Petronor Refinery Closes FCC unit and 2nd CDU

abarrelfull wrote on 09 Jan 2012 08:44
Tags: petronor refinery repsol spain

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Petronor reports that, given the drastic decline in margins in the last three months and the fall in demand that has been occurring throughout the year 2011, it has been forced to adopt a measure so far unprecedented in the history of company and is stopping the FCC unit, which will remain out of service for the entire month of January. Moreover, as occurred between September 2009 and May 2010, the refinery will stop CDU 2, which is to be inactive for at least two months.

Stopping the FCC unit , which is oriented to manufacturing gasoline, is motivated by the low demand for this fuel, both domestically and in the Americas. CDU 2 is stopped because, with the crude oil processed at the refinery and current spreads between crude and fuel oil, there has been a serious weakening of the margins of the crude unit 2 as well as that of Visbreaking, both necessary for the production of fuel oil. This will continue until there is a market recovery scenario that relies Petronor direction is achieved in the short term to return to normal activities of the refinery with all units in service.

• Petronor Refinery Closes FCC unit and 2nd CDU

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