Recent refining industry news
Shell to turn refinery in to storage
Shell Canada has announced that its Montreal East refinery will be converted into a storage terminal. The 130 000 bpd refinery will become a storage facility for gasoline, diesel and aviation fuels. At the moment the refinery is running as normal, but once shutdown is complete, the conversion should take about a year.
The refinery is closing as part of Royal Dutch Shell’s strategic review. The costs of upgrading and modernising such a small facility is too great in the current economic climate. Once the storage facility is open, the products will be marketed by Shell Canada’s distribution operation near Montreal.
Ibn Majid State Company win furnace contract
Ibn Majid State Company, Iraq have begun manufacturing a furnace for crude oil refining at the Diwaniya refinery owned by South Refineries Company. The contract is worth approximately US$ 5 million. The furnace will be set up as a mobile unit with a processing capacity of 10 000 bpd.
Ibn Majid has also won a US$ 2.2 million contract to coat the furnace and a contract to manufacture and install three reservoirs for South Refineries Company.
Valero to sell Caribbean refinery
US based Valero Energy Corp. is in talks with PetroChina over the sale of the Valero Aruba refinery. This 235 000 bpd facility provides one third of Aruba’s gross domestic product and has been on the market for over a year after operations were shut down.
Read the article online at: https://www.hydrocarbonengineering.com/gas-processing/11012010/recent_refining_industry_news/
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