14 January 2010 20:02 [Source: ICIS news]
HOUSTON (ICIS news)--BP is spending $400m (€276m) to upgrade equipment, increase gasoline capacity and reduce air emissions at its joint venture 155,000 bbl/day Toledo refinery in Oregon, Ohio, the global refiner said on Thursday.
The project involves replacing two older catalytic reformers and a hydrogen plant with a single 42,000 bbl/day reformer, which will increase the refinery’s gasoline production by 3%, BP said. The use of higher-efficiency technology is also expected to reduce regulated air emissions by more than 5%, the company said.
Reformers use special reactors and catalysts to produce high-octane gasoline blend stocks from naphtha.
Construction on the project will begin later in 2010 and is scheduled to be completed in 2012. The investment is expected to create 200 temporary construction jobs in that time.
BP runs the refinery as a 50/50 joint venture with Canada's Husky Energy. The two companies created an oil sands partnership in late 2007, in which Husky took a 50% stake in BP’s Toledo refinery and BP took a 50% stake in Husky’s Sunrise oil sands field in northeast Alberta, Canada.
($1 = €0.69)
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