Even in Summer, U.S. Refiners Keep Tabs on Maintenance

Even in Summer, U.S. Refiners Keep Tabs on Maintenance

June 5, 2024--Researched by Industrial Info Resources (Sugar Land, Texas)--The U.S. Petroleum Refining Industry is bracing for a very busy summer. According to a survey of analysts by Reuters, domestic refineries expect to use more than 90% of their combined processing capacity for the rest of the second quarter after completing planned turnarounds started earlier in the year, with some production already ramping up in May. Still, the industry has more than a few turnarounds scheduled to begin in the third quarter.

Industrial Info is tracking about $640 million worth of maintenance-related projects in the U.S. Petroleum Refining Industry that are set to kick off from July through September, more than 40% of which is in Texas and Louisiana. One refinery accounts for about 25% of the projected third-quarter investment in industry turnarounds: PBF Energy Incorporated's (NYSE:PBF) Chalmette Refinery in Chalmette, Louisiana, which has $156 million spread across a series of projects.

Other companies featured: Marathon Petroleum Corporation (NYSE:MPC) and Phillips 66 (NYSE:PSX).

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