Exxon Reports Rate-Cuts, Emissions at Beaumont, Texas Refinery -- Update
28 Août 2017 - 11:18PM
Dow Jones News
Exxon Mobil Corp. (XOM) said Monday its Beaumont, Texas refinery
had to reduce production rates and that it also experienced an
operational disruption due to Hurricane Harvey.
"As a result of adverse weather caused by Hurricane Harvey,
excess emissions occurred during an upset on the Sulfur Plant
Thermal Oxidizer," the refinery said in a regulatory filing to the
Texas Commission on Environmental Quality. It said the emissions
happened Sunday night and lasted about an hour.
On Monday morning, Exxon said it reduced operating rates at the
refinery. It wasn't clear if the rate-cuts were related to the
incident with the Sulfur Plant Thermal Oxidizer.
The challenges at the Beaumont refinery are the latest of many
shutdowns or rate-cuts at refineries up and down Texas's gulf coast
as Harvey continues to dump rain on the area, creating massive
flooding in Houston and beyond. Exxon had already shut its larger,
Baytown refinery near Houston on Sunday due to Harvey, while Shell
and other refineries also closed down.
The refinery shutdowns have caused a quick spike in gasoline
prices, both in futures markets as well as at the retail level,
especially in and around Houston. One refiner, Phillips 66 (PSX),
said it's urging gas stations not to hike prices unfairly,
reminding them of laws against price gouging.
Write to Dan Molinski at dan.molinski@wsj.com
(END) Dow Jones Newswires
August 28, 2017 17:03 ET (21:03 GMT)
Copyright (c) 2017 Dow Jones & Company, Inc.
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