New US Refinery - Since 1976?

[Ashereng]

Hyperion plans first U.S. refinery since 1976
Little-known, privately held company is looking at locations in Midwest

HOUSTON - Little-known, privately held Hyperion Resources Inc. said on Wednesday it plans to build an $8 billion oil refinery, the first in the United States since 1976, at one of several sites under consideration in the U.S. Midwest.

http://www.msnbc.msn.com/id/19226739/

Woo Hoo. Hope this refinery goes.

"Do not worry about your problems with mathematics, I assure you mine are far greater."
Albert Einstein
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[zdas04]

There is a reason for no new refinery's in the US in over 30 years--at the end of the day you just can't get permits. It is just about as hard to permit a refinery as to permit a Nuclear Power Plant (and I don't think there have been any new permits for nuc plants in the same period).

There is a lot of NIMBY. There is a lot of tree huggers stopping nasty oil just for the sake of stopping nasty oil. EPA is simply a pain. Fish & Wildlife bemoan the loss of habitat. etc.

I hope Hyperion has the wearewithal to pull it off, but look for a page 10 story about either their bankrupcy or their cancellation of their planned refinery.

David

 

[BigInch]

Let's put it in Canada!

http://virtualpipeline.spaces.msn.com

 

[Luiz001]

Don't come down to Brazil, here is same, or wrost, than US !!!

 

[Ashereng]

Hi Big Inch,

I would love to have it here in Canada.

Just curious, why wouldn't you want it in the US? I am assuming you are US based?

"Do not worry about your problems with mathematics, I assure you mine are far greater."
Albert Einstein
Have you read FAQ731-376 to make the best use of Eng-Tips Forums?

 

[BigInch]

Ya. I know you're in Canada, so I just thought I'd suggest that it goes in your back yard. Actually I'm not bothered too much by wherever it goes. I did my time living next to refineries back in Houston for 35 years. Now I'm in Spain.

But really, why not refine it in Canada and sell it to the U.S. with value added as refined products? All the Mideast countries are wanting to do that now.

http://virtualpipeline.spaces.msn.com

 

[Ashereng]

I would love for the next North Americal refinery to be in Canada - we keep the profit margins.

You are in Spain? Didn't realise that there was a large petroleum industry there. Wine and cork - yes. Petro - not so much.



"Do not worry about your problems with mathematics, I assure you mine are far greater."
Albert Einstein
Have you read FAQ731-376 to make the best use of Eng-Tips Forums?

 

[BigInch]

We got pleanty of oil, but its VERY expensive. About $630/BBL .... olive oil.

This location is "strategic", if you see it as the geographic center of all the world's oil fields. I have a couple of petro clients, but not here.

http://virtualpipeline.spaces.msn.com

 

[DrillerNic]

Repsol are producing as bit on the south coast of Spain....

 

[BigInch]

I think the total production in Spain is around 6,000 BOPD

http://virtualpipeline.spaces.msn.com