Capital Improvement Program -- April Status Report.NEW ORLEANS--(BUSINESS WIRE)--May 20, 1999-- Orion Refining Corporation provided the following status report on its Capital Improvement Program through the end of April 1999. The following major plants and units were operated during the month -- Crude Unit, Vacuum Unit, both Sulfur Recovery Units, Coker, VGO VGO Vigo, Spain (Airport Code) VGO Vacuum Gas Oil VGO Vickers Gas Operated (machine gun) VGO Video Game Optimization VGO Velocity-To-Go and Distillate dis·til·late n. A liquid condensed from vapor in distillation. distillate a product of distillation. HDS (Hitachi Data Systems, Santa Clara, CA, www.hds.com) A leading provider of high-end storage hardware, software and services. Part of the Information Systems & Telecommunications Division of Hitachi Ltd. Units and the Naphtha naphtha (năp`thə, năf`–), term usually restricted to a class of colorless, volatile, flammable liquid hydrocarbon mixtures. Hydrotreater. Average crude and feedstocks input to the refinery during the month was 85,000 barrels per day Barrels per day (abbreviated BPD, bbl/d, bpd, bd or b/d) is a measurement used to describe the amount of crude oil (measured in barrels) produced or consumed by an entity in one day. (Bpd) with the coker processing 33,000 Bpd. The NHT NHT National Housing Trust NHT Now Hear This (speaker manufacturer; Benicia, California) NHT National Heritage Trust (Australia) NHT Naphtha Hydrotreater NHT Now Here This and HDS units ran well, with the distillate product meeting low sulfur diesel specifications. An average of 1,950 tons per day of coke and 180 long tons per day of sulfur were produced. Orion Refining has planned a routine maintenance turnaround for the first week of June. All Phase I units will be shut down for maintenance. Minor work will be performed in the coker and some catalyst in the Gas Oil train of the HDS unit will be replaced. Progress on the Capital Improvement Program continues with the successful completion and start-up of the second sulfur recovery unit. Field work continues on the FCC (1) (Federal Communications Commission, Washington, DC, www.fcc.gov) The U.S. government agency that regulates interstate and international communications including wire, cable, radio, TV and satellite. The FCC was created under the U.S. Unit, the Alkylation alkylation /al·kyl·a·tion/ (al?ki-la´shun) the substitution of an alkyl group for an active hydrogen atom in an organic compound. al·kyl·a·tion n. Unit, and on the Phase II Offsite projects. There are currently about 1,400 construction people onsite. Tracking of labor productivity and materials and equipment purchases indicates that we are still on budget. The completion of Phase II remains scheduled for year-end. Orion Refining Corporation owns and operates a large refinery, located near New Orleans, designed to process primarily heavy, sour crude and feedstocks. Except for the historical information contained herein, the matters set forth in this news release may contain forward looking statements that involve certain risks and uncertainties that could cause actual results to differ materially from those in the forward looking statements. Factors which may cause actual results to differ include engineering problems, work stoppages, further cost overruns, personnel or material shortages, casualty losses, unavailability of financing, competition and fluctuations in feedstock and product prices, over which the Company may have no control. Investors are directed to consider the risks and other uncertainties discussed in documents filed by the Company with the Securities and Exchange Commission. As a result of these and other factors, there can be no assurance that the Capital Improvement Program will be completed as anticipated |
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