Saturday, June 16, 2007
Valero Energy Corp. is taking another step toward expanding its Norco refinery by seeking approval of $1 billion in Gulf Opportunity Zone bonds from the St. Charles Parish Council.
Company officials stressed that they have not committed to the project to expand the refinery's capacity from 220,000 barrels of crude per day to 380,000 barrels, but the company is lining up permits and financing before making the decision.
"The permitting process is kind of lengthy, so it's best to get the permits in place before taking it to the board for approval," Valero spokesman Bill Day said Friday.
Company officials stressed that they have not committed to the project to expand the refinery's capacity from 220,000 barrels of crude per day to 380,000 barrels, but the company is lining up permits and financing before making the decision.
"The permitting process is kind of lengthy, so it's best to get the permits in place before taking it to the board for approval," Valero spokesman Bill Day said Friday.
Details : Nola