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Citgo group owes USD143M for Philadelphia oil spil

April 03/2020

MOSCOW (MRC) -- The US Supreme Court on Monday found a Citgo partnership liable for USD143 million in cleanup costs from a 2004 oil spill in the Delaware River, which was caused when an abandoned anchor pierced the single hull of the Athos I oil tanker on its final approach to a Philadelphia-area refinery, reported Reuters.

Resolving a split in the federal circuits, the 7-2 court held that the "safe-berth" clause in Citgo Asphalt Refining Company (CARCO)s contract with the shipping firms agent amounted to a warranty that the boat would be able to reach the refinery dock safely.

As informed before, in May 2019, Citgo restarted larger reformer at its US Corpus Christi 52,000 bbl/day refinery with capacity 225,000 benzene; 180,000 toluene tonnes/year.

Benzene is a feedstock for the production of styrene monomer (SM), which, in its turn, is a feedstock for manufacturing polystyrene (PS).

According to MRC's ScanPlast report, overall estimated consumption of PS and styrene plastics rose in February 2020 by 14% year on year to 39,890 tonnes. The estimated consumption totalled 80,570 tonnes in the first two months of 2020, which corresponded to the last year's figure.


mrcplast.com
Author:Margaret Volkova
Tags:PS, benzene, crude and gaz condensate, styrene, petrochemistry, Citgo petroleum corporation, Russia, USA.
Category:General News
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