Follow @PoliticsIE
 
 
 
Page 1 of 2 12 LastLast
Results 1 to 10 of 20

Thread: Irelands only Oil refining facility at risk?

  1. #1
    Politics.ie Member
    Join Date
    Mar 2010
    Location
    Cork
    Posts
    2,528
    Mentioned
    0 Post(s)

    Default Irelands only Oil refining facility at risk?

    US-based oil refiner Phillips 66 may sell Whitegate refinery - The Irish Times - Sat, Mar 09, 2013
    UPDATE 1-Phillips 66 may shed some non-US refineries -executive | Reuters
    Phillips 66 mulls selling refineries in Ireland, Germany, Malaysia - Energy Business Review
    Department in talks with Philips 66 over refinery plans | Irish Examiner

    Looks like after a very short ownership, Phillips 66 seem keen to offload what they consider an "unsophisticated" refinery.
    I heard locally that the investment required to bring it up to speed is huge, as it is operating more or less on 1950s technology. Its jetty can only handle one supertanker at a time, and it is a long way from the refinery to the National road network. Worth noting that the majority of the road linking it to Midleton, 13km away was built by the original refinery operators, to allow the heavy plant be driven to the construction site.
    It provides 40% of irelands refining needs.
    Who will buy?

    Regardless of the need to reduce our Oil dependence, it should still be mandatory for us to at least have our own refining capacity, and not rely on world market variables for our refined product requirements.

  2. #2
    Politics.ie Member wombat's Avatar
    Join Date
    Jun 2007
    Posts
    31,215
    Mentioned
    2 Post(s)

    Default

    Quote Originally Posted by Dohville View Post
    Regardless of the need to reduce our Oil dependence, it should still be mandatory for us to at least have our own refining capacity, and not rely on world market variables for our refined product requirements.
    There was an EU requirement for a national strategic store of oil which was kept at Whiddy. Not sure if it is still kept but there isn't really a need to have a small refinery on the island.

  3. #3

    Default

    Dohville,

    I'm actually surprised that it has lasted this long, the type of crude reaching the market these days is much different to the crude which this refinery was built to handle.

    In addition refineries are closing down all over Europe because of tiny margins.

    Take another look at the definition of peak oil ?

    Hint it has nothing to do with running out of oil.
    Best regards, Pat.Twitter-energy economy news _ _ Each to their ability, together we progress.

  4. #4

    Default

    Quote Originally Posted by wombat View Post
    There was an EU requirement for a national strategic store of oil which was kept at Whiddy. Not sure if it is still kept but there isn't really a need to have a small refinery on the island.
    wombat,

    The majority of our strategic reserve actually resides in cyberspace, reserves made up of paper contracts for supply rather than actually black stuff.
    Best regards, Pat.Twitter-energy economy news _ _ Each to their ability, together we progress.

  5. #5
    Politics.ie Member
    Join Date
    Mar 2010
    Location
    Cork
    Posts
    2,528
    Mentioned
    0 Post(s)

    Default

    There is a worldwide shortage of Gas oil (diesel, aviation fuel, Kerosene) refining capacity. Most older plants are set aside to produce Petrol. I believe Whitegate should have been upgraded to reflect the worldwide increase in demand for Gas Oil 20 years ago but this was not done. Tosco owned it then.
    Oddly, onlyin 2011, before Phillips 66 took it over, it was boasting of $17m profits. Now its new owners want shot of it?

    Whitegate Refinery enjoys

  6. #6
    Politics.ie Member
    Join Date
    Dec 2011
    Posts
    5,208
    Mentioned
    0 Post(s)

    Default

    Who will buy?

  7. #7

    Default

    Quote Originally Posted by Dohville View Post
    There is a worldwide shortage of Gas oil (diesel, aviation fuel, Kerosene) refining capacity. Most older plants are set aside to produce Petrol. I believe Whitegate should have been upgraded to reflect the worldwide increase in demand for Gas Oil 20 years ago but this was not done. Tosco owned it then.
    Oddly, onlyin 2011, before Phillips 66 took it over, it was boasting of $17m profits. Now its new owners want shot of it?

    Whitegate Refinery enjoys
    Dohville,

    The reason for that worldwide shortage of the fractions such as diesel and kerosene might have a lot to do with the fact that production of conventional crude has been flat since 2005 and all of the increase in world crude supply has come from unconventional sources such as natural gas liquids or heavy oils such as tar sands.

    Its extremely difficult to distil diesel or kerosene from such oil as in many cases the required complex hydrocarbons are simply not there in a lot of these unconventional oils.

    Perhaps the crude from Ballyroe might be a useful feedstock for Whitegate, although I'm not sure it could handle higher sulphur crude without an upgrade.
    Best regards, Pat.Twitter-energy economy news _ _ Each to their ability, together we progress.

  8. #8
    Politics.ie Member Eire1976's Avatar
    Join Date
    Nov 2010
    Posts
    14,032
    Mentioned
    0 Post(s)

    Default

    Quote Originally Posted by wombat View Post
    There was an EU requirement for a national strategic store of oil which was kept at Whiddy. Not sure if it is still kept but there isn't really a need to have a small refinery on the island.
    Where did you get that snippet of brilliance?

    There is plenty of scope for Ireland to have more than one refinery.

  9. #9
    Politics.ie Member wombat's Avatar
    Join Date
    Jun 2007
    Posts
    31,215
    Mentioned
    2 Post(s)

    Default

    Quote Originally Posted by Eire1976 View Post
    Where did you get that snippet of brilliance?

    There is plenty of scope for Ireland to have more than one refinery.
    It has to do with capitalism, the Irish market is not big enough to warrent building a new refinery or increasing capacity at Whitegate.

  10. #10
    Politics.ie Member
    Join Date
    Mar 2010
    Location
    Cork
    Posts
    2,528
    Mentioned
    0 Post(s)

    Default

    Quote Originally Posted by wombat View Post
    It has to do with capitalism, the Irish market is not big enough to warrent building a new refinery or increasing capacity at Whitegate.
    It currently produces 40% of what we use. We import the rest, at a price. Surely if we produced enough for our self, we could also sell the surplus on the open market?

    While Oil extraction may still be cartel controlled, is refining under the same control?

Page 1 of 2 12 LastLast

Posting Permissions

  • You may not post new threads
  • You may not post replies
  • You may not post attachments
  • You may not edit your posts
  •