8793
Fire Shuts Largest Refinery on US East Coast
Energy

Fire Shuts Largest Refinery on US East Coast

The largest refinery on the US East Coast was operating at less than half its capacity late on Saturday because of a fire, a source familiar with the operations said, while plant officials reported the incident as "flaring."
A source familiar with operations at Philadelphia Energy Solutions' 335,000 barrels per day (bpd) refinery said a fire had hit the 200,000-bpd crude distillation unit in the larger Girard Point section of the plant, forcing it to shut.
The incident happened at 3:30 p.m. ET (2030 GMT) on Saturday, a company spokeswoman said, adding there were no reports of injuries. The fire started when a valve blew out on the unit, the source said, CBS Local reported.
A company spokesperson did not confirm a fire, but said the plant had "experienced cascading operational issues that resulted in flaring with heavy smoke."
Flaring is used to release flammable gases when a refinery experiences an upset, but does not typically cause excessive black smoke, which local media reported had been visible for several hours. The fire has been brought under control, but Girard Point could remain shut for "a while," according to the source.
The spokesperson did not comment on the status of operations but said they were working on "trouble shooting the problem to restore to normal operations." The same crude unit caught fire in May 2012, according to a Reuters report.
It was the second serious refinery disruption of the day, following an explosion and fire at a secondary unit of Husky Energy's 155,000 bpd crude oil refinery in Lima, Ohio, that forced it to stop production. While there is no suggestion that the events are related, the two disruptions could trigger gains in U.S. gasoline and diesel prices when markets reopen on Sunday evening, particularly if the Philadelphia plant remains shut for long.
Philadelphia Energy Solutions, owned by a joint venture between the Carlyle Group and Energy Transfer Partners , is a major supplier of fuel on the East Coast and can have a large impact on the New York harbor market, the pricing point for benchmark gasoline and diesel futures.

 

Short URL : http://goo.gl/8euHJs

You can also read ...

China Rejects US Sanctions, Vows to Continue Iran Crude Purchase
As the US and Iran continue to trade barbs over the...
India Vying for US Waiver
India, the second biggest crude customer of Iran, may cut its...
Venezuela Braces for Pricey Gasoline
Gasoline prices in Venezuela will soon catch up with world...
Zanganeh to Attend OPEC, Non-OPEC Committee Meeting
Iran's Oil Minister Bijan Namdar Zanganeh will attend a...
S. Korea Iran Crude Imports Up 15%
South Korea’s imports of Iranian crude rose around 15% in July...
Indonesia Cuts Oil Imports
Indonesia’s PT Pertamina will get an extra 225,000 barrels per...
UK's Quercus Halts Iran Renewable Project
British renewable energy investor Quercus said it will halt...
NPC Not Worried About Exports
The National Petrochemical Company is not concerned about...

Trending

Googleplus