By OGJ editors
HOUSTON, Dec. 14 -- Valero Energy Corp. said its Aruba refining subsidiary is ready to restart the 235,000-b/d refinery it idled in July 2009 because of poor economics (OGJ Online, June 8, 2010).
Valero Aruba Refinery, which began moving toward a restart in June, announced completion of a plantwide turnaround while reporting the signing of a memorandum of understanding with the Aruba government on delivery of LNG to the island nation.
The parties offered no details on their LNG plans.
Valero said it had spent more than $90 million preparing the refinery to resume operations. It began planning the move after reaching agreement with the government in a tax dispute.
