Alkylation

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  1. HollyFrontier, HEP ink dropdown deal for Woods Cross refinery units

    Independent refiner HollyFrontier Corp. , Dallas, has entered an agreement in principle to sell newly built crude, fluid catalytic cracking and polymerization units at its 45,000-b/sd Woods Cross refinery in West Bountiful, Utah, just north of Salt Lake City, to consolidated variable interest entity Holly Energy Partners LP (HEP), also of Dallas (OGJ Online, Sept. 8, 2015). Subject to the execution of definitive agreements and other customary closing conditions, HEP subsidiary Holly Energy Partners Operating LP will purchase the units from HollyFrontier’s wholly owned subsidiary HollyFrontier Woods Cross Refining LLC (HFWCR) for aggregate cash consideration of $275 million, the companies said. As part of the deal’s closing, HEP Operating and HFWCR plan to enter 15-year tolling agreements for each unit containing minimum quarterly throughput commitments from HFWCR, with the subsidiaries’ obligations under those agreements to be guaranteed by HEP and HollyFrontier. In conjunction with the proposed transaction, HEP also has agreed to a private placement with unidentified clients of Tortoise Capital Advisors LLC for about $100 million of common equity. The balance of the purchase price for HFWCR’s assets will be financed by borrowings under existing revolving-credit agreement, HEP said. The proposed transaction, which HollyFrontier said it expects will be immediately accretive to unitholders, is scheduled to close on or about Oct. 1. HEP’s acquisition of the processing assets comes as part of an ongoing collaborative effort with HollyFrontier to grow business by leveraging HollyFrontier’s refining footprint and commercial commitments alongside HEP’s logistic capabilities. Woods Cross expansion Designed to increase the refinery’s processing capacity by 14,000 b/sd to its current capacity of 45,000 b/sd capacity, Phase 1 of the Woods Cross expansion was commissioned in June, HollyFrontier said on Aug. 3 in its second-quarter earnings call. Alongside the relocation-revamp of an 8,000-b/sd fluid catalytic cracker (FCC) and polymerization units from Western Refining Inc.’s shuttered refinery in Bloomfield, NM ( OGJ Online, Jan. 4, 2012 ), the $420-430 million project was to include the addition of a rail-loading rack for intermediates and finished products associated with refining waxy crude oil. With the crude expansion and installation of the site’s second FCC now completed, the refinery is equipped with the following capacities: • Crude distillation: 45,000 b/sd. • FCC: 18,000 b/sd. • Alkylation-polymerization: 6,000 b/sd. • Gas oil hydrocracking: 15,000 b/sd. • Distillate hydrotreating: 10,000 b/sd. While the expanded crude unit was designed to run primarily Utah West crudes, HollyFrontier currently is modifying the plant to enable increased runs of Canadian Syncrude as a result of crude pricing issues in the Uintah basin, George Damiris, HollyFrontier’s president and chief executive, said in August. HollyFrontier has scheduled a turnaround of the Woods Cross refinery’s older FCC during this year’s fourth quarter, Damiris said. Future plans In a March presentation to investors, HollyFrontier said it also was considering a potential Phase 2 expansion at Woods Cross, which would expand capacity to 60,000 b/sd by 2018 at an estimated cost of $750 million-1 billion. To date, the company has yet to reveal further details regarding the status of the possible Phase 2 expansion, which would involve increases to both crude and vacuum distillation capacities as well as installation of a hydro-isom unit, a hydrogen plant, and a distillate hydrotreater, the company previously said. Contact Robert Brelsford at rbrelsford@ogjonline.com.

    Online Articles

    Online Articles

    Tue, 20 Sep 2016

  2. Pertamina lets contract for Balikpapan refinery

    PT Pertamina (Persero) has let a contract to CB&I, Houston, to provide technology licensing and engineering design for a grassroots alkylation unit to be built as part of the upgrade and modernization of the 260,000-b/d refinery in Balikpapan, East Kalimantan, Indonesia.

    Online Articles

    Online Articles

    Mon, 25 Jul 2016

  3. Hengli lets technology contract for Chinese refining complex

    Hengli Petrochemical (Dalian) Co. Ltd. (HPDC) has let a contract to a division of E.I. DuPont de Nemours & Co. to provide process technologies for an alkylation unit to be built at HPDC’s grassroots crude-to-paraxylene integrated refining and petrochemical project in Hengli Petrochemical Industrial ...

    Online Articles

    Online Articles

    Tue, 8 Mar 2016

  4. Par Pacific acquires Wyoming refinery, logistics assets

    Par Pacific Holdings Inc., Houston, has completed its previously announced deal with Black Elk Refining LLC for the purchase of Wyoming Refining Co., which operates an 18,000-b/d refinery in Newcastle, Wyo., and through its wholly owned subsidiary Wyoming Pipeline Co. LLC, related logistics assets ...

    Online Articles

    Online Articles

    Fri, 15 Jul 2016

  1. Gazprom Neft lets contract for Omsk refinery

    Online Articles

    Online Articles

    Wed, 27 Jul 2016

  2. Takreer lets contract for Ruwais refinery

    Abu Dhabi Oil Refining Co. (Takreer) has let a contract to Jacobs Engineering Group Inc., Pasadena, Calif., to provide for front-end engineering and design (FEED) services for a project that will boost production and efficiency at the general utilities plant (GUP) of the operator’s newly expanded ...

    Online Articles

    Online Articles

    Tue, 8 Dec 2015

  3. Indian Oil commissions Paradip refinery

    Indian Oil Corp. Ltd. (IOC) has started the process of commissioning its long-delayed 15 million-tonne/year, full-conversion refinery at Paradip, on India’s northeastern coast.

    Article

    Article

    Wed, 29 Apr 2015

  4. California oil refinery unit was down with problems before blast

    The unit had been offline for two days because of problems when a different piece of equipment exploded, said the Oil Price Information Service. 

    Online Articles

    Online Articles

    Fri, 20 Feb 2015

  5. Delaware City refinery, Praxair ink deal for carbon dioxide recovery plant

    Delaware City Refining Co. LLC (DCR), a subsidiary of PBF Energy Inc., Parsippany, NJ, has entered a long-term agreement with Praxair Inc. to supply crude carbon dioxide to a CO 2 recovery plant to be built at the site of DCR’s 190,000-b/sd refinery at Delaware City, Del.

    Online Articles

    Online Articles

    Fri, 17 Jul 2015

  6. Taiyo Oil completes technology upgrade at Shikoku refinery

    Japan’s Taiyo Oil Co. Ltd. has implemented process technology from Honeywell’s UOP LLC to increase flexibility and production at its 118,000-b/d Shikoku refinery at Kikuma, now part of Imabari, Ehime Prefecture, Japan.

    Online Articles

    Online Articles

    Tue, 9 Jun 2015

  7. Dangote lets contract for Nigerian integrated refining complex

    Dangote Oil Refining Co. (DORC), a division of Nigerian conglomerate Dangote Industries Ltd. (DIL), has let a contract to Honeywell’s UOP LLC, Des Plaines, Ill., for its grassroots integrated refinery and petrochemical plant to be built in southwestern Nigeria’s Lekki Free Trade Zone, near the ...

    Online Articles

    Online Articles

    Wed, 13 May 2015

  8. Gazprom Neft advances Omsk refinery modernization projects

    JSC Gazprom Neft has completed installation of major equipment related to the reconstruction and modernization of the primary crude oil distillation unit at its 21.4 million-tonne/year Omsk refinery in Western Siberia, Russia.

    Online Articles

    Online Articles

    Mon, 27 Apr 2015

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