Tesoro (TSO +0.00%) had been hoping to offload its refiner in Hawaii, but with no buyers stepping forward, the company has now said it will close the refinement plant and repurpose it as a storage facility. The reasoning was that it was positioned in a small market that also had very limited access to feedstock. In this video, Motley Fool energy analyst Joel South discusses what the company's plans are going forward without its Hawaiian refinement capability, and whether this move will hurt the company.
Tesoro to Shutter Its Hawaiian Refiner
By Joel South and Taylor Muckerman – Jan 9, 2013 at 9:19PM
NYSE: ANDV
Tesoro
Tesoro shuts the doors on its Hawaiian refinery.
About the Author
Joel is a University of Washington graduate and covers energy and materials for The Motley Fool. Be sure to follow The Motley Fool's energy and materials Twitter for all your energy and materials coverage.
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