Published on Thursday, July 7 2022
Authors : John Mayes & Brian Graham

 

In our June 23 blog we mentioned that approximately 2 million BPD of refining capacity serving U.S. markets has been idled or reduced due to government policies and demand destruction in 2020 and 2021 as a result of the pandemic. In response to readers’ questions and comments related to that statement, please see the table below. The PES Philadelphia Refinery shutdown occurred following the June 2019 fire and explosion, and the St. Croix Refinery ceased operations in 2021 following a string of environmental mishaps. It could be argued whether either of these facilities should be included in a list of closures or reductions attributed to evolving U.S. policy against fossil fuels and the economic impact from the pandemic, but the point remains that some 2 million BPD capacity has been retired or reduced in the past 3 years. 

For any follow-up questions or comments, please contact John Mayes (jmayes@turnermason.com) or Brian Graham (bgraham@turnermason.com).

 

TM&C Worldwide Refinery Construction Outlook

This blog stems from the information covered in our Worldwide Refinery Construction Outlook that we publish semiannually. We are currently working to update this for publication in late August or September. For more information about this upcoming report or for any other consulting needs you may have, please reach out to us at contact@turnermason.com or give us a call at 214.754.0898.