"BP plans on investing $3 billion in its Whiting refinery, located in Whiting, Ind. The plan is to better equip the refinery so that is can heavy Canadian crude oil. The refinery currently produces over 4.5 billion gallons of transportation fuel each year. With the reconfiguring of the plant, BP intends to increase that production by 15%.
'BP's investment increases the diversity and security of oil supplies that can be refined into gasoline, diesel and other petroleum products in demand by consumers in the Midwestern U.S.,' Bob Malone, BP America Inc. chairman and president. 'It also provides a significant market for Canada's abundant heavy crude oil resources.'"
Saturday, September 23, 2006
BP Investing in Indiana Refinery
BP Investing in Indiana Refinery:
Subscribe to:
Post Comments (Atom)
Sale of 26 Marsh stores approved by bankruptcy court, remaining 18 stores to close
From Fox59 On Tuesday, FOX59 learned two companies won the bidding war: Topvalco and Generative Growth II. Topvalco is a Kroger subsidiary...
No comments:
Post a Comment