Tesoro to cease refining in Hawaii

Tesoro Corp. will halt refining at its 93,700-b/cd Kapolei refinery in Hawaii after a year-long effort to sell the facility proved unsuccessful (OGJ Online, Jan. 11, 2012).

The company will convert Kapolei refinery to an import, storage, and distribution terminal and continue trying to sell it.

It expects to realize $300-350 million in cash by the end of 2013 from reduced working capital related to the conversion.

Tesoro bought the refinery, about 20 miles west of Honolulu, in 1998 from BHP Petroleum Americas Refining Inc.

In its announcement of the attempt to sell the refinery last year, the company said it wanted to concentrate on the US Midcontinent and West Coast (OGJ Online, Jan. 22, 2012).

Tesoro operates six other refineries.

Hawaii’s only other refinery also is at Kapolei, operated by Chevron Corp. with crude capacity of 54,000 b/cd.

Related Articles

WINTER HITS U.S. INDUSTRY, STRAINS GAS SUPPLY

01/01/1990 A record breaking cold front before and during the weekend of Dec. 23 shut down several major refineries and petrochemical plants in the U.S. Gulf ...

INTERNATIONAL BRIEFS

01/01/1990 WESTCOAST ENERGY INC., Vancouver, B.C., agreed to buy the utilities and propane business of Inter-City Gas Corp. (ICG), Winnipeg, Man., for $720 mi...

EXPLOSION, FIRE RIP BATON ROUGE TANK FARM

01/01/1990 A Dec. 24 explosion and fire at the tank farm of Exxon Co. U.S.A.'s 455,000 b/d Baton Rouge refinery killed two persons but did not severely da...

REFINERS FOCUS ON MODERN MAINTENANCE TECHNIQUES

01/01/1990 Effective maintenance techniques and modern maintenance technology are critical elements of the safe and efficient operation of refineries and petr...

Careers at TOTAL

Careers at TOTAL - Videos

More than 600 job openings are now online, watch videos and learn more!

 

Click Here to Watch

Other Oil & Gas Industry Jobs

Search More Job Listings >>
Stay Connected