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Released December 28, 2022 | SUGAR LAND
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Researched by Industrial Info Resources (Sugar Land, Texas)--Refineries across the U.S. are soldiering on amid last week's blast of brutal winter weather. Oil futures briefly rallied to three-week highs amid a spate of temporary shutdowns and reduced run rates, but long-term projects and routine maintenance schedules seem largely unaffected. Industrial Info is tracking more than 50 maintenance-related projects at refineries across the U.S. that are set to kick off from January through March, led by top-tier companies such as Phillips 66 (NYSE:PSX) (Houston, Texas) and Valero Energy Corporation (NYSE:VLO) (San Antonio, Texas).
Click on the image at right for a graph detailing first-quarter refinery maintenance projects across the U.S., by plant owner.
Winter Storm Elliott forced major refineries as far south as the Texas Gulf Coast to take units offline, although the impact seems far less damaging than the winter storm of February 2021. Companies such as Phillips 66 and Motiva Enterprises LLC (Houston) were forced to reduce rates at some of their Texas refineries, while LyondellBasell Industries NV (NYSE:LYB) (Rotterdam, Netherlands) and Exxon Mobil Corporation (NYSE:XOM) (Irving, Texas) temporarily shut down entire units. For more information, see December 22, 2022, article - Refiners Largely Continue Operations Amid Winter Storm, and December 23, 2022, article - Winter Storm Slams U.S. Refineries.
"There is somewhat of an impact on prices, but I suspect it's going to be pretty short-lived," said Debnil Chowdhury, S&P Global Commodity Insights' head of fuel and refining in the Americas, in an interview with the Houston Chronicle.
Phillips 66 accounts for 13 of the 53 scheduled maintenance projects for first-quarter 2023, more than any other company, totaling more than $250 million of investment value. Six of these projects are at its Wood River Refinery in Roxana, Illinois, including a 55,000-barrel-per-day (BBL/d) gasoline hydrotreater and a 53,000-BBL/d kerosene hydrotreater. The turnarounds are expected to begin in March and wrap up toward mid-April. Subscribers to Industrial Info's Global Market Intelligence (GMI) Petroleum Refining Project Database can read detailed reports on the gasoline and kerosene hydrotreater projects, and click here for a full list of first-quarter kickoffs from Phillips 66.
Valero accounts for 10 of the scheduled maintenance projects, totaling nearly $125 million of investment value. Three of these projects are at its Houston Refinery, including a 90,000-BBL/d crude unit and a 39,000-BBL/d vacuum unit. These turnarounds are expected to begin in January and wrap up in mid-to-late February. Subscribers can read detailed reports on the crude and vacuum units, and click here for a full list of first-quarter kickoffs from Valero.
ExxonMobil is preparing for a series of turnarounds at its refinery in Beaumont, Texas, including the 16,000-BBL/d sulfuric alkylation unit. Along with two other projects, it is expected to begin in January and wrap up in early February. Subscribers can learn more in a detailed project report, and click here for a full list of first-quarter kickoffs from ExxonMobil.
A single project from Flint Hills Resources LLC, which is a subsidiary of Koch Industries Incorporated (Wichita, Kansas), accounts for about $55 million of the projected spending: a multi-unit turnaround at the Pine Bend Refinery in Inver Grove Heights, Minnesota. The project involves major inspection and any necessary repairs to a 50,000-BBL/d crude unit, a polymerization unit and a 25,000-BBL/d gas-oil hydrotreater, as well as upgrades on a pair of delayed coker units. Subscribers can learn more details from Industrial Info's project report.
Subscribers to Industrial Info's GMI Project Database can click here for a full list of detailed reports for projects mentioned in this article, and click here for a full list of related plant profiles.
Subscribers can click here for a full list of reports for maintenance-related projects at refineries across the U.S. that are set to kick off from January through March.
Industrial Info Resources (IIR) is the leading provider of industrial market intelligence. Since 1983, IIR has provided comprehensive research, news and analysis on the industrial process, manufacturing and energy related industries. IIR's Global Market Intelligence (GMI) platform helps companies identify and pursue trends across multiple markets with access to real, qualified and validated plant and project opportunities. Across the world, IIR is tracking more than 200,000 current and future projects worth $17.8 trillion (USD).
Click on the image at right for a graph detailing first-quarter refinery maintenance projects across the U.S., by plant owner.Winter Storm Elliott forced major refineries as far south as the Texas Gulf Coast to take units offline, although the impact seems far less damaging than the winter storm of February 2021. Companies such as Phillips 66 and Motiva Enterprises LLC (Houston) were forced to reduce rates at some of their Texas refineries, while LyondellBasell Industries NV (NYSE:LYB) (Rotterdam, Netherlands) and Exxon Mobil Corporation (NYSE:XOM) (Irving, Texas) temporarily shut down entire units. For more information, see December 22, 2022, article - Refiners Largely Continue Operations Amid Winter Storm, and December 23, 2022, article - Winter Storm Slams U.S. Refineries.
"There is somewhat of an impact on prices, but I suspect it's going to be pretty short-lived," said Debnil Chowdhury, S&P Global Commodity Insights' head of fuel and refining in the Americas, in an interview with the Houston Chronicle.
Phillips 66 accounts for 13 of the 53 scheduled maintenance projects for first-quarter 2023, more than any other company, totaling more than $250 million of investment value. Six of these projects are at its Wood River Refinery in Roxana, Illinois, including a 55,000-barrel-per-day (BBL/d) gasoline hydrotreater and a 53,000-BBL/d kerosene hydrotreater. The turnarounds are expected to begin in March and wrap up toward mid-April. Subscribers to Industrial Info's Global Market Intelligence (GMI) Petroleum Refining Project Database can read detailed reports on the gasoline and kerosene hydrotreater projects, and click here for a full list of first-quarter kickoffs from Phillips 66.
Valero accounts for 10 of the scheduled maintenance projects, totaling nearly $125 million of investment value. Three of these projects are at its Houston Refinery, including a 90,000-BBL/d crude unit and a 39,000-BBL/d vacuum unit. These turnarounds are expected to begin in January and wrap up in mid-to-late February. Subscribers can read detailed reports on the crude and vacuum units, and click here for a full list of first-quarter kickoffs from Valero.
ExxonMobil is preparing for a series of turnarounds at its refinery in Beaumont, Texas, including the 16,000-BBL/d sulfuric alkylation unit. Along with two other projects, it is expected to begin in January and wrap up in early February. Subscribers can learn more in a detailed project report, and click here for a full list of first-quarter kickoffs from ExxonMobil.
A single project from Flint Hills Resources LLC, which is a subsidiary of Koch Industries Incorporated (Wichita, Kansas), accounts for about $55 million of the projected spending: a multi-unit turnaround at the Pine Bend Refinery in Inver Grove Heights, Minnesota. The project involves major inspection and any necessary repairs to a 50,000-BBL/d crude unit, a polymerization unit and a 25,000-BBL/d gas-oil hydrotreater, as well as upgrades on a pair of delayed coker units. Subscribers can learn more details from Industrial Info's project report.
Subscribers to Industrial Info's GMI Project Database can click here for a full list of detailed reports for projects mentioned in this article, and click here for a full list of related plant profiles.
Subscribers can click here for a full list of reports for maintenance-related projects at refineries across the U.S. that are set to kick off from January through March.
Industrial Info Resources (IIR) is the leading provider of industrial market intelligence. Since 1983, IIR has provided comprehensive research, news and analysis on the industrial process, manufacturing and energy related industries. IIR's Global Market Intelligence (GMI) platform helps companies identify and pursue trends across multiple markets with access to real, qualified and validated plant and project opportunities. Across the world, IIR is tracking more than 200,000 current and future projects worth $17.8 trillion (USD).
