March 1, 2014 |
The new owners of the former NuStar Asphalt refinery in Paulsboro plan to upgrade the Gloucester County facility to take advantage of the growing cross-country shipments of crude oil by rail. Axeon Specialty Products L.L.C., the new name adopted this week by the San Antonio company that operates the refinery, says it intends to make "new, substantial investments" in its 70,000-barrel-a-day operation in Paulsboro, including new rail unloading facilities. The Paulsboro plant now can receive only a small number of railcars at one time, said Rod Pullen, a senior vice president at Axeon SP. The aim is to add more unloading capacity so that Axeon can order cost-efficient unit trains - 100-car trains that carry a single commodity to a single destination.
February 5, 2014 |
NuStar Energy L.P. has sold the remaining half of its money-losing asphalt business to its joint-venture partner, Lindsay Goldberg L.L.C. The sale includes the former Citgo refinery in Paulsboro. NuStar, based in San Antonio, Texas, acquired the asphalt business from Citgo in 2008, but the business turned sour with the economic collapse and a drop in demand for asphalt, which is used for paving and in roofing material. "It's been a big drag on the bottom-line results of this company," Curtis V. Anastasio, NuStar's then-chief executive, told analysts in November.
January 27, 2014 |
WEST DEPTFORD Demolition crews blew up a 65-year-old refinery building in West Deptford on Saturday, startling South Jersey residents who heard the explosions. Some residents took their curiosity and alarm to social-media sites, seeking answers to "What was that?" Heavy demolition began at 9 a.m., said Jeff Shields, a spokesman for Sunoco, which owns the "fractionator" building. The structures were soon leveled, he said, and the work presented no danger to residents. "You had some blasts that destabilized the structure, and then they collapsed on themselves," he said.
January 26, 2014 |
WEST DEPTFORD A West Deptford oil refinery intertwined with local politics will bid goodbye to one of its main edifices early Saturday. That's when Sunoco Logistics will implode the Eagle Point refinery's 65-year-old "fractionator" - the heaviest refining unit at the site, towering an estimated 200 feet. The "controlled implosion" will last about two minutes and also demolish a tower and chimney, West Deptford officials said. A rusty-looking dome, the fractionator - referred to in the industry as a "cat cracker," and used to convert crude oil into other fuels - was built in 1949, according to Sunoco.
January 23, 2014 |
Delta Air Lines said Tuesday that its Trainer oil refinery in Delaware County would have a "small loss" in the current first quarter, after posting a loss of $46 million in the three months ended Dec. 31 and a $116 million loss for 2013. Delta executives said on a conference call that the 180,000-barrel-a-day refinery, operated by subsidiary Monroe Energy L.L.C., would "see a modest profit" for 2014, said chief financial officer Paul Jacobson. "We expect to see only a modest loss for the Trainer refinery in the March quarter, despite the pull-down of one of the main units for modifications," Jacobson told investors.
January 23, 2014 |
The Monday derailment of a freight train carrying crude oil to the Philadelphia Energy Solutions (PES) refinery has triggered a new round of alarm over petroleum shipments by rail, but has not affected operations at the South Philadelphia refinery. CSX Corp. crews began transferring oil and sand Tuesday from seven cars that derailed on a bridge spanning the Schuylkill in Grays Ferry. The cars were at the end of a 101-car train traveling from Chicago to Philadelphia, carrying crude oil from North Dakota.
January 9, 2014 |
PAULSBORO State and local officials monitoring a malfunction at a petroleum refinery near Paulsboro said no hazardous materials were released with the columns of smoke that rose Tuesday. But authorities said the cold weather could cause a problem. Paulsboro Fire Chief Alfonso G. Giampola said a power outage at the refinery shut down the steam at an ExxonMobil lubrication plant in Paulsboro. "We're concerned about the sprinkler system freezing," Giampola said. Schools were briefly ordered to shelter in place Tuesday afternoon, Giampola said.
December 13, 2013 |
Delta Air Lines, which bought the former ConocoPhillips refinery in Trainer, Delaware County, to secure a steady source of discounted jet fuel, said Wednesday the refinery lost $100,000 in 2013, but is expected to be profitable next year. Although some analysts had expressed skepticism about an airline diversifying into oil refining, a capital-intensive business with low margins, Delta president Edward Bastian told investors Wednesday: "Let me be very clear. Trainer has been a great success for Delta.
December 6, 2013 |
Nothing unusual about the banquet menu lined up for Saturday evening's steelworkers union awards dinner - boneless breast of chicken, linguine Alfredo for the vegetarians. But two honorees at the event at a South Philadelphia union hall will be anything but typical. The United Steelworkers Local 10-1 will honor two high-ranking management executives with "Solidarity and Appreciation Awards. " "It's rare," said Philip Rinaldi, chief executive of Philadelphia Energy Solutions and one of the two management honorees.
October 24, 2013 |
Delta Air Lines said Tuesday its refinery in Trainer, Delaware County, posted a $3 million profit for the three months ended Sept. 30. It was the first quarterly profit since Delta bought the former ConocoPhillips refinery last year to supply itself with jet fuel. "We have a tremendous opportunity with the Trainer refinery," Delta CEO Richard Anderson told investors on a conference call discussing third-quarter financial results. "Importantly, the refinery's production has proven to be effective in keeping jet cracks in check, particularly in the New York harbor.