Sunoco Said to Delay Restart of Marcus Hook Refinery Units
Stock Chart for Sunoco Inc (SUN)
Sunoco’s goal is to have the catalytic cracker restarted on April 5, said the person, who declined to be identified because he isn’t authorized to speak for the refinery. Until then, the plant’s production units will remain on circulation, he said.
The refinery lost power temporarily on March 28, Lynda Rebarchak, a spokeswoman for the southeast regional office of the Pennsylvania Department of Environmental Protection, said in an e-mail. At 8:30 p.m. that day, Sunoco informed the department that “all units were coming back online.”
Thomas Golembeski, a company spokesman in Philadelphia, did not immediately respond to an e-mail seeking comment.
The refinery has a capacity of 194,000 barrels a day, according to data compiled by Bloomberg. The refinery supplies fuel to New York Harbor, the delivery point for gasoline and heating oil futures, and shutdowns at the plant can increase spot and futures prices.
Since the power failure, the discount to futures for immediate delivery regular gasoline in New York Harbor has narrowed to 9.5 cents from 16 cents on March 25
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