Valero Energy to close part of Delaware refinery (11:15 a.m. 9/8/09)
Published: September 8, 2009
San Antonio (AP) — Valero Energy Corp. says it’s closing a portion of a Delaware refinery and laying off 150 employees and 100 contract workers until economic conditions improve.
The San Antonio-based company on Tuesday blamed the recession for the unprofitable performance of the coker and gasifier complex at the Delaware City refinery.
The coker operation will be closed until economics improve. Valero said the gasifier complex will be closed indefinitely.
Valero, the nation’s largest independent refiner, in July said it could lose money for the rest of the year if the weak economy continues.