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New HOVENSA rumor

Posts: 253
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There is a group on island walking down the refinery right now. Started this month.
Evaluation could take up to 6 months.

Articles I've seen say that the plan is to bring in gas turbine power plant via barge as well as building LNG storage to provide gas for power and to run cracker.

Previously refinery was running on sludge oil from V. Have seen proposition that they will import WTI to operate on. Tankage has already been leased out to oil companies that are mixing crude from Venezuela with WTI for export to Asia.

Restart work could take up to 2 years but may be half that. Depends on what condition they find the equipment in.

Its all about margins. Should operate on about 300-350K barrels a day.

The refinery already has several gas turbine generators, has always had them, and has been using them for many years.

Posted : June 13, 2018 11:31 am
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