Houston independent Blue Dolphin Energy Co. bought a 180-day option to acquire an idled refinery in Ingleside, Tex., from a unit of Lazarus Energy Holdings LLC (LEH).
Lazarus Texas Refinery I LLC currently owns the refinery, which has operated intermittently since 1980.
The Ingleside refinery had a capacity of 40,000 b/d when in operation. It has access to the Gulf Intracoastal Waterway at Redfish Bay near Corpus Christi, Tex.
If Blue Dolphin exercises its purchase option, the refinery will require refurbishing and recommissioning, Blue Dolphin said.
Blue Dolphin also owns the Nixon refinery in Nixon, Tex., in Wilson County. The Nixon refinery processes 10,000 b/d of light crude oil from the Eagle Ford Shale play.