Clark fights weak margins and high crude costs by leveraging capital and costs
Clark Refining & Marketing`s past year included unprofitable quarters and a legal challenge from the Illinois Attorney General that nearly shuttered the company`s Chicago-area refinery. Yet despite those valleys, there were clearly peaks for the independent refiner--notably, a deal to become one of the first hypermarket suppliers in the US and extension and upgrades of its retail network. Based in St. Louis, Clark employs 7,000 people and operates three refineries, two in Illinois with a combined capacity of 130,000 b/d, and one in Texas with a 200,000-b/d capacity. In addition, the company operates 16 product terminals, a crude oil terminal and about 870 gasoline stations throughout the midwestern US. In an exclusive interview with Hart Fuels Group Editor Carol Cole, Melnuk discusses the company`s accomplishments and shortcomings, along with his personal goals for Clark.
- OSTI ID:
- 530458
- Journal Information:
- Fuel Technology amp Management, Vol. 7, Issue 2; Other Information: PBD: Mar 1997
- Country of Publication:
- United States
- Language:
- English
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