Calumet to spend $20m at Texas refinery, mulls other expansion

13 February 2013 21:06  [Source: ICIS news]

HOUSTON (ICIS)--Calumet Specialty Products plans to spend $20m (€14.8m) at its newly acquired refinery in San Antonio, Texas, and it is considering expanding other refineries, the company said on Wednesday.

Calumet completed the $115m acquisition of NuStar Refining several weeks ago. It has a throughput capacity of 14,500 bbl/day.

The refinery produces ultra-low sulphur diesel, jet fuel, specialty solvents, reformates, naphtha and vacuum gas oil.

"There are a lot of exciting growth projects going on there," said Calumet COO Jennifer Straumins.

Straumins made her comments during an earnings conference call.

"We will be spending about $20m in growth capex at that facility this year," she said.

The NuStar deal also included approximately 200,000 bbl of storage capacity at the San Antonio refinery, approximately 200,000 bbl of crude oil storage capacity at an Elmendoft crude oil terminal in Texas, as well as crude oil feedstocks sourced from south Texas, primarily the Eagle Ford shale formation.

Calumet is also considering major expansions at some of its other refineries, including its site in Great Falls, Montana.

It completed that acquisition in 2012.

The Montana refinery has a crude throughput capacity of 9,800 bbl/day.

The refinery produces gasoline, middle distillates and asphalt, which Montana Refining markets primarily into local markets in Washington, Montana and Idaho, as well as Alberta, Canada.

($1 = €0.74)


By: Al Greenwood
+1 713 525 2645



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