Refining industry looks to build near shale

02/3/2014 | Bloomberg

Refiners such as Valero Energy, Blue Dolphin and Kinder Morgan are investing in crude-processing equipment and are planning to build facilities in Texas, North Dakota and Utah. "The Eagle Ford has created its own marketplace," said Jonathan Carroll, CEO of Blue Dolphin. "It's changed the course for others, and specifically for us, because we're right in the middle of it -- wells are literally across the street."

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