Fire at Chevron Richmond Refinery
Last night, at approximately 6PM PST, Chevron shut down its 240,000-barrel-a-day refinery in Richmond, CA after experiencing a fire at its only crude unit. Whereas the fire is out, there is plenty of speculation about how this incident will impact the price of fuels and base oils over the next few months.
According to documents filed with the Bay Area Air Quality Management District, other process units at Chevron’s Richmond refinery include a 64,800- barrel-a-day diesel hydrotreater, a 96,000-barrel-a-day jet hydrotreater, a 57,600-barrel-a-day naphtha hydrotreater, a 90,000-barrel-a-day fluid catalytic cracker and a 60,900- barrel-a-day isocracker.
Although Chevron says it was too early to fully assess the impact of the fire, a number of base oil buyers JobbersWorld spoke with today say this incident has them on edge about supply line interruptions and prices.