Economic Calendar

Monday, November 24, 2008

BP Says Compressor Failure Shuts Gasoline Unit at Texas City

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By Christian Schmollinger

Nov. 24 (Bloomberg) -- BP Plc, Europe’s second-largest oil company by market value, said a compressor failure caused a gasoline-making unit to shut at its Texas City, Texas, refinery.

A hydrogen compressor tripped offline on Nov. 22 forcing its ultracracker unit to shut down, according to a filing with the Texas Commission on Environmental Quality. The emissions release should end by tomorrow, BP said.

The refinery expects to release 7,000 pounds of carbon monoxide and 2,000 pounds of nitrogen oxide, the filing said.

The Texas City refinery can processes as much as 467,720 barrels of oil a day.

To contact the reporter on this story: Christian Schmollinger in Singapore at christian.s@bloomberg.net




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