Restart of Lake Charles Manufacturing Complex Underway
Oct 11, 2005
HOUSTON --- Start-up operations at CITGO’s Lake Charles, Louisiana Manufacturing Complex (LCMC) began in earnest this past weekend. After powerhouse facilities were brought online late last week, two crude units, a fluid catalytic cracking unit and two delayed coking units were restarted over the weekend. All of the pollution control and abatement facilities were fully operational prior to initiating the restart of the facility.
“We are very proud of everyone involved in this massive effort,” said Jerry Thompson, CITGO’s chief operating officer. “There are still some major process hurdles yet to be overcome and it is still too early to predict when full production will be restored. But barring any unforeseen difficulties, it is anticipated that most of the refinery equipment will be on line by the end of this week."
“The efforts by our employees, contractors and suppliers have been extraordinary, especially considering the hardship conditions that we have been working under and the fact that many employees are struggling with home and family resettlement issues,” said Al Prebula, CITGO’s vice president of LCMC.
.“No one has relaxed their focus or commitment to safety and we have had minimal environmental impact as we restore operations” he added.
LCMC’s configuration includes a total of four crude units, three fluid catalytic cracking units and two delayed coking units.
CITGO, based in Houston, is a refiner, transporter and marketer of transportation fuels, lubricants, petrochemicals, refined waxes, asphalt and other industrial products. The company is owned by PDV America, Inc., an indirect wholly owned subsidiary of Petróleos de Venezuela, S.A., the national oil company of the Bolivarian Republic of Venezuela.
This news release contains forward looking statements. Specifically, all statements pertaining to our margins, net income, liquidity, capital expenditures and available capital resources are forward looking statements. These forward looking statements are subject to risks and uncertainties that could cause actual results to differ materially from the forward looking statements. These risks and uncertainties include developments in Venezuela and third parties’ perceptions and reactions to them; changes in the availability and cost of crude oil, feedstocks, blending components and refined products; changes in prices or demand for CITGO products as a result of competitive actions or economic factors; changes in environmental and other regulatory requirements, which may affect operations, operating costs and capital expenditure requirements; costs and uncertainties associated with technological change and implementation; inflation; and continued access to capital markets and commercial bank financing on favorable terms. Readers are cautioned not to place undue reliance on these forward looking statements, which speak only as of the date of this release. We undertake no obligation to publicly release any revision to these forward looking statements to reflect events or circumstances after the date of this report.