...As the regretted Freddy Mercury said (for our US colleagues, he was the lead singer of a famous European rock band... :) )
After Italy (sale of EM 75% share in Trecate refinery and the associated fuels business), the Sriracha refinery and the fuels business in Thailand got the axe. Who's going to be next? Place your bets.
20 replies (most recent on top)
OP, Annandale in New Jersey is next. It's in the 2024 plan already. There is absolutely nothing left there. They produce nothing. They get fat paychecks to make PowerPoints. But they don't make a dollar for the corporation.
Fos definitely going soon after the French activities this year.
Joliet is gone with all of Canada
@cqq+1kE8SRX2 Permian really? What financials are you looking at because that place is printing cash.
Who is willing to pay up for Joliet? It is on the chopping block for sure, no Chem plant. Maybe Marathon?
They'll all be nationalized. All sites - worldwide.
That's the easy way to unload all our troubles on the taxpayers out there.
Annandale, Fos, Nanticoke, Joliet, Fawley
singapore complex next
Melbourne Terminal (Old Altona refinery) to be sold off to a new operator.
Interesting many think of Canada to be next... I always thought the margin for Canadian fuels market is very strong, higher than US even.
Rotterdam and Baton Rouge.
Despite the co-locations that would make for smooth runnings (Chevron style) these are dinosaurs along major rivers.
At least in BR, the employees could be converted for Site Remediation, if you know what I mean. Down to the bedrock.
Joliet, Corpus, all of Canada, and Rodderdam. Happening this year, no need for NSI at the remaining plants.
Annandale is next , can’t survive , some of the technicians older than dirt…Darren ,only losers are left …shut it down wasting corporation capital …..
Annandale in New Jersey is next. Complete waste of money. Nobody here. Darren is wasting the investors money keeping this place open.
Kearl; it's not a matter of if, but when
Fos
Joliet
Probably in that order.
Permian is next.
Colossal EM failure, one for the books.
Fos sur Mer is probably next in Europe. Maybe something in Canada.
ca.....na.............da.....
Humm... Let me find out... Joliet?