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BP Toledo Refinery May Be Out of Action Until Early Next Year

REFINING

BP’s fire damaged refinery in Ohio may be out of action until early next year based on Bloomberg reports out today.

  • Inspections on the scale of the damage are in the early stages.
  • BP is yet to comment on what parts of the refinery need repaired and how long the refinery will be shut down for.
  • The refinery has a capacity of 150,800 bpd.
  • In August, Cenovus said it would buy the remaining 50% stake it does not already own in the BP-Husky Toledo Refinery. The deal is expected to close by the end of 2022.

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