Lyondell plans to hike heavy crude runs at Houston
Journal Article
·
· Oil and Gas Journal; (United States)
OSTI ID:7112865
Lyondell Petrochemical Co. has outlined a venture that would allow increased runs of heavy crude oil at its 265,000 b/cd Houston refiner. Preliminary plans call for Lyondell, Houston, to ally with subsidiaries of Venezuela's Petroleos de Venezuela SA to upgrade heavy crude processing capabilities of the refiner and obtain supplies of heavy crude feedstock. Lyondell proposes to form a jointly owned company with Pdvsa's Citgo Petroleum Corp. subsidiary to take over ownership of the Houston plant. This paper reports that upgrades would not significantly change the plant's crude capacity but would allow the refiner to process as much as 200,000 b/d of heavy crude feedstock, up from 120,000 b/d at present. Following completion of the upgrade, Citgo could increase its interest to 50% with Lyondell retaining remaining venture interest. Upgrade design and engineering are to begin immediately, with regulatory permitting and construction expected to be complete in 3-4 years.
- OSTI ID:
- 7112865
- Journal Information:
- Oil and Gas Journal; (United States), Journal Name: Oil and Gas Journal; (United States) Vol. 90:29; ISSN 0030-1388; ISSN OIGJA
- Country of Publication:
- United States
- Language:
- English
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