02 May 2013 22:29 [Source: ICIS news]
HOUSTON (ICIS)--Tesoro has shut down its Kapolei refinery in Hawaii to convert it into a distribution terminal, the US refiner said on Thursday.
“In April, we ceased refining crude oil at our Hawaii refinery and began to make adjustments to accommodate product imports, terminalling and distribution at the facility,” Tesoro CEO Gregory Goff said during a conference call on the company’s Q1 earnings.
The company is still “actively marketing the assets” to sell, Goff added.
In January 2012, Tesoro announced it was planning to sell the 94,000 bbl/day refinery and other operations in Hawaii because it no longer fit the company’s business strategy.
Earlier this year, it said it was converting the refinery, maintaining the existing distribution system to support marketing operations while continuing to offer the terminal, distribution and retail assets for sale.
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