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MOSCOW (MRC) -- Independent US refiner
HollyFrontier plans for its five refineries to run up to 81% of their combined
throughput of 457,000 bpd in the third quarter of 2020, reported Reuters with reference to Timothy Go,
executive vice president and chief operating officer.
The refineries’
combined crude oil throughput will range between 340,000 and 370,000 bpd in the
third quarter, Go said on a conference call with Wall Street analysts to discuss
the company’s second-quarter results.
As MRC informed
earlier, CVR Refining and HollyFrontier Corp have cut their workforce
in late June, as demand falls due to the ongoing coronavirus
pandemic. Thus, CVR Refining laid off approximately 50 salaried employees
and HollyFrontier cut at least 12 jobsd. HollyFrontier previously said it
would lay off about 130 workers at its Cheyenne, Wyoming, refinery as it
converts to a renewable diesel facility.
We remind that 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 DataScope report,
PE imports to Russia dropped in January-June 2020 by 7% year on year to 328,000
tonnes. High density polyethylene (HDPE) accounted for the main decrease in
imports. At the same time, PP imports into Russia rose in the first six months
of 2020 by 21% year on year to 105,300 tonnes. Propylene homopolymer
(homopolymer PP) accounted for the main increase in imports. |
