New From PetroChem Wire . . . .

NGLs Week

NGLs Week Newsletter  

PetroChem Wire and Genscape have partnered to create NGLs Week, a comprehensive summary of price trends, upstream and downstream costs, operations news and supply/demand forecasts. The report contains everything you'll need to understand what's happening in the NGL markets.

For more information, click here.

Valero to build new alkylation unit in Houston

HOUSTON, January 29, 2016 (PCW) -– Valero on Thursday said it would build a 13,000 b/d alkylation unit at its Houston refinery that would begin service in the first half of 2019.

The estimated cost for the unit is $300 million.

The San Antonio-based company reported 4Q net earnings of $862 million, down about 9.5% from the year-ago period. The decrease was largely due to lower earnings from its ethanol segment which saw operating income in the fourth quarter of $37 million, down from $154 million in 4Q 2014. This reduction was due to lower ethanol prices. –- Samantha Hartke