Valero Plans to Expand Crude Unit Capacity at the Valero McKee Refinery

abarrelfull wrote on 17 Mar 2011 08:27
Tags: refinery usa valero

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Valero Energy Corporation (NYSE: VLO) today announced plans to expand the crude unit capacity of its McKee refinery by 25,000 barrels per day. The refinery will process West Texas Intermediate crude oil from Midland to feed the increased charge rate. The expansion project, which will take place over the next three years, will increase the amount of crude oil available to be processed at the McKee refinery to 195,000 bpd.

The expansion plans follow the previously announced Panhandle crude gathering system expansion project, which is nearing completion. That project involves looping an existing pipeline from Valero’s storage facility in Perryton, Texas, as well as building additional pump stations and storage facilities to bring more locally produced crude to the McKee refinery.

“These expansion plans will enable Valero to capitalize on the production of West Texas and locally produced crudes,” said Joe Gorder, Valero’s Executive Vice President and Chief Commercial Officer. “The McKee refinery will have more flexibility and more options, and that benefits Valero as well as the surrounding area.”

About Valero:
Valero Energy Corporation is an international manufacturer and marketer of transportation fuels, other petrochemical products and power. Its assets include 14 petroleum refineries with a combined throughput capacity of approximately 2.6 million barrels per day, 10 ethanol plants with a combined production capacity of 1.1 billion gallons per year, and a 50-megawatt wind farm. Valero is also one of the largest retail operators with approximately 5,800 retail and branded wholesale outlets in the United States, Canada and the Caribbean under the Valero, Diamond Shamrock, Shamrock, Ultramar and Beacon brands. Based in San Antonio, Valero is a Fortune 500 company with approximately 20,000 employees. Please visit www.valero.com for more information.

• Valero Plans to Expand Crude Unit Capacity at the Valero McKee Refinery

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