Dec. 30 (Bloomberg) -- Phillips 66’s refinery in the Los Angeles area will shut a reformer this week for a turnaround, said a person familiar with operations.
The work is expected to last for about 30 days, said the person, who asked not to be identified because the information isn’t public. Reformers process feedstock into high-octane gasoline blending components.
Rich Johnson, a Phillips 66 spokesman at the company’s headquarters in Houston, declined by e-mail to comment.
The 139,000-barrel-a-day Los Angeles refinery is made up of two plants, in Carson and Wilmington, that are linked by pipeline. The complex, which runs mainly heavy, high-sulfur crudes, produces gasoline, diesel and other refined products for markets in California, Nevada and Arizona, Phillips 66’s website shows.
The Carson section serves as “the front end” of the refinery, processing crude oil when it first arrives at the plant, according to the company’s website. Units in the Wilmington area upgrade intermediate feedstock to make finished products.
The spot price for California-blend gasoline, known as Carbob, in Los Angeles weakened 4.5 cents versus futures traded on the New York Mercantile Exchange to a premium of 1 cent a gallon, a one-week low, data compiled by Bloomberg at 4:25 p.m. East Coast time show.
To contact the reporter on this story: Lynn Doan in San Francisco at firstname.lastname@example.org
To contact the editor responsible for this story: Bill Banker at email@example.com