With December nearly half over, the U.S. base oil market is still waiting for ExxonMobils Beaumont, Texas, plant to resume operations. The facility has been closed since a few days before the landfall of Hurricane Rita, and the company declined yesterday to say when it will reopen.
The Beaumont plant, which has capacity to make 12,500 barrels per day of Group I stocks, was one of four base oil plants that were temporarily closed by Rita. The others – Citgos plant at Lake Charles, La., the Excel Paralubes joint venture at Westlake, La., and Motivas Port Arthur, Texas, plant – all resumed production during the second half of October.
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