BP announced today that it has entered the final planning stage of a $3bn investment in Canadian heavy crude oil processing at its Whiting Refinery, northwest Indiana.
BP America Chairman and President Bob Malone said the company intends to reconfigure its Whiting Refinery so most of its feedstock can be heavy Canadian crude oil. Reconfiguring the refinery also has the potential to increase its production of motor fuels by about 15 percent, which is about 1.7 million additional gallons of gasoline and diesel per day.
‘BP is pleased to invest in a project important to the economies of both the
The Whiting Refinery currently produces about 4.5bn gallons of transportation fuels each year, which BPO claims is enough to supply more than five million vehicles.
Construction of the project is scheduled to begin in 2007 and be completed by 2011, pending regulatory approvals.
Massive new Coventry campus targets 60GWh battery output
Where will all the raw materials come from for the manufacturing process? How will they be transported to the factory and what is going to be done with the various scrap and residues?