Valero’s Texas refinery down for several weeks

21 February 2007 00:31  [Source: ICIS news]

HOUSTON (ICIS news)--Valero said on Tuesday it will be several weeks at least before it can restart its fire-damaged 170,000 bbl/day McKee refinery in Sunray, Texas.

The company said it still did not have all of the information needed to announce a credible timeline for a startup. 

The McKee refinery was shut as a result of the fire on 16 February in the propane deasphalting unit (PDA).

Valero said damage to the refinery was largely confined to the PDA and adjacent piping systems. The company said there also is heat damage to a cooling tower near the propane deasphalting unit and fire damage to a naphtha fractionation tower. 

Gasoline and naphtha prices moved higher on Tuesday.

On the New York Mercantile Exchange (Nymex), the March reformulated blendstock of oxygenate blending (RBOB) futures contract settled at $1.6491/gal, up 0.38 cents from 16 February.

US Gulf N+A spot naphtha prices ended the day at $1.6100-1.6125/gal, up 1.5 cents from last Friday.

By: Brian Balboa
+1 713 525 2653

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