• 4 minutes US-backed coup in Venezuela not so smooth
  • 7 minutes Why Trump will win the wall fight
  • 11 minutes Oil imports by countries
  • 13 minutes Maduro Asks OPEC For Help Against U.S. Sanctions
  • 2 hours Climate Change: A Summer of Storms and Smog Is Coming
  • 18 mins Itt looks like natural gas may be at its lowest price ever.
  • 2 hours Venezuela: Nicolas Maduro closes border with Brazil
  • 50 mins Tension On The Edge: Pakistan Urges U.N. To Intervene Over Kashmir Tension With India
  • 5 hours Teens For Climate: Swedish Student Leader Wins EU Pledge To Spend Billions On Climate
  • 3 hours Amazon’s Exit Could Scare Off Tech Companies From New York
  • 23 hours North Korea's Kim To Travel To Vietnam By Train, Summit At Government Guesthouse
  • 18 hours students walk out of school in protest of climate change
  • 1 day Europe Adds Saudi Arabia to Dirty-Money Blacklist
  • 1 day Some Good News on Climate Change Maybe
  • 1 day America’s Shale Boom Keeps Rolling Even as Wildcatters Save Cash
  • 16 hours Mineral rights owners,

Exxon Could Make Beaumont The Largest Refinery In The U.S.

fuel truck

ExxonMobil is close to issuing a final approval of a major expansion of its Beaumont refinery complex in Texas that could make it the largest crude oil processing plant in the U.S., Reuters reported on Thursday, quoting three sources familiar with Exxon’s plans.

The Beaumont Refinery currently has the capacity to process 365,000 bpd and produces 2.8 billion gallons of gasoline annually. The Beaumont complex also includes a chemicals plant, a polyethylene plant, and a lube plant.

Exxon has estimated the total post-expansion capacity for the Beaumont refinery to be between 700,000 bpd and 850,000 bpd, according to Reuters. This capacity would be higher than the current largest refinery in the U.S., Motiva’s Port Arthur refinery in Texas, which has a crude processing capacity of more than 600,000 bpd and is North America’s biggest refinery.

Exxon has been considering the addition of a third crude distillation unit (CDU) at the Beaumont refinery, but according to one of Reuters’ sources, the U.S. supermajor is still “crunching the numbers” on the capacity of that third unit.

The company is looking to increase its light crude refining operations in North America, but has not made any specific decisions yet, spokeswoman Sarah Nordin told Reuters. “The Beaumont refinery is being considered as part of that evaluation,” Nordin noted.

If approved, the major expansion of the Beaumont refinery would signal that Exxon wants to increasingly take advantage of the second boom in the U.S. shale production.

Last month, the company said that it planned to triple its total daily production in the Permian Basin to more than 600,000 oil-equivalent barrels by 2025. Exxon also plans to invest more than US$2 billion on transportation infrastructure to support its Permian operations.

The higher production will provide low-cost supply and feedstocks to ExxonMobil’s downstream and chemical operations in Baytown, Beaumont, and Mt. Belvieu, Texas, and in Baton Rouge, Louisiana, the oil giant said in January.

By Tsvetana Paraskova for Oilprice.com

More Top Reads From Oilprice.com:



Join the discussion | Back to homepage

Leave a comment

Leave a comment

Oilprice - The No. 1 Source for Oil & Energy News