Category: Refining

Phillips 66 profits jump on better refining margins

Phillips 66, which spun off from ConocoPhillips in April, reported a 14 percent jump in second quarter profits.  More »

Valero may split off retail operations

Valero Energy may split its retail business from the rest of the company. It is reviewing several ways to separate its retail operations, including a distribution to shareholders, the company said.  More »

Oil lobby group challenges renewable fuel mandate

The American Petroleum Institute filed a lawsuit Tuesday claiming that the government is requiring refiners and gasoline importers to purchase renewable fuels that don’t exist.  More »

Refinery safety still falls short, regulators say

Safety at chemical plants and refineries has not improved despite scores of fatalities over the last decade and won’t until companies develop better systems for identifying red flags that point to potential disaster, panelists said at a hearing in Houston on Monday.  More »

Hearing raises concerns about refinery safety monitoring, transparency

Companies must do more to protect workers from disasters like the explosions aboard the Deepwater Horizon drilling rig and BP’s Texas City refinery, according to testimony before an independent board conducting hearings in Houston.  More »

Follow the Chemical Safety Board live

Fuel Fix reporter Zain Shauk will be tweeting live from the Chemical Safety Board’s conference on refining.  More »

Damaged Motiva refinery unit to reopen in 2013

The brand-new crude distillation was shut down in June after it suffered severe damage from a chemical leak.  More »

Marathon Petroleum pipelines unit files IPO

MPLX LP, the pipelines and storage subsidiary of Marathon Petroleum Corporation, has filed plans to list its common units on the New York Stock Exchange, worth an expected $365 million, according to SEC documents.  More »

Carlyle, Sunoco agree to joint venture for refinery

Sunoco Inc. (SUN) and Carlyle Group agreed to form a joint venture to keep the oldest continually operating refinery on the U.S. East Coast open.  More »

Deal reached on tax breaks for Pa. refinery

Top state Republican lawmakers have reached an agreement on a package of tax breaks that Gov. Tom Corbett has sought in hopes of encouraging the construction of a multibillion-dollar petrochemical refinery and an associated chemical manufacturing industry in Pennsylvania, lawmakers and legislative aides said.  More »

Study outlines options for shuttered Pa. refinery

A study commissioned by a suburban Philadelphia county has identified a number of possible futures for a shuttered refinery, many of them linked to the growing supply of natural gas due to the Marcellus Shale drilling boom.  More »

Tax experts question credits for Pa. Shell plant

Gov. Tom Corbett and union leaders want lawmakers to approve a $1.7 billion tax credit to lure a new petrochemical plant to western Pennsylvania, but some tax experts say that would run counter to sensible tax practices and would be unfair to other businesses.  More »

DC Circuit Rejects All Challenges to PSD greenhouse gas regulation. What Now?

Yesterday the Court of Appeals for the District of Columbia Circuit issues a stinging rebuke to state and industry challengers’ petition to prohibit the EPA from regulating greenhouse gases under the Clean Air Act, and extending that regulation to prevention of significant detioration for major stationary sources. The unanimous decision stated that the EPA’s endangerment […]  More »

New Motiva crude unit faces months-long repair

Weeks after a ceremony marking a $10 billion expansion, Motiva has shut down a major new unit of its Port Arthur refinery and authorities are investigating a chemical leak and small fires that have tarnished the project’s startup.  More »

Damage from caustic leak at new Motiva plant may cost millions to fix

A major component of the $10 billion Motiva refinery expansion project in Port Arthur will shut down for several months because of caustic corrosion, a Shell spokeswoman says.  More »
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