US Valero refinery projects to be finished ‘month or two’ late

31 July 2012 18:01  [Source: ICIS news]

HOUSTON (ICIS)--Two major projects at US refiner Valero’s Port Arthur refinery in Texas and its St Charles refinery in Louisiana will reach full rates later than expected, the company said on Tuesday.

“We have slipped a month or two on both projects,” a company executive said during the company’s earnings conference call. “However, these are big projects for Valero. We are just going to be finished a month or two later.”

Valero said it will bring the new hydrocracker at its 290,000 bbl/day Port Arthur refinery to full rates by the fourth quarter of 2012. The hydrocracker is on track for mechanical completion in the third quarter.

The hydrocracker project at Valero’s 205,000 bbl/day St Charles refinery is expected to be mechanically complete at the end of 2012 with full operations during the second quarter of 2013.

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By: Anna Matherne

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