BONNER & MOORE SEES GAIN IN U.S. DELAYED COKING CAPACITY

U.S. refiners will have to add 230,000-310,000 b/d of delayed coking capacity by 2010 to process expected increases in domestic heavy oil production. In the next 20 years, U.S. refiners may spend as much as $7 billion, including $3 billion to add conversion capacity and $1 billion to maintain existing distillation capacity. The remaining $3 billion will be spent to comply with the 1990 Clean Air Act amendments.