UPDATE 1-Valero's St. Charles FCC reaches planned rates

Fri Jan 9, 2009 2:59am IST

Related Topics

Stocks

   

(Adds details, quotes, background)

NEW YORK Jan 8 (Reuters) - Valero Energy Corp (VLO.N) said on Thursday that a 100,000 barrel-per-day fluid catalytic cracker at its refinery in St. Charles, Louisiana, had reached planned rates after its restart this week.

"It's at planned rates," Bill Day, a spokesman for the largest U.S. refiner, said in an email, without specifying what the planned rates were.

The gasoline-making unit at St. Charles was shut in mid-December for repairs and was restarted early Tuesday.

A small 20,000 bpd FCC at the Valero refinery east plant in Corpus Christi, Texas, remained down due to economic reasons, Day said. The unit was brought down early last month.

Last week, he said FCC units at seven other Valero refineries continued to run at lower rates due to weak profit margins from producing motor fuel.

"We haven't provided an update on FCC run rates and probably won't until our earnings conference call at the end of the month," Day added in his email on Thursday.

Gasoline margins have recovered from deep declines, with the February RBOB gasoline crack spread RB-CL1=R at about $4 on Thursday afternoon. (Reporting by Haitham Haddadin; Editing by Walter Bagley)

FILED UNDER:
Comments (0)
This discussion is now closed. We welcome comments on our articles for a limited period after their publication.

  • Most Popular
  • Most Shared

Market Eye

REUTERS SHOWCASE

Climate Change

Climate Change

Climate change to cut South Asia's growth 9 percent by 2100 - ADB.  Full Article 

Ballmer Exits

Ballmer Exits

Ex-CEO Ballmer quits Microsoft board to focus on NBA's Clippers  Full Article 

Bribery Investigation

Bribery Investigation

Owed $6 billion, banks sharpen scrutiny of steelmaker Bhushan  Full Article 

Deal Talk

Deal Talk

JSW to buy Welspun Maxsteel for enterprise value of $165 million.  Full Article 

Needless Spending

Needless Spending

Exclusive - Icahn says Family Dollar wasting over $300 mln in breakup fees .  Full Article 

Luring Customers

Luring Customers

With cigars and crystal, Volvo makes eyes at Chinese rich.  Full Article 

Reuters India Mobile

Reuters India Mobile

Get the latest news on the go. Visit Reuters India on your mobile device.  Full Coverage