Archive for February 2022

Recently, it was reported that PBF Energy is considering restarting some secondary units at is partially-idled refinery in Paulsboro, New Jersey. When explaining this possibility, CEO Tom Nimbley diagnosed the situation as constipation: . . as we started to see demand recovery and growing up our utilization, particularly in Delaware to take advantage of the…

Some news from recent refining earnings reports: Cenovus (CVE) reports low refining profitability Cenovus attributed low 4th quarter refining profits to a major turnaround at its Lima, Ohio, refinery and to post-turnaround challenges with secondary processing units: “In the US manufacturing segment, refinery utilization averaged 72% in the quarter. This reflects the impacts of a…