Sunoco to Sell Last Two Refineries
Sunoco, Inc. has been restructuring for several years now, and its major drive is to make what it calls a “fundamental shift away from manufacturing.” The oil company has been selling off its refineries and is now down to just two. With the sale of its refineries in Philadelphia and Marcus Hook, Pennsylvania, Sunoco will officially be out of the refining business.
Sunoco’s Philadelphia facility has an output capacity of 330,000 barrels per calendar day (b/cd). The plant’s capabilities are broken into various categories, including 113,500 b/cd of fluid catalytic cracking, 68,000 b/d of catalytic reforming, 85,600 b/cd of catalytic hydrotreating for pretreatment of reformer feeds, and 78,000 b/cd of cat hydrotreating for diesel desulfurization. The facility also has 16,700 b/cd of alkylation (hydrofluoric acid) capacity.
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The Marcus Hook refinery has capacities of 93,000 b/cd for FCC, 15,600 b/cd for cat reforming, 36,000 b/cd of cat hydrotreating for reformer feed, and 12,000 b/cd of post hydrotreating for FCC naphtha. It has 10,000 b/d of alkylation (sulfuric acid) capacity.
Earlier this year, Sunoco sold its 170,000 barrel per day (bpd) refinery in Toledo, Ohio to Toledo Refining Co. LLC. In 2010, the company shut down its 150,000 bpd Eagle Point, New Jersey refinery, and sold its 85,000 bpd refinery in Tulsa, Oklahoma to Holly Corp.
Sunoco has also sold off its polypropylene business, Sunoco Chemicals, Inc. to Braskem SA, shutting down its plant in Texas.
Sunoco is splitting off its metallurgical coke business with an IPO called SunCoke Energy.
Sunoco representatives claim that if the remaining two Pennsylvania refineries are not sold in due time, the company will idle the processing come July 2012.
Hydrostor receives $4m funding for A-CAES facility in Canada
Hydrostor has received $4m funding to develop a 300-500MW Advanced Compressed Air Energy Storage (A-CAES) facility in Canada.
The funding will be used to complete essential engineering and planning, and enable Hydrostor to plan construction.
The project will be modeled on Hydrostor’s commercially operating Goderich storage facility, providing up to 12 hours of energy storage.
Hydrostor’s A-CAES system supports Canada’s green economic transition by designing, building, and operating emissions-free energy storage facilities, and employing people, suppliers, and technologies from the oil and gas sector.
The Honorable Seamus O’Regan, Jr. Minister of Natural Resources, said: “Investing in clean technology will lower emissions and increase our competitiveness. This is how we get to net zero by 2050.”
A-CAES has the potential to lower greenhouse gas emissions by enabling the transition to a cleaner and more flexible electricity grid. Specifically, the low-impact and cost-effective technology will reduce the use of fossil fuels and will provide reliable and bankable energy storage solutions for utilities and regulators, while integrating renewable energy for sustainable growth.
Curtis VanWalleghem, Hydrostor’s Chief Executive Officer, said: “We are grateful for the federal government’s support of our long duration energy storage solution that is critical to enabling the clean energy transition. This made-in-Canada solution, with the support of NRCan and Sustainable Development Technology Canada, is ready to be widely deployed within Canada and globally to lower electricity rates and decarbonize the electricity sector."
The Rosamond A-CAES 500MW Project is under advanced development and targeting a 2024 launch. It is designed to turn California’s growing solar and wind resources into on-demand peak capacity while allowing for closure of fossil fuel generating stations.
Hydrostor closed US$37 million (C$49 million) in growth financing in September 2019.