11 July 2013 10:29 [Source: ICIS news]
SINGAPORE (ICIS)--Japanese refiner Cosmo Oil will permanently shut down its 140,000 bbl/day Sakaide refinery in Kagawa prefecture by end-July, a company source said on Thursday.
The closure 140,000 bbl/day crude distillation unit (CDU) at the refinery was completed on 8 July, but secondary units are presently still operational and will be shut permanently by the end of the month, a second source said.
Secondary units at the refinery include a 41,500 bbl/day vacuum distillation unit (VDU) a 20,000 bbl/day fluid catalytic cracker (FCC) and a 14,000 bbl/day naphtha catalytic reforming unit.
Cosmo announced in August 2012 that it will close the Sakaide refinery citing declines in domestic demand resulting from an aging population, and more efficient energy use.
The move is part of a restructuring of Cosmo’s refinery supply operations amid increased supply of petroleum products following the construction of new refinery capacity in the Middle East.
Cosmo had said that the Sakaide site will be used as an oil terminal for the supply of oil products to western Japan.
Its three other refineries – a 220,000 bbl/day unit in Chiba, a 175,000 bbl/day unit in Yokkaichi and a 100,000 bbl/day in Sakai – will all continue to operate, the company said.
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