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Orion files Chapter 11, Valero buying refinery Valero Energy Corp., San Antonio, has agreed to acquire privately owned Orion Refining Corp.'s 155,000 b/d refinery in Louisiana for $400 million plus $100 million in working capital.Both the Valero and Orion boards approved the transaction, as did the US Federal Trade Commission. Orion filed for Chapter 11 reorganization in a Delaware bankruptcy court, and the sale requires court approval.The refinery, adjacent to the Mississippi River, is in St. Charles Parish 15 miles west of New Orleans. About 74% of the refinery's product slate is gasoline, distillate, and other light products. In other downstream news:Stone & Webster Inc., a Sh...

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