01 June 2012 17:52 [Source: ICIS news]
HOUSTON (ICIS)--Motiva Enterprises completed a five-year project to more than double the capacity of its Port Arthur refinery in Texas to 600,000 bbl/day and expects it to be running at full rates by the end of June, a company spokesperson said on Friday.
Motiva is a joint venture by Saudi Aramco and Shell.
Executives with the two parent companies held a ceremony on Thursday to celebrate the completion, which makes the refinery the largest in the US and one of the largest in the world, Motiva said.
"We expect the Motiva Port Arthur Refinery will be running at full capacity by the end of the second quarter," said Emily Oberton, a spokesperson for Shell. The second quarter ends on 30 June.
Motiva CEO Bob Pease said the expanded refinery can process a wide variety of crude oils, ranging from relatively light to heavy. It also has the flexibility to switch between primarily producing gasoline and diesel to adapt to market conditions.
The expansion resulted in 300 new permanent jobs and has an overall regional economic impact of $17bn (€14bn), Motiva said.
($1 = €0.81)
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