By OGJ editors
HOUSTON, June 2 -- Suncor Energy Inc., Calgary, plans to acquire a 28,000 b/cd refinery from Valero Energy Corp. and integrate the facility with its adjacent 60,000 b/cd refinery in Commerce City, Colo.
Suncor Energy (USA) agreed to buy Colorado Refining, an indirect wholly owned Valero subsidiary for $30 million plus working capital and associated oil and
product inventory.
Colorado Refining's principal assets are the Commerce City refinery and a Grand Junction, Colo., products terminal. The purchase is not subject to regulatory approval, Suncor said.
The company, which operates an oil sands facility in northern Alberta, said the transaction wouldn't affect crude suppliers providing feedstock to the Valero refinery.
