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Thursday
18 Jul 2024

Exxon's Joliet refinery units down for a week, plans for restart in late July, IIR says

18 Jul 2024  by reuters   

The logo of ExxonMobil is seen during the LNG 2023 energy trade show in Vancouver, British Columbia, Canada, July 12, 2023. REUTERS/Chris Helgren/File Photo Purchase Licensing Rights
Exxon Mobil's (XOM.N), opens new tab 251,800-barrel-per-day refinery in Joliet, Illinois, is likely to have most units offline through this week, industry monitor IIR said on Wednesday.

A severe storm passed through Joliet earlier this week, leaving thousands without power.

The power outage took 16 units offline on Monday night, according to data from IIR.

Among them are a 127,000-barrels-per-calendar-day (bcd) vacuum distillation unit and a 98,000-bcd fluid catalytic cracker unit. Four hydrotreater units and three sulfur recovery units also went down during the outage.

The units are expected to be down for a week with plans to restart over the upcoming weekend, according to IIR.

Exxon did not immediately respond to a request for comment.

The outage sparked panic buying in the Chicago wholesale market, pushing prices higher for refined products in the region. Chicago diesel traded at a discount of 2.50 cents against the ultra-low sulfur diesel futures benchmark on Wednesday, 15.25 cents higher than Tuesday.

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