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Market Chatter: TotalEnergies Set to Reopen Idled Texas Refinery Following Series of Problems
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Market Chatter: TotalEnergies Set to Reopen Idled Texas Refinery Following Series of Problems
Mar 19, 2024 12:59 PM

03:41 PM EDT, 03/19/2024 (MT Newswires) -- TotalEnergies (TTE) expects to resume production at its refinery in Port Arthur, Texas, slightly more than a week after the facility was shut down while the company worked to fix a leak, Reuters reported late Monday, citing people familiar with its operations.

The company had expected to return to full production soon after completing an overhaul at the 238,000 barrel-per-day in mid-January, according to the report. Those plans were sidetracked, however, by a series of problems, including an plantwide power outage in January, malfunctioning sulfur recovery units, and a leak in its fluidic catalytic cracker unit on March 8.

TotalEnergies did not immediately reply to a request for comment from MT Newswires on Tuesday.

(Market Chatter news is derived from conversations with market professionals globally. This information is believed to be from reliable sources but may include rumor and speculation. Accuracy is not guaranteed.)

Price: 68.52, Change: +0.42, Percent Change: +0.61

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