By ALISON SIDER
Valero Energy CEO Bill Klesse said work on a diesel-making
unit at the company's St. Charles refinery in Norco, La., is
now likely to be completed in early 2013, rather than later
this year as the company had previously estimated.
But the hydrocracker is still on track to be fully
operational in the second quarter of 2013, he said, though
Hurricane Isaac has delayed work at the 205,000 bpd refinery.
Similar work on the hydrocracker at Valeros 290,000
bpd refinery in Port Arthur, Texas, is
still expected to be operational during the fourth quarter of
We did have a hurricane at St. Charles that shut down
the project, Mr. Klesse said.
So we have lost a couple of months on this project there. But they are getting
done and coming together.
Bill Day, a spokesman for the company, said the hurricane
might delay the St. Charles refinery unit's operation by a week
or so, but its pretty much the same time
frame, as what was discussed during the company's
second-quarter earnings conference call.
Valero began restarting its St. Charles refinery, as well as
its 125,000 bpd refinery in Meraux, La., over the
weekend after shutting them down as a precautionary measure
before the storm.
Dow Jones Newswires