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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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hauler43 Champion Author Oakland Posts:4,829 Points:1,857,530 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
bababooey2 Champion Author Hartford Posts:1,486 Points:326,840 Joined:Sep 2009	Message Posted: Mar 22, 2010 8:59:32 AM Ignore bababooey2 Report Abuse Why?
njerald Champion Author Seattle Posts:2,907 Points:669,405 Joined:Oct 2007	Message Posted: Mar 22, 2010 8:57:47 AM Ignore njerald Report Abuse Komrade B O will set them straight, I mean Socialist....
2907 Champion Author Kentucky Posts:1,439 Points:789,795 Joined:Aug 2005	Message Posted: Mar 22, 2010 8:57:44 AM Ignore 2907 Report Abuse Planning for the future.
KillChain Champion Author Albuquerque Posts:2,264 Points:603,800 Joined:Jun 2006	Message Posted: Mar 22, 2010 8:56:53 AM Ignore KillChain Report Abuse Valero is an up and coming company, good luck to them.
oilrobber Champion Author Miami Posts:4,689 Points:958,760 Joined:May 2007	Message Posted: Mar 22, 2010 8:56:39 AM Ignore oilrobber Report Abuse God bless the independents, this country needs more companies like this one.
Zuman Champion Author New York Posts:1,509 Points:965,040 Joined:May 2005	Message Posted: Mar 22, 2010 8:54:48 AM Ignore Zuman Report Abuse Glad to see some one investing in infrastructure.
Cuzilla Champion Author Indianapolis Posts:8,819 Points:1,552,165 Joined:Sep 2005	Message Posted: Mar 22, 2010 8:51:11 AM Ignore Cuzilla Report Abuse If it works out for them, good!
fltdoc Champion Author Oklahoma Posts:3,480 Points:605,915 Joined:Oct 2008	Message Posted: Mar 22, 2010 8:50:31 AM Ignore fltdoc Report Abuse Probably a very smart move. If prices remain high and increase as they probably will, avoiding down time will easily pay for the improvements.
SaltyDogMA Champion Author Massachusetts Posts:1,553 Points:447,620 Joined:May 2008	Message Posted: Mar 22, 2010 8:49:41 AM Ignore SaltyDogMA Report Abuse The more we can refine, the better off we'll be.
kruk Champion Author London Posts:2,843 Points:332,715 Joined:Jan 2007	Message Posted: Mar 22, 2010 8:49:15 AM Ignore kruk Report Abuse tey predict highier prices????
afghaned Champion Author Hamilton Posts:4,381 Points:312,775 Joined:May 2004	Message Posted: Mar 22, 2010 8:47:36 AM Ignore afghaned Report Abuse Keep refineries open rather than closing them.
72_Monte Champion Author Twin Cities Posts:2,830 Points:1,025,730 Joined:Aug 2005	Message Posted: Mar 22, 2010 8:47:23 AM Ignore 72_Monte Report Abuse Unusual news, in a sector where they say they aren't making all that much money. * nstrdnvst: I'm sure that refiners pinching refining capacity overall will have NOTHING to do with fuel prices. Ah huh. Goatroper: You don't read too much about the refining business, hmmm? [Edited by: 72_Monte at 3/22/2010 8:54:21 AM EST]**
Goatroper Champion Author Dallas Posts:2,071 Points:418,140 Joined:Apr 2004	Message Posted: Mar 22, 2010 8:46:46 AM Ignore Goatroper Report Abuse Okay...so don't all the refiners do a certain amount of required maintenance?? How is this newsworthy? It's like saying Americans will change their oil in their cars.
nstrdnvstr Champion Author Twin Cities Posts:29,529 Points:3,017,685 Joined:May 2001	Message Posted: Mar 22, 2010 8:45:32 AM Ignore nstrdnvstr Report Abuse TomT2Lee, "They are getting ready to process that $5 a gallon gas." If/when gas gets to $5 a gallon, it won't be Valeros fault.
Zinnoil Champion Author Florida Posts:18,901 Points:2,139,725 Joined:May 2004	Message Posted: Mar 22, 2010 8:45:12 AM Ignore Zinnoil Report Abuse Great news. Valero was previously attempting to sell a lot of its refineries.
AnObserver Champion Author New Jersey Posts:4,285 Points:1,421,795 Joined:Sep 2005	Message Posted: Mar 22, 2010 8:44:38 AM Ignore AnObserver Report Abuse Higher retail prices spur investment in production capacity [Edited by: AnObserver at 3/22/2010 8:44:56 AM EST]
tbgasmizer Champion Author Ontario Posts:1,294 Points:293,080 Joined:Oct 2009	Message Posted: Mar 22, 2010 8:44:16 AM Ignore tbgasmizer Report Abuse they got it might as well spend it they will get it all back Plus from the consumer.
mreiff Champion Author Louisville Posts:1,623 Points:365,120 Joined:May 2009	Message Posted: Mar 22, 2010 8:43:44 AM Ignore mreiff Report Abuse Finally, some additional refining capacity. [Edited by: mreiff at 3/22/2010 8:44:07 AM EST]
braves89 Champion Author Chicago Posts:2,765 Points:659,370 Joined:Apr 2008	Message Posted: Mar 22, 2010 8:42:58 AM Ignore braves89 Report Abuse and yet this somehow will lead to higher prices
DRHCNY Champion Author New York Posts:1,823 Points:545,965 Joined:Oct 2007	Message Posted: Mar 22, 2010 8:42:18 AM Ignore DRHCNY Report Abuse Do more and talk less.
BartBuzz Champion Author Atlanta Posts:3,938 Points:810,010 Joined:Aug 2006	Message Posted: Mar 22, 2010 8:41:49 AM Ignore BartBuzz Report Abuse They must smell higher prices in the air. Summer isn't that far away. Keep conserving.
Skipper52 Champion Author Massachusetts Posts:2,556 Points:633,925 Joined:Oct 2008	Message Posted: Mar 22, 2010 8:41:36 AM Ignore Skipper52 Report Abuse Sounds like their doing in right thing.
DieselKat Champion Author Tennessee Posts:1,721 Points:1,414,575 Joined:Oct 2005	Message Posted: Mar 22, 2010 8:41:15 AM Ignore DieselKat Report Abuse Hark! Did I just hear some good news from he US?
Gas Slave Champion Author Lansing Posts:3,294 Points:775,845 Joined:Jul 2004	Message Posted: Mar 22, 2010 8:39:04 AM Ignore Gas Slave Report Abuse Why on earth do they want greater (unutilized) capacity?
Ltdc Champion Author Long Island Posts:2,387 Points:724,795 Joined:Jul 2007	Message Posted: Mar 22, 2010 8:38:39 AM Ignore Ltdc Report Abuse Sounds like a win win for everyone.
Agabel Champion Author Colorado Springs Posts:1,531 Points:945,840 Joined:Aug 2005	Message Posted: Mar 22, 2010 8:37:37 AM Ignore Agabel Report Abuse drop in the bucket for the oil companies. I'm sure we will all pay for the cost in fuel prices.
gilfarm Champion Author Alabama Posts:2,152 Points:1,012,285 Joined:Sep 2005	Message Posted: Mar 22, 2010 8:35:13 AM Ignore gilfarm Report Abuse That seems like alot of money to improve reliability.
BeaverBilly Champion Author Alberta Posts:4,995 Points:1,578,660 Joined:Feb 2003	Message Posted: Mar 22, 2010 8:34:36 AM Ignore BeaverBilly Report Abuse Refinery upgrades are long overdue. Thats likely why fuel prices have not dropped.
curlypooh Champion Author New Jersey Posts:4,945 Points:1,036,190 Joined:Apr 2007	Message Posted: Mar 22, 2010 8:34:24 AM Ignore curlypooh Report Abuse ?
SwampDonkeyME Veteran Author Maine Posts:266 Points:53,110 Joined:Nov 2008	Message Posted: Mar 22, 2010 8:33:46 AM Ignore SwampDonkeyME Report Abuse They already have three refineries shut down right now, it should make no difference.
netman044 Champion Author Texas Posts:3,844 Points:646,060 Joined:Sep 2005	Message Posted: Mar 22, 2010 8:32:24 AM Ignore netman044 Report Abuse They will have to take it offline to work on it. Since most refineries are running at about 80% capacity that would mean that they are processing about 80,000 barrels/day. I'm sure that this loss of output will lead to higher pump prices.
Gassed01 Champion Author Toronto Posts:1,751 Points:851,600 Joined:Jan 2006	Message Posted: Mar 22, 2010 8:30:52 AM Ignore Gassed01 Report Abuse Investment in refining - need to see more of this.
ByGuy Champion Author Dallas Posts:3,246 Points:789,660 Joined:Nov 2005	Message Posted: Mar 22, 2010 8:28:49 AM Ignore ByGuy Report Abuse That should lower the price of gas, right?
salog Champion Author Columbia Posts:3,528 Points:878,865 Joined:Oct 2006	Message Posted: Mar 22, 2010 8:28:26 AM Ignore salog Report Abuse thinking ahead, something new for a refiner.
cableman31 Champion Author New York Posts:4,047 Points:1,071,805 Joined:May 2004	Message Posted: Mar 22, 2010 8:28:24 AM Ignore cableman31 Report Abuse That upgrade will cost us plenty.
racerdj Champion Author Indianapolis Posts:4,920 Points:1,082,010 Joined:Jun 2003	Message Posted: Mar 22, 2010 8:28:03 AM Ignore racerdj Report Abuse Do people care?
SUV2009 Champion Author Orlando Posts:1,132 Points:266,065 Joined:Oct 2009	Message Posted: Mar 22, 2010 8:27:27 AM Ignore SUV2009 Report Abuse Nothing like planning 2011. The only news here is that production is down because we have not repaired our plant. Guess we should raise gas prices.
lkozark Champion Author Missouri Posts:2,358 Points:561,560 Joined:Jul 2007	Message Posted: Mar 22, 2010 8:21:13 AM Ignore lkozark Report Abuse When you are running below capacity, it is a good time for repairs/upgrades.
greenfog Champion Author Illinois Posts:1,729 Points:677,425 Joined:Feb 2008	Message Posted: Mar 22, 2010 8:18:43 AM Ignore greenfog Report Abuse and how long will the plant be down actually? and how much are the cost over runs going to be and how much are they going to tack onto the gas they produce to make us pay for it?
PENNYPINCHR Champion Author Twin Cities Posts:2,557 Points:1,679,175 Joined:Jul 2001	Message Posted: Mar 22, 2010 8:17:50 AM Ignore PENNYPINCHR Report Abuse Hard to believe that they would invest this much money if they aren't making any money................
w4kh Champion Author Riverside Posts:6,876 Points:1,278,470 Joined:May 2004	Message Posted: Mar 22, 2010 8:16:31 AM Ignore w4kh Report Abuse $200 Million is a lots of money to spend on a refinery unless it is profitable... this must mean all the whining about not being able to make a profit was just whining...
torch347 All-Star Author Indianapolis Posts:577 Points:476,785 Joined:Jul 2007	Message Posted: Mar 22, 2010 8:14:05 AM Ignore torch347 Report Abuse We should be refining more oil in the states, which would cut importing from other countries.
Buck_on_Bass Champion Author Tennessee Posts:2,806 Points:600,855 Joined:Jul 2007	Message Posted: Mar 22, 2010 8:13:56 AM Ignore Buck_on_Bass Report Abuse Looks like Valero is expecting to stay in the refining business and is attempting to improve efficiency.
30mpg80 Champion Author Lexington Posts:1,360 Points:513,020 Joined:Nov 2008	Message Posted: Mar 22, 2010 8:12:00 AM Ignore 30mpg80 Report Abuse Have to invest money to make money.
Digger5 Veteran Author Milwaukee Posts:325 Points:963,315 Joined:Jun 2004	Message Posted: Mar 22, 2010 8:10:51 AM Ignore Digger5 Report Abuse More up time, means more $$$ in their pockets. Sounds like a good strategy to me.
I10Express Champion Author San Antonio Posts:3,715 Points:664,295 Joined:Nov 2008	Message Posted: Mar 22, 2010 8:10:39 AM Ignore I10Express Report Abuse Bloomberg is the speculators rag.
bad_sailor Champion Author London Posts:2,989 Points:726,105 Joined:Dec 2007	Message Posted: Mar 22, 2010 8:08:47 AM Ignore bad_sailor Report Abuse That's nice.
JimL1 Champion Author Phoenix Posts:3,148 Points:386,670 Joined:Jul 2003	Message Posted: Mar 22, 2010 8:08:35 AM Ignore JimL1 Report Abuse In the last 30 minutes ziyulu has posted five articles designed to increase speculator frenzy. Is ziyulu a speculator/manipulator? Is this because ziyulu hopes to get more amateur SPECULATORs sucked into the SPECULATOR & MANIPULATOR game. As I said before, I have been tracking SPECULATOR postings on this site for weeks. The least number of articles designed to increase speculation on any one day has been two. At the moment, it is five out of five. Experienced SPECULATORs tend to win more profits as more of those not deeply experienced in commodity speculation get into the game. It is very similar to a poker game in that respect. The new players/ SPECULATORs normally get their clocks cleaned and the experienced players/ SPECULATORs increase their winnings. Like I said, it is just like in poker games, suck the inexperienced in and clean their clocks or rather pockets.
cv Champion Author Raleigh Posts:10,259 Points:2,291,130 Joined:Oct 2003	Message Posted: Mar 22, 2010 8:08:32 AM Ignore cv Report Abuse After those improvements they will be able to reduce the percentage of crude refined and keep gas prices high, that's the name of the game.
FBI2991 Champion Author Michigan Posts:1,572 Points:415,630 Joined:Nov 2008	Message Posted: Mar 22, 2010 8:08:12 AM Ignore FBI2991 Report Abuse Just in time to sell more gas at the higher prices?