Tesoro to cease refining in Hawaii

Tesoro Corp. will halt refining at its 93,700-b/cd Kapolei refinery in Hawaii after a year-long effort to sell the facility proved unsuccessful (OGJ Online, Jan. 11, 2012).

The company will convert Kapolei refinery to an import, storage, and distribution terminal and continue trying to sell it.

It expects to realize $300-350 million in cash by the end of 2013 from reduced working capital related to the conversion.

Tesoro bought the refinery, about 20 miles west of Honolulu, in 1998 from BHP Petroleum Americas Refining Inc.

In its announcement of the attempt to sell the refinery last year, the company said it wanted to concentrate on the US Midcontinent and West Coast (OGJ Online, Jan. 22, 2012).

Tesoro operates six other refineries.

Hawaii’s only other refinery also is at Kapolei, operated by Chevron Corp. with crude capacity of 54,000 b/cd.

Did You Like this Article? Get All the Energy Industry News Delivered to Your Inbox

Subscribe to an email newsletter today at no cost and receive the latest news and information.

 Subscribe Now


Logistics Risk Management in the Transformer Industry

Transformers often are shipped thousands of miles, involving multiple handoffs,and more than a do...

Secrets of Barco UniSee Mount Revealed

Last year Barco introduced UniSee, a revolutionary large-scale visualization platform designed to...

The Time is Right for Optimum Reliability: Capital-Intensive Industries and Asset Performance Management

Imagine a plant that is no longer at risk of a random shutdown. Imagine not worrying about losing...

Going Digital: The New Normal in Oil & Gas

In this whitepaper you will learn how Keystone Engineering, ONGC, and Saipem are using software t...