26 April 2013 22:02 [Source: ICIS news]
HOUSTON (ICIS)--LyondellBasell has completed a two-month turnaround at its Houston Refinery that will allow it to run larger portions of lighter crude, the company's CEO said on Friday.
One of the reasons the company conducted work on the crude unit was so it could handle lighter crudes, said Jim Gallogly, LyondellBasell CEO.
He made his comments during an earnings conference call.
As a result of the work, the refinery can probably run blends of about 20% light, tight crude, Gallogly said. However, numerous factors affect the refinery's blend rates.
The turnaround at the Houston Refinery comes as rising US production of shale oil has provided companies with access to lighter crudes.
Already, US-based refiner Valero has ceased importing foreign light crudes for its refineries on the Gulf coast and in Memphis, Tennessee.
Valero is evaluating possible projects to further increase its capacity to process larger amounts of domestically produced light crudes, the company said.
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