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Not really a big deal. The numbers are cumulative. The Reliance Brownsville Texas facility will only process 60 million barrels per year. That's 1% of annual US
by caminante 6mo ago
Not really a big deal. The numbers are cumulative. The Reliance Brownsville Texas facility will only process 60 million barrels per year. That's 1% of annual US refining capacity.
> It's interesting to both see Asian majors and EPCs increasingly dominating the petrochemical chain
You really don't want downstream in your backyard, though. The environmental oversight in these countries is...less. Meanwhile, it's a hyper competitive industry with low margins so adding new capacity only works in places with cheap labor and less red tape.
- alephnerd 6mo ago[flagged]
- caminante 6mo agoHey. You're obviously having a bad couple days, which seems to have nothing to do with this discussion or HN. I hope you can recover and feel better. My point remains that Reliance isn't investing 300B in a refinery as you so claim. >India's Reliance is also investing $300B That's a cumulative offtake figure used in hyperbolic, Trump-style headlines.
- flumpmaster 6mo ago“especially given that a net new refinery hasn't been built in the US in 50 years.” Existing large refineries have done some massive expansion projects in the last couple of decades, adding the equivalent of a several new refineries. It is often easier to do this than build a new grass roots refinery. Example projects: MPC Garyville +180 MBD (2009) Motiva Port Arthur +325 MBD (2012) XOM Beaumont +250 MBD (2023)
- eiee 6mo agoThere are many topics where you come across as an over confident plank too. So I agree - delete your account. Ciao
- rmunn 6mo ago[dead]