Cosmo Plans to Resume Chiba Oil Distillation Unit in Mid-January

Cosmo Oil Co. (5007) plans to resume operation at the 120,000 barrel-a-day No. 2 crude distillation unit at its Chiba refinery in mid-January.

The refiner also expects to restart the 100,000 barrel-a- day No. 1 crude distillation unit at the refinery near Tokyo in April, Managing Executive Officer Satoshi Miyamoto told reporters in Tokyo today.

Cosmo Oil idled the 120,000 barrel-a-day No. 2 crude unit on May 3 for maintenance and the 100,000 barrel-a-day No. 1 crude unit on May 7 for an electrical equipment check. Restarts of the two units were delayed due to an investigation over an asphalt leak in June.

“It will probably be some time in July next year to operate the two crude units together,” said Miyamoto. “This is because we plan to idle the No. 2 unit again for scheduled maintenance some time in spring.”

The refiner may resume operation of a 36,000 barrel-a-day residue desulfurization unit by the end of December ahead of the startup of the No. 2 crude unit in January, according to two company officials who asked not to be identified because the information is not public.

About 72 kiloliters of asphalt spilled from a storage tank at the 220,000 barrel-a-day refinery on June 28.

To contact the reporters on this story: Tsuyoshi Inajima in Tokyo at tinajima@bloomberg.net; Yuji Okada in Tokyo at yokada6@bloomberg.net

To contact the editor responsible for this story: Alexander Kwiatkowski at akwiatkowsk2@bloomberg.net

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