Giant Industries fire-hit Va. refinery at 100 pct
Thu May 4, 2006 10:34 AM ET
NEW YORK, May 4 (Reuters) - Giant Industries Inc.'s Yorktown, Virginia, refinery is operating at full capacity after returning a now upgraded fluid catalytic cracking unit to service in mid-April after a turnaround, the company said in its first-quarter 2006 earning release late on Wednesday.
A November 2005 fire at the 61,900 barrels per day Yorktown refinery shut the entire refinery through Jan. 15 and it only operated at 40,000 bpd for most of the quarter.
"At Yorktown, we recently completed the repairs on the units damaged by the fire, as well as a turnaround of the fluid catalytic cracker unit," said Fred Holliger, Giant's chief executive officer, in a release.
"We also completed an upgrade project that should increase our yield of higher value finished products from the Fluid Catalytic Cracker. The refinery is currently operating at full capacity, and we are encouraged by the improved product yield that we are experiencing from the Fluid Catalytic Cracker."
Most of the Yorktown's feedstocks come from Canada, the North Sea, West Africa, South America and the Far East, according to the Giant's Internet web site.
The Yorktown refinery also imports other feedstocks to supplement the processing units and blendstocks to optimize blending operations.
Arizona-based Giant owns and operates three refineries, of which Yorktown is the largest. The other two are located in the Four Corners area of New Mexico.
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