26 January 2011 18:47 [Source: ICIS news]
TORONTO (ICIS)--The HOVENSA refinery in ?xml:namespace>
Hess said the reconfiguration of the refinery was expected to be completed in the first quarter of 2011. It would not affect the refinery’s coker or the fluid catalytic cracking (FCC) unit, Hess added.
HOVENSA interim chief operating officer John George said by eliminating some older, smaller process units, the refinery was expected to improve its competitiveness at time when the refining industry was facing difficult economic conditions.
Hess CEO John Hess added: “We expect this action will reduce HOVENSA’s operating costs and capital expenditures and make it a more competitive and efficient refinery producing a greater percentage of higher margin products.”
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