Business & Tech
Hess Refinery in Port Reading to be Closed Today
The corporation announced it was closing the facility on Feb. 3 for repairs.
Following a technical evaluation, Hess Corporation announced it was shutting the fluid catalytic cracking unit (FCCU) at its Port Reading plant on Friday for maintenance work, according to DowJones.com.
The company it was evaluating the scope of the maintenance needed to bring the FCCU up to snuff. The closure, called a "turnaround," is a temporary procedure.
A company spokesperson confirmed the refinery closure. "We are in the process of temporarily shutting down the fluid catalytic cracking unit at our Port Reading refinery for repair."
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The refinery employees will be working on maintenance and restart activities during the repair process, the spokesperson said.
Last week, Hess announced it was in St. Croix after a sizeable 4th quarter loss because of a drop in demand for refined oil products.
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The Port reading refinery, which was built in 1958 and generates 70,000 barrels of high grade fuels daily, won't be permanently closed "if it generates acceptable returns," Chief Executive John Hess said last week.
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