09 April 2007 23:45 [Source: ICIS news]
HOUSTON (ICIS news)--Valero said on Monday its fire-damaged 170,000 bbl/day McKee refinery in Sunray, Texas, was expected to restart in mid-April, in line with a news media report that the refinery was scheduled to restart on 15 April.
The start-up would bring addition supplies to the gasoline market, which has seen prices moving up recently. An article by Reuters reporting service quoted sources as saying the refinery was scheduled for a 15 April restart.
Valero said it would not give specific dates of refinery shutdowns or start-ups, but noted the planned McKee start-up was still in line with statements made by the company made in February regarding an early-to-mid April restart.
The company said on 27 February that it anticipated it would be able to process 85,000 bbl/day of crude and produce about 55,000 bbl/day of gasoline and 20,000 bbl/day of distillate (primarily diesel and jet fuel) in early April.
The McKee refinery was shut as a result of the fire on 16 February in the propane de-asphalting unit (PDA).
The May NYMEX reformulated blendstock of oxygenate blending (RBOB) contract ended the day at $2.0946/gal down 3.42 cents from last Thursday. Despite the decline, the NYMEX RBOB contract was up from $1.9021/gal a month earlier.
For the latest chemical news, data and analysis that directly impacts your business sign up for a free trial to ICIS news - the breaking online news service for the global chemical industry.
Get the facts and analysis behind the headlines from our market leading weekly magazine: sign up to a free trial to ICIS Chemical Business.
|ICIS news FREE TRIAL|
|Get access to breaking chemical news as it happens.|
|ICIS Global Petrochemical Index (IPEX)|
|ICIS Global Petrochemical Index (IPEX). Download the free tabular data and a chart of the historical index|
Asian Chemical Connections