Valero closes Aruba refinery for at least two months
June 22, 2009
Valero Energy Corp. said it would close its Aruba refinery for at least two months this summer as falling prices for its refined products make the plant less profitable, reported by the Associated Press. The refinery, which now processes about 275,000 barrels a day, will be completely off-line by mid-July. The San Antonio-based refiner will decide whether to restart operations in August or September. The plant''s 700 workers in the meanwhile will perform routine maintenance projects or join training programs during the shutdown, according to a company spokesman. Valero bought the Aruba plant in 2004 but has been looking to sell it since last year. No prospective buyers have been named. The facility processes heavy crude into distillate products that are shipped to U.S. refineries to be made into lighter fuels including gasoline.