Valero shuts cat cracker at Louisiana refinery

20 July 2006 16:29  [Source: ICIS news]

HOUSTON (ICIS news)--Valero has unexpectedly shut the fluid catalytic cracking unit (FCCU) at its 250,000 bbl/day St Charles, Louisiana refinery for repairs, the company said on Thursday morning.

Valero said the FCCU will be down for 20 days and about 65,000 bbl/day of gasoline production would be lost. It said there will be no material impact on finished distillate jet and diesel production.

August gasoline futures opened trading on the New York Mercantile Exchange (Nymex) on Thursday at $2.245/gal, up 1.52 cents/gal from Wednesday’s settlement. August values also reached a morning intra-day high of $2.275/gal.

By: Brian Balboa
+1 713 525 2653

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