14 December 2001 22:29 [Source: ICIS news]
HOUSTON (CNI)--Frontier Oil is exiting its petrochemical operations to focus solely on the oil business with a plan to cease production of cumene, phenol and acetone at its refinery in El Dorado, Kansas by the end of the first quarter, the company told CNI Friday.
The decision will eliminate 27 positions at the refinery but Doug Aron, investor relations manager for Houston-based Frontier said it is yet to be determined how many of those workers may move to other parts of Frontier's refinery operations there.
He described the petrochemical operations as unprofitable for a company with such a small base of production and said Frontier plans to convert those facilities to production of motor fuels.
Acquired in 1999 from Equilon Enterprises, the refinery boasts annual capacities of 77 132 tonne for cumene, 47 640 tonne for phenol and 29 491 for acetone.
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