 2009, 3:17 PM
    Valero Energy Corp., the largest U.S. refiner, said it delayed until 2012 the $250 million expansion of a crude unit and coker at its refinery in St. Charles. The expansion was scheduled to start up in early 2010.

    “The St. Charles revamp and expansion project was postponed to 2012,” Valero spokesman Bill Day said in an e-mail.

    The project would expand crude processing capacity by 45,000 barrels and day and coking capacity by 10,000 barrels a day.

  • #5997


    That is not too surprising given the state of the economy and that Valero stock is down @ 70%.

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