Friday, October 20, 2017 6:35:18 PM
These are not complete refinery systems. BDCO's Nixon unit appears to be a topping unit.
Topping units generate thin, to no margin - they have a tough time breaking even. The only product that is really directly marketable is kerosene, as jet fuel. The remainder, including resid, naphtha, and raw diesel need to be further refined for use. Without the ability to further refine, or "crack" these intermediate products, there is significant feedstock waste.
A topping unit is the "front-end" of a complete refinery. It would be a tough call to invest in an asset sale for a topping unit, because the investment to drive it into a profitable, higher margin operation would be substantial.
Recent BDCO News
- Form 8-K - Current report • Edgar (US Regulatory) • 01/18/2024 08:13:39 PM
- Form 8-K - Current report • Edgar (US Regulatory) • 01/05/2024 10:22:54 PM
- Form 8-K - Current report • Edgar (US Regulatory) • 01/05/2024 09:49:50 PM
- Form 8-K - Current report • Edgar (US Regulatory) • 01/04/2024 10:23:41 PM
- Form 8-K - Current report • Edgar (US Regulatory) • 11/15/2023 02:09:52 PM
- Form 8-K - Current report • Edgar (US Regulatory) • 11/08/2023 07:26:15 PM
- Form 8-K - Current report • Edgar (US Regulatory) • 11/03/2023 05:45:21 PM
- Form 4 - Statement of changes in beneficial ownership of securities • Edgar (US Regulatory) • 10/10/2023 06:56:45 PM
- Form 4 - Statement of changes in beneficial ownership of securities • Edgar (US Regulatory) • 08/23/2023 09:19:44 PM
- Form 4 - Statement of changes in beneficial ownership of securities • Edgar (US Regulatory) • 08/21/2023 11:15:12 AM
- Form 10-Q - Quarterly report [Sections 13 or 15(d)] • Edgar (US Regulatory) • 08/14/2023 09:05:56 PM
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