Refiners to invest more in refinery retrofits, expert says

08/21/2014 |

Refiners, especially on the Gulf Coast, are expected to concentrate their spending on retrofitting and expanding facilities as they find ways to process the abundant supplies of light crude produced amid the U.S. shale boom, said Jim Jones, senior vice president at petrochemical consulting firm Turner, Mason and Co. Doing so is more affordable and simpler than building new refineries, he said: "They are going to be much more lower investment, much more targeted at doing just enough to make some products that can be exported."

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