Built in the EU during the 1960's and operated until shut down in 2004. In 2008, the refinery was 3D-laser-scanned and dismantling started with the removal of asbestos. After dismantling and cleaning at the site, the unit was shipped to the United States, where it will be refurbished during 2009.
The refinery includes the following main units:
CDU Atmospheric Crude Distillation Unit 100,000 bpd
VDU Vacuum Distillation Unit 25,000 bpd
FCCU Fluid Catalytic Cracker 13,000 bpd
NCHD Naphtha Hydrotreater 24,000 bpd
Platformer (Platinum Reformer) 14,000 bpd
KCHD Kerosene Hydrotreater 12,000 bpd
LPG Treatment 4,000 bpd
Amine Treating Unit
Sulfur Recovery Unit
Solid Sulfur Forming Unit (Flaker)
The sale also includes 425 acres in one of the largest foreign trade zones in the United States with Oil Refinery subzoning. This parcel lies between existing and operating oil refineries and features 5,000' of frontage on the ship channel. The permitting authority indicates "no problems", but the usual procedures will be required.
This offering will be delivered as a turnkey item, but requires separate escrows for the land (1st) and the refinery (2nd), prior to construction.
There is a 3% Buyers Premium.
There is no Co-Broker or Finders fee available from the seller or listing agent.
A regional bank will provide 50% equity financing, secured by a 1st lien and a personal guarantee from the borrower at Prime + 7% (terms can be negotiated).
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