US Valero remains on track for five refinery capital projects

01 November 2011 19:26  [Source: ICIS news]

HOUSTON (ICIS)--Valero remains on schedule to add hydrogen plants and hydrocrackers at four of its US refineries and to complete the re-configuring of its Aruba refinery to run on liquefied natural gas (LNG), the company said on Tuesday.

Valero is adding hydrogen plants to its 180,000 bbl/day Memphis refinery in Tennessee and 155,000 bbl/day McKee refinery in Texas, both of which are on schedule for completion before the end of the year.

The company has applied for a permit for a small $100m (72m) project at the McKee refinery to increase crude throughput. Permits usually take 18-24 months to be granted.

In addition, new hydrocrackers at the 205,000 bbl/day St Charles refinery in Louisiana and its 292,000 bbl/day Port Arthur refinery in Texas are scheduled for completion in 2012.

Valero is looking for a partner or some other relationship at its 235,000 bbl/day Aruba refinery to allow the processing of very heavy crude oil, which is cheaper than lighter oils and can be handled at the Aruba facility.

Valero said it has also worked on a project in conjunction with the government of Aruba to import LNG for processing at the island's refinery. The engineering reconfigurations have been completed and Valero is now receiving solicitations for supply. The project will reduce the refinery's feedstock costs and improve its operational reliability.

($1 = €0.72)

By: Sheena Martin
+1 713 525 2653

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