Distillates partly offset gas for Valero

摘要

Distillates margins and sour crude discounts remain wide in the fourth quarter as the first of two major Valero hydrocracker projects comes on line in December, chief executive Bill Klesse said. Valero will begin operating a new hydrocracker at its 325,000 b/d Port Arthur, Texas, refinery in December, and a second hydrocracker at its 250,000 b/d Norco, Louisiana, refinery will start up in the second quarter of 2013, the company said.