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Valero Memphis refinery raises production as demand improves

May 21/2020

MOSCOW (MRC) -- Valero's 180K bbl/day Memphis, Tenn., refinery along the Mississippi River is operating at 60%-65% of capacity after gradual rate increases in recent weeks, reproted Seeking Alpha with reference to Bloomberg.

Rates at the Memphis refinery were reduced as low as 50% last month as demand slumped in the wake of the spread of the coronavirus.

The Memphis refinery reportedly is at least the second Valero U.S. site whose rates have been increased, as the 195K bbl/day Valero McKee refinery in west Texas was running at 77% of normal as of May 8 after cuts had reduced rates by a third.

As MRC wrote previously, two workers at Valero's Port Arthur refinery were tested positive for the coronavirus in early April 2020. Valero, the second largest refinery company in the United States, cut nonessential work and related contractors in the first week of April after initiating temperature checks last week - much later than than its peers in the industry.

Besides, in late March 2020, an employee at Valero Energy Corps Meraux, Louisiana, refinery was tested positive for the coronavirus.

We also remind that Valero Energy Corp restarted the small CDU at its Port Arthur refinery after repairing a valve on 25 September 2019. And in late October 2019, Valero Energy Corp shut the small crude distillation unit (CDU) at its Port Arthur refinery. The 75,000-bpd AVU 147 CDU was shut to repair a heat exchanger.

Ethylene and propylene are feedstocks for producing polyethylene (PE) and polypropylene (PP).

According to MRC's ScanPlast report, Russia's estimated PE consumption totalled 557,060 tonnes in the first three month of 2020, up by 7% year on year. High density polyethylene (HDPE) and linear low density polyethylene (LLDPE) shipments rose because of the increased capacity utilisation at ZapSibNeftekhim. Demand for LDPE subsided. At the same time, PP shipments to the Russian market was 267,630 tonnes in January-March 2020, down 20% year on year. Homopolymer PP and PP block copolymers accounted for the main decrease in imports.
Author:Margaret Volkova
Tags:PP, PE, LLDPE, crude and gaz condensate, PP block copolymer, homopolymer PP, propylene, LDPE, HDPE, ethylene, petrochemistry, Valero, Rossiya, USA.
Category:General News
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