US Valero to keep Aruba refinery down indefinitely

26 August 2009 23:19  [Source: ICIS news]

HOUSTON (ICIS news)--US refiner Valero said on Wednesday that it will keep its 235,000 bbl/day Aruba refinery in the Caribbean shut down for an indefinite period of time amid unfavourable economic conditions.

"Unfortunately, the differential in price between light and heavy crude oil has not widened and product margins remain low, making the refinery unprofitable to run," company spokesman Bill Day said.

The Aruba plant runs heavy grades of crude and other feedstocks and produces mostly distillates such as diesels and kerosenes as well as distillate blendstocks, such as heavy naphthas and vacuum gasoils (VGO).

The original shutdown, which occurred in July, was to only last two to three months.

To discuss issues facing the chemical industry go to ICIS connect

 

By: Steven McGinn
+1 713 525 2653

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.

Printer Friendly