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Valero Plans Work for St. Charles Refinery in 2011

Bloomberg -- Valero Energy Corp., the largest U.S. independent refiner, will spend $200 million to improve reliability at a gasoline-producing unit at its St. Charles refinery in Norco, Louisiana.

The project will reduce the frequency of required maintenance on the unit, giving the company access to a larger amount of processing capacity over the course of two years, Chief Executive Officer Bill Klesse said.

The unit, a fluid catalytic cracker, has the ability to process 100,000 barrels of crude oil a day, Klesse said after attending the National Petrochemical and Refiners’ Association annual meeting in Phoenix.

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Submitted Mar 22, 2010 By: ziyulu

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206awd250 Champion Author Seattle Posts:1,253 Points:429,665 Joined:Nov 2008	Message Posted: Mar 22, 2010 9:54:51 AM Ignore 206awd250 Report Abuse good for them. 1 refinery wont make a difference though.
condé Champion Author Michigan Posts:1,401 Points:1,317,980 Joined:Oct 2004	Message Posted: Mar 22, 2010 9:54:42 AM Ignore condé Report Abuse Good for them...
Sam195 Champion Author San Bernardino Posts:3,225 Points:620,325 Joined:Oct 2008	Message Posted: Mar 22, 2010 9:53:28 AM Ignore Sam195 Report Abuse Refinery shutdowns for "maintenance" often spike gas prices, so I think this is good news.
CISA Champion Author Orange County Posts:2,119 Points:678,220 Joined:Dec 2006	Message Posted: Mar 22, 2010 9:52:54 AM Ignore CISA Report Abuse noted
RoadhogMA Champion Author Boston Posts:2,089 Points:476,625 Joined:Dec 2008	Message Posted: Mar 22, 2010 9:52:49 AM Ignore RoadhogMA Report Abuse Sounds good.
rfe330 All-Star Author Winston-Salem Posts:700 Points:229,275 Joined:Nov 2008	Message Posted: Mar 22, 2010 9:48:12 AM Ignore rfe330 Report Abuse ...don't care.
jwalkerh Champion Author Louisiana Posts:2,103 Points:564,120 Joined:Oct 2008	Message Posted: Mar 22, 2010 9:47:50 AM Ignore jwalkerh Report Abuse This sounds like good news for Louisiana, especially the New Orleans area.
beachbumCA Champion Author Riverside Posts:4,069 Points:767,500 Joined:May 2008	Message Posted: Mar 22, 2010 9:47:05 AM Ignore beachbumCA Report Abuse What we need is a new refinery or two. BUT, not in my back yard.
rtw777 Champion Author Florida Posts:4,419 Points:865,925 Joined:Jan 2008	Message Posted: Mar 22, 2010 9:45:58 AM Ignore rtw777 Report Abuse Hope this helps their stock price.
packards42 Champion Author Washington Posts:1,675 Points:305,305 Joined:Feb 2005	Message Posted: Mar 22, 2010 9:38:29 AM Ignore packards42 Report Abuse I hope it works that upset the spring price increase if Valero doesn't have maintenance shutdowns for two years. Good on them.
vizilo Champion Author British Columbia Posts:1,946 Points:1,837,570 Joined:May 2004	Message Posted: Mar 22, 2010 9:37:38 AM Ignore vizilo Report Abuse This will lead to lower prices?
Texrider49 All-Star Author New Haven Posts:648 Points:215,520 Joined:Dec 2007	Message Posted: Mar 22, 2010 9:37:12 AM Ignore Texrider49 Report Abuse and the price will still raise
BillHeatherL Champion Author Alberta Posts:2,782 Points:984,085 Joined:Apr 2007	Message Posted: Mar 22, 2010 9:35:43 AM Ignore BillHeatherL Report Abuse profits must be up again
ljmatney Champion Author Wichita Posts:4,024 Points:565,120 Joined:Jul 2008	Message Posted: Mar 22, 2010 9:35:34 AM Ignore ljmatney Report Abuse Quit playing the victim. Be responsible and conserve.
smoketown Champion Author Cincinnati Posts:2,880 Points:597,260 Joined:Feb 2008	Message Posted: Mar 22, 2010 9:35:04 AM Ignore smoketown Report Abuse They will make all back in profits fast............
BazooQC Champion Author Montreal Posts:4,766 Points:679,405 Joined:Oct 2008	Message Posted: Mar 22, 2010 9:34:00 AM Ignore BazooQC Report Abuse Very good. Note they make sure to mention the cost. Up go gas prices.
SpruceGuse2 Champion Author Michigan Posts:4,893 Points:1,492,690 Joined:Mar 2006	Message Posted: Mar 22, 2010 9:32:03 AM Ignore SpruceGuse2 Report Abuse They don't need excuses anymore, they just do what they want.
Jizme Champion Author Lincoln Posts:4,933 Points:1,932,090 Joined:Oct 2004	Message Posted: Mar 22, 2010 9:32:01 AM Ignore Jizme Report Abuse I agree with you Rick52
04tang Champion Author Ohio Posts:1,802 Points:390,385 Joined:Jul 2006	Message Posted: Mar 22, 2010 9:30:23 AM Ignore 04tang Report Abuse Any excuse to raise prices, We will be paying for this from now and forever.
JCUBE Champion Author Michigan Posts:3,561 Points:950,100 Joined:Aug 2003	Message Posted: Mar 22, 2010 9:29:34 AM Ignore JCUBE Report Abuse Keep hook nosed Al Gore and his enviornmindless tree hugging freaks, and the morons at the Energy Dept. out of the way and we may see some progress. Let's kick OPEC's tail!
Rick52 Champion Author Milwaukee Posts:6,260 Points:280,105 Joined:Mar 2005	Message Posted: Mar 22, 2010 9:29:08 AM Ignore Rick52 Report Abuse So with all the GOUGING they did to us ....They now have money to update their refinery ..... WOW !!!!!!
captngasTN Champion Author Tennessee Posts:1,738 Points:428,900 Joined:Jun 2009	Message Posted: Mar 22, 2010 9:28:31 AM Ignore captngasTN Report Abuse hope it starts a trend to increase reliabilty
esorsd Champion Author St. Louis Posts:1,092 Points:693,025 Joined:May 2005	Message Posted: Mar 22, 2010 9:27:51 AM Ignore esorsd Report Abuse Hopefully the work doesn't run up the prices too much
AC-302 Champion Author Los Angeles Posts:14,877 Points:1,947,685 Joined:Aug 2004	Message Posted: Mar 22, 2010 9:27:11 AM Ignore AC-302 Report Abuse Bully for Valero.
Hunter114 Champion Author Chicago Posts:3,004 Points:492,370 Joined:Apr 2009	Message Posted: Mar 22, 2010 9:27:00 AM Ignore Hunter114 Report Abuse Interesting, though I don't buy gas from them.
HEBster Champion Author Kentucky Posts:3,948 Points:1,411,385 Joined:May 2006	Message Posted: Mar 22, 2010 9:24:10 AM Ignore HEBster Report Abuse Tough timing...
Retowered Champion Author Colorado Posts:4,143 Points:1,724,945 Joined:May 2004	Message Posted: Mar 22, 2010 9:24:00 AM Ignore Retowered Report Abuse Sell while it is up. GREED
CharlieC08 Champion Author Colorado Posts:3,827 Points:651,245 Joined:Oct 2008	Message Posted: Mar 22, 2010 9:22:38 AM Ignore CharlieC08 Report Abuse At todays price I would be selling all I could.
MacGyver_1701 Champion Author Indiana Posts:6,834 Points:1,574,600 Joined:Feb 2005	Message Posted: Mar 22, 2010 9:22:34 AM Ignore MacGyver_1701 Report Abuse This work will probably be planned during the highest demand stage to increase price.
DABEE1073 Champion Author San Diego Posts:2,991 Points:599,445 Joined:Jun 2008	Message Posted: Mar 22, 2010 9:22:17 AM Ignore DABEE1073 Report Abuse VALERO IS A HIGH PRICED GAS ALONG WITH SHELL AND OTHERS. THIS ONLY MEANS THE PRICE WILL GET HIGHER. SHOP AROUND!!
KarateDude Champion Author Cincinnati Posts:1,426 Points:307,195 Joined:Mar 2008	Message Posted: Mar 22, 2010 9:21:34 AM Ignore KarateDude Report Abuse How can you tell what gas is from the Valero refinery?
bills55 Champion Author San Diego Posts:1,178 Points:303,950 Joined:Sep 2009	Message Posted: Mar 22, 2010 9:20:46 AM Ignore bills55 Report Abuse I also don't buy from valero, ever.
armstrmb Champion Author Houston Posts:5,347 Points:1,114,680 Joined:Jun 2007	Message Posted: Mar 22, 2010 9:20:40 AM Ignore armstrmb Report Abuse I agree with niceguytx. I just hope that they are careful when starting up the catalytic cracker.
diatzikis All-Star Author Raleigh Posts:718 Points:196,855 Joined:Jul 2008	Message Posted: Mar 22, 2010 9:20:12 AM Ignore diatzikis Report Abuse Joke. They don't want to improve efficiency, as when refinery go off-line, then gas can go up, even when oil is going down. It's all a game.
silverfox63 Champion Author Michigan Posts:3,354 Points:670,720 Joined:Oct 2008	Message Posted: Mar 22, 2010 9:19:09 AM Ignore silverfox63 Report Abuse Regardless if they do or don't, I will not buy gas from Valero no matter how cheap it is! I will not buy Valenzuela gas no matter what!
niceguytx Champion Author Houston Posts:8,963 Points:1,749,725 Joined:Sep 2005	Message Posted: Mar 22, 2010 9:18:55 AM Ignore niceguytx Report Abuse There is plenty of spare capacity now, so it is a good time to do maintenance.
techque Champion Author St. Louis Posts:3,892 Points:1,526,290 Joined:Apr 2005	Message Posted: Mar 22, 2010 9:18:33 AM Ignore techque Report Abuse they're taking our money in record amounts. the least they can do with it is to reinvest in back into product.
Gas_Buzzer Champion Author South Carolina Posts:9,493 Points:1,705,010 Joined:Sep 2005	Message Posted: Mar 22, 2010 9:18:30 AM Ignore Gas_Buzzer Report Abuse Our Valero stations here are NASTY!
mooneagle Champion Author Oklahoma City Posts:3,821 Points:785,165 Joined:Jun 2008	Message Posted: Mar 22, 2010 9:15:48 AM Ignore mooneagle Report Abuse thats good
tazdriver Champion Author Huntsville Posts:4,892 Points:1,182,100 Joined:Jan 2007	Message Posted: Mar 22, 2010 9:15:16 AM Ignore tazdriver Report Abuse More efficient refineries are something we can use to lower cost.
The_Gunslinger Champion Author Arkansas Posts:1,897 Points:384,340 Joined:Oct 2008	Message Posted: Mar 22, 2010 9:15:14 AM Ignore The_Gunslinger Report Abuse Good news!
dopster Champion Author Toledo Posts:2,207 Points:1,358,210 Joined:Aug 2004	Message Posted: Mar 22, 2010 9:14:47 AM Ignore dopster Report Abuse It would really make sense to have refineries up and producing as peak driving season draws near.
PrepHermit Champion Author New Jersey Posts:3,280 Points:677,455 Joined:Aug 2008	Message Posted: Mar 22, 2010 9:14:29 AM Ignore PrepHermit Report Abuse That's good for the employees and people of the area.
gasman50 Champion Author Portland Posts:3,929 Points:1,437,825 Joined:Nov 2005	Message Posted: Mar 22, 2010 9:14:08 AM Ignore gasman50 Report Abuse Hope it works for them, refining is a very tough business
Sneakers55 Champion Author Houston Posts:32,127 Points:1,298,270 Joined:Nov 2005	Message Posted: Mar 22, 2010 9:13:07 AM Ignore Sneakers55 Report Abuse mreiff wrote: >Finally, some additional refining capacity. Oil companies have been investing in "debottlenecking" for quite a while now. They likely would have invested more if it wasn't for Bush-43 signing the energy bill.
indyjim Champion Author Indianapolis Posts:4,768 Points:1,350,645 Joined:Jul 2006	Message Posted: Mar 22, 2010 9:10:02 AM Ignore indyjim Report Abuse Without replacing old technology with new technology, the only thing that really changes is philosophy. You can wave a magic wand and "say" maintenance is not required at the same intervals, but is that really true? Like mechanics say..............you can pay me now or pay me later, but you will pay me.
klatu2u All-Star Author New Jersey Posts:831 Points:197,475 Joined:Jun 2009	Message Posted: Mar 22, 2010 9:06:30 AM Ignore klatu2u Report Abuse Sounds like a good thing, but you can be sure Valero will be recouping it's costs by passing them along to the consumer. And then they'll take the tax advantages too.
RobertSpratt All-Star Author Virginia Beach Posts:792 Points:234,245 Joined:Jul 2007	Message Posted: Mar 22, 2010 9:06:10 AM Ignore RobertSpratt Report Abuse Good for them. And maybe consumers.
RootbeerFan Sophomore Author Illinois Posts:222 Points:600,830 Joined:May 2005	Message Posted: Mar 22, 2010 9:04:39 AM Ignore RootbeerFan Report Abuse That is good news for gas prices.
maske_2222 Champion Author Manitoba Posts:3,128 Points:648,115 Joined:Oct 2008	Message Posted: Mar 22, 2010 9:03:46 AM Ignore maske_2222 Report Abuse Good intend....we will see.
hauler43 Champion Author Oakland Posts:4,829 Points:1,857,380 Joined:Sep 2003	Message Posted: Mar 22, 2010 9:02:40 AM Ignore hauler43 Report Abuse Will hope this bring a steady prices
jony Champion Author Florida Posts:2,958 Points:826,900 Joined:May 2006	Message Posted: Mar 22, 2010 9:01:27 AM Ignore jony Report Abuse WOW! a refinery that thinks ahead, how novel