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Interesting Article About Limetree Bay Refining  

 

vicanuck
(@vicanuck)
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October 16, 2020 4:13 pm  

I saw this little item on my Reuters feed this afternoon.

https://www.reuters.com/article/usa-refinery-limetree-bay-startup/exclusive-bp-may-cut-oil-supply-to-caribbean-refinery-if-it-stays-idle-sources-idUKL1N2H503Q

I thought I'd share and see what discussion follows.


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rewired
(@rewired)
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Posts: 76
October 16, 2020 6:39 pm  

I don't know if the 500k barrels/day was full capacity when Hovensa was running it, but it looks like their target of 210k barrels/day would be 42% of capacity if it was.

It sounds like they need to get into overdrive on their crude unit if they're going to keep the commitment from BP.

Conceptually, they can make the target with only half of the equipment running, but they have to have half of each process step up and running...and keep it running while they bring the other units online so they can take those down for maintenance as needed.

I sincerely hope they can make it happen - losing a commitment that size could cripple them financially and have a significant negative impact on the Island's economy.


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stcmike
(@stcmike)
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October 18, 2020 4:59 pm  

If BP pulls out the deal this would be devasting to the island. Unemployment will rise, more than likely crime will go up and real estate values will decrease.


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CruzanIron
(@cruzaniron)
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October 19, 2020 8:01 am  
Posted by: @stcmike

If BP pulls out the deal this would be devasting to the island. Unemployment will rise, more than likely crime will go up and real estate values will decrease.

How soon people seem to have forgotten what happened in 2012...


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daveb722
(@daveb722)
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October 19, 2020 9:07 am  

I was talking to one of the worker's this weekend (he unloads the oil from the tankers) and is separate from the refinery piece, but it was his understanding they were refining oil, but not to that capacity as of yet.  He stated due to the aging of the equipment, they continue to find issues with it, but supposedly have started.  For whatever reason he wasn't 100% sure as they are two separate entities according to him but he heard they were doing about 90k right now.  He is a friend of some people I know and couldn't be sure if this was true but this is what he is hearing.  Just thought I throw out some info that may or may not be correct. LOL


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