Valero to fine-tune US $2.1bn project proposal

01 May 2008 22:04  [Source: ICIS news]

HOUSTON (ICIS news)--US refiner Valero expects to have a more detailed proposal for its board of directors sometime this year on a $2.1bn (€1.3bn) petrochemical project at its 250,000 bbl/day refinery in St Charles, Louisiana, the company said on Thursday.

The proposed project calls for satisfying MSAT II regulations by removing benzene from gasoline at St. Charles and building a paraxylene (PX) plant.

The proposal was earlier reported by ICIS news.

($1 = €0.64)

By: Brian Balboa
+1 713 525 2653

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