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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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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?
REKEY Champion Author South Carolina Posts:3,647 Points:731,200 Joined:May 2008	Message Posted: Mar 22, 2010 8:07:33 AM Ignore REKEY Report Abuse Hurricane proof it!
TomT2Lee Champion Author Cincinnati Posts:3,470 Points:1,091,790 Joined:Sep 2005	Message Posted: Mar 22, 2010 8:06:04 AM Ignore TomT2Lee Report Abuse They are getting ready to process that $5 a gallon gas.
DerHahn Champion Author Illinois Posts:8,117 Points:1,149,950 Joined:May 2004	Message Posted: Mar 22, 2010 8:05:35 AM Ignore DerHahn Report Abuse will they actually increase capacity or just keep it shut down long enough to lower supplies and raise prices?
clement007 Champion Author Cleveland Posts:2,136 Points:879,325 Joined:Apr 2005	Message Posted: Mar 22, 2010 8:04:24 AM Ignore clement007 Report Abuse Get it done get back and running sounds like a smart idea to me.
Bpers2001 All-Star Author Seattle Posts:735 Points:104,070 Joined:Nov 2009	Message Posted: Mar 22, 2010 8:03:53 AM Ignore Bpers2001 Report Abuse Planning for the future. Good to know.
GasholeMI Champion Author Lansing Posts:5,299 Points:762,840 Joined:Jul 2008	Message Posted: Mar 22, 2010 8:02:49 AM Ignore GasholeMI Report Abuse Sounds like a good plan--reducing the frequency of required maintenance.
nerde Champion Author Florida Posts:1,352 Points:365,750 Joined:Jul 2009	Message Posted: Mar 22, 2010 8:02:43 AM Ignore nerde Report Abuse Good.
dan30thz28 Champion Author New Jersey Posts:1,277 Points:1,056,375 Joined:Feb 2006	Message Posted: Mar 22, 2010 8:02:16 AM Ignore dan30thz28 Report Abuse Wow, a new refinery?
ttwiw Champion Author Austin Posts:1,994 Points:918,220 Joined:Sep 2005	Message Posted: Mar 22, 2010 8:01:25 AM Ignore ttwiw Report Abuse Good for them! Consumers love a reliable gas source!
goldseeker Champion Author West Virginia Posts:12,905 Points:1,747,365 Joined:Sep 2005	Message Posted: Mar 22, 2010 7:58:44 AM Ignore goldseeker Report Abuse OK
dabayer All-Star Author New Hampshire Posts:710 Points:226,735 Joined:Oct 2005	Message Posted: Mar 22, 2010 7:57:57 AM Ignore dabayer Report Abuse What a sacrifice. After raking in BILLIONS of dollars every QUARTER, one refiner actually invests a mere $200 MILLION to reduce downtime (maintenance).
MertieMan Champion Author Lexington Posts:9,837 Points:1,920,260 Joined:May 2005	Message Posted: Mar 22, 2010 7:57:56 AM Ignore MertieMan Report Abuse I guess now that we foresee gas prices going up while this happens, right?
TommyTraveler Champion Author Cincinnati Posts:3,696 Points:723,005 Joined:Nov 2007	Message Posted: Mar 22, 2010 7:57:33 AM Ignore TommyTraveler Report Abuse Turning profits back into investment in the future.
Tnerbeel Champion Author Houston Posts:3,757 Points:778,585 Joined:Mar 2007	Message Posted: Mar 22, 2010 7:57:29 AM Ignore Tnerbeel Report Abuse Extending required maintenance intervals by a factor of three sounds a little scary to me.
biza4u Champion Author New Haven Posts:3,621 Points:659,455 Joined:Jan 2007	Message Posted: Mar 22, 2010 7:57:06 AM Ignore biza4u Report Abuse Will this save the consumer money
Asbury09 Champion Author Iowa Posts:2,392 Points:560,805 Joined:Jan 2009	Message Posted: Mar 22, 2010 7:56:23 AM Ignore Asbury09 Report Abuse just keep it running on a reliable basis
t_flor Champion Author Illinois Posts:1,290 Points:410,105 Joined:Jul 2008	Message Posted: Mar 22, 2010 7:55:15 AM Ignore t_flor Report Abuse A good place for investments.
FuelOilOH Champion Author Cleveland Posts:1,115 Points:574,595 Joined:Oct 2007	Message Posted: Mar 22, 2010 7:54:51 AM Ignore FuelOilOH Report Abuse 2011? Just in time for the alternative fuel (or energy) vehicles in 2012 & 13. We'll still need gas but I hope not as much.
bar1035 Champion Author North Carolina Posts:2,409 Points:459,550 Joined:Aug 2006	Message Posted: Mar 22, 2010 7:54:20 AM Ignore bar1035 Report Abuse Better reliability is a good thing. Now if they could make it hurricane proof so it wouldn't have to shut down every time a ....
Beau2140 Champion Author New York Posts:3,360 Points:681,535 Joined:Oct 2008	Message Posted: Mar 22, 2010 7:53:20 AM Ignore Beau2140 Report Abuse This should make it cost less to make more money.
FuelBarge Champion Author Long Island Posts:4,164 Points:1,099,990 Joined:Aug 2005	Message Posted: Mar 22, 2010 7:49:09 AM Ignore FuelBarge Report Abuse More capacity yet many of them cut back in order to force prices up.
mk9999 Champion Author Rochester Posts:2,977 Points:696,220 Joined:Aug 2008	Message Posted: Mar 22, 2010 7:48:50 AM Ignore mk9999 Report Abuse We need more refineries.
Cruiser340 Champion Author Grand Rapids Posts:7,541 Points:1,818,010 Joined:May 2004	Message Posted: Mar 22, 2010 7:48:02 AM Ignore Cruiser340 Report Abuse was their not a refinery not too long ago that shut half their plant down due to excess gas in their holding tanks?
arinkrat17 Champion Author Twin Cities Posts:1,497 Points:365,540 Joined:Aug 2009	Message Posted: Mar 22, 2010 7:47:31 AM Ignore arinkrat17 Report Abuse the u.s.a should build more refinery's
Masercal Champion Author Michigan Posts:3,610 Points:780,740 Joined:Oct 2007	Message Posted: Mar 22, 2010 7:46:40 AM Ignore Masercal Report Abuse Increasing capacity is great if it is going to be used. Right now, most refineries are using no where near there capacities.
ILVET Champion Author Illinois Posts:9,905 Points:1,964,620 Joined:Jan 2005	Message Posted: Mar 22, 2010 7:43:01 AM Ignore ILVET Report Abuse If Im not mistaken they are running at reduced capacity are they not?
Valricoslash Champion Author Tampa Posts:1,783 Points:395,320 Joined:Nov 2008	Message Posted: Mar 22, 2010 7:38:56 AM Ignore Valricoslash Report Abuse That is great. But if prices are not what they want, they wil stil shut it down to reduce the supply as needed to keep prices up.