Exxon OK's project to nearly double size of Texas refinery
HOUSTON (Reuters) - Exxon Mobil Corp has given final approval to an expansion that would nearly double the size of its 365,000 barrel-per-day (bpd) Beaumont, Texas, refinery, making it the largest in the United States, said two people familiar with the company’s plans.
The largest U.S. oil producer, which has been considering a third processing unit at the plant since at least 2014, has authorized financing for equipment needed to convert shale crude from its West Texas oilfields into precursors for gasoline, diesel, jet fuel and other refined products.
The authorization is the final step to begin building a third crude distillation unit (CDU) that would process between 250,000 and 350,000 bpd of light crude at the refinery located 87 miles (140 km) east of Houston.
With a 250,000 bpd CDU, the plant’s total capacity would reach 615,644 bpd, placing it ahead of the nation’s largest, Motiva Enterprises’ 603,000 bpd refinery, in nearby Port Arthur, Texas.
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