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Philadelphia Energy preparing test run of heavy Canadian crude

Gasoil News - Published on Tue, 06 Nov 2018

Image Source: ET EnergyWorld
Reuters reported that Philadelphia Energy Solutions is preparing a test run of heavy, Canadian crude at its Philadelphia refinery complex in the upcoming weeks as it seeks to capture steep discounts being offered by producers, according to two sources familiar with the plant's operations. The move is part of the company's broader plan to consider making asphalt to deal with the upcoming new low-sulfur maritime rules, one of the two sources said. The 335,000 barrel-per-day refinery has already taken rail deliveries of the heavy Canadian crude, blending it with lighter Bakken crude barrels, two sources said. It is unclear whether the blended crude has been put into a unit at the plant.

The company declined to comment, saying it does not share the particulars of its business operations with competitors or the press. Philadelphia Energy Solutions and other US East Coast refiners are tapping as many discounted Bakken and Canadian barrels as they can amid bottlenecks that have forced producers to sell them at discount versus the U.S. benchmark price.

Canadian heavy crude for December delivery in Hardisty, Alberta, was at USD 46.50 a barrel below North American crude futures on Thursday, according to Shorcan Energy brokers.

Currently, the refinery is built to run light-sweet crude, but it has a history of running heavier, sour crudes and making asphalt. The heavier crude would be run through the 80,000 bpd crude unit at the Point Breeze section of the plant, the sources said.

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Posted By : Joykumar Irom on Tue, 06 Nov 2018
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