TSX:CVE - Post Discussion
Post by
ztransforms173 on Apr 29, 2024 11:46am
A BIG 264K Bbls/d Refinery COMPETITOR SWITCHING USE In 2025
Lyondell Houston refinery to run at 95pc in 2Q
- Market: Biofuels, Crude oil, LPG, Oil products, Petrochemicals
- 26/04/24
LyondellBasell plans to run its 264,000 b/d Houston, Texas, refinery at average utilization rates of 95pc in the second quarter and may convert its hydrotreaters to petrochemical production when the plant shuts down in early 2025.
The company's sole crude refinery ran at an average 79pc utilization rate in the first quarter due to planned maintenance on a coking unit, the company said in earnings released today.
"We are evaluating options for the potential reuse of the hydrotreaters at our Houston refinery to purify recycled and renewable cracker feedstocks," chief executive Peter Vanacker said on a conference call today discussing earnings.
Lyondell said last year a conversion would feed the company's two 930,000 metric tonnes (t)/yr steam crackers at its Channelview petrochemicals complex. The company today said it plans to make a final investment decision on the conversion in 2025.
Hydrotreater conversions — such as one Chevron completed last year at its 269,000 b/d El Segundo, California, refinery — allow the unit to produce renewable diesel, which creates renewable naphtha as a byproduct.
Renewable naphtha can be used as a gasoline blending component, steam cracker feed or feed for hydrogen producing units, according to engineering firm Topsoe.
Lyondell last year said the Houston refinery will continue to run until early 2025, delaying a previously announced plan to stop crude processing by the end of 2023.
By Nathan Risser
https://www.argusmedia.com/en/news-and-insights/latest-market-news/2562882-lyondell-houston-refinery-to-run-at-95pc-in-2q
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- I BELIEVE that CVE is MAKING the RIGHT MOVES to FORTIFY and SCALE UP the US REFINERY BUSINESS SEGMENT
z173
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