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ExxonMobil’s Joliet Refinery Units Down for a Week, Plans for Restart in Late July

Reuters, July 17, 2024
Reuters

ExxonMobil's (XOM.N) 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.


(Reporting by Nicole Jao and Shariq Khan; Editing by Matthew Lewis)

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