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MOSCOW (MRC) -- Valero
Energy appoints current Executive VP and General Counsel Jason Fraser as
its new Executive VP and CFO, effective July 15, according to Seeking Alpha.
Fraser will succeed
Donna Titzman, who will retire after serving as CFO since 2018; she joined the
company in 1986.
Fraser joined Valero in 1999 and has been General
Counsel since January 2019.
As MRC reported
earlier, Valero Energy Corp’s Memphis, Tennessee, crude oil refinery is
operating at two-thirds of its 180,000 barrel-per-day (bpd) capacity because of
low demand in the COVID-19 pandemic. The Memphis refinery cut production by
as much as 50% in early April and has been raising production gradually since
then.
Ethylene and propylene are feedstocks for producing polyethylene
(PE) and polypropylene (PP).
According to MRC's ScanPlast report,
Russia's estimated PE consumption totalled 721,290 tonnes in the first four
month of 2020, up by 4% year on year. Low density polyethylene (LDPE) and linear
low density polyethylene (LLDPE) shipments grew partially because of the
increased capacity utilisation at ZapSibNeftekhim. At the same time, PP
shipments to the Russian market totalled 347,440 tonnes in January-April 2020
(calculated by the formula production minus export plus import). Supply
exclusively of PP random copolymer increased. |
