Great reception from the Mississippi Bay Spring Rotary Club on my ethanol gas presentation last Monday. I continue to get the response "I didn't know that?"
Hope everyone is enjoying the beautiful fall weather we've been enjoying the last several days. Just hope it continues.
In the event you were not aware, the Chalmette "Murphy Oil Refinery" is being bought out by Valero Refining. Here is an article which appeared just a few days verifying the completion of the transaction. The thing that concerns us a lot is that Valero is currently selling ALL of it's gas as ethanol gas. We just hope they allow the Murphy refinery to continue to produce ethanol free gas................I plan to write to the CEO of Valero asking him to please allow the Murphy refinery to continue to produce ethanol free gas.
Valero completes purchase of Murphy Oil refinery in Meraux
Published: Saturday, October 01, 2011, 10:00 PM
By The Associated Press
Valero Energy Corp. has announced the completion of its acquisition of Murphy Oil Corp.'s refinery at Meraux. In a Saturday news release out of San Antonio, Valero said it acquired the refinery and related logistics assets for $325 million plus inventories valued at approximately $260 million.
Valero said that in addition to the refinery, the purchase price includes an adjacent product terminal, a 20 percent equity interest in the Collins Product Pipeline and T&M terminal, and a 3.2 percent interest in the Louisiana Offshore Oil Port.
Last month, Valero said it planned to fund the purchase from available cash.
El Dorado, Ark. based Murphy Oil has said the sale is part of a plan to exit the refining business. The refinery has a capacity of 135,000 barrels per day.
"Pete" Landry...........comments welcome at ............way2gopete@yahoo.com
