Valero tells state regulators it's considering closing Benicia refinery, SF Chronicle reports
Valero tells state regulators it’s considering closing Benicia refinery, SF Chronicle reports
Updated: 7:18 PM PDT Apr 16, 2025
FLASHLIGHT AND SAFETY WHISTLE. IN OTHER NEWS, VALERO REFINING COMPANY HAS TOLD STATE REGULATORS IT IS CONSIDERING CLOSING ITS FACILITY IN THE BAY AREA. THE SAN FRANCISCO CHRONICLE SAYS THE COMPANY ANNOUNCED TODAY THAT IT GAVE THE CALIFORNIA ENERGY COMMISSION NOTICE THAT IT MAY CEASE OPERATIONS AT VALERO’S BENICIA REFINERY BY THE END OF APRIL OF 2026. THIS COMES AFTER PHILLIPS, 66, CEO, SAID THE COMPANY WILL SHUT DOWN ITS SOUTHERN CALIFORNIA REFINERY BY THIS OCTOBER. EARLIER THIS MORNING, GOVERNOR GAVIN NEWSOM EXPLAINED HOW THE STATE IS RESPONDING TO THE POSSIBLE REFINERY CLOSURE. THERE WAS A REQUIREMENT TO GIVE NOTIFICATION AS RELATES TO ANY AUGMENTATION OPERATIONS OR AND OR CLOSURES FOR FOR REFINERIES IN THE STATE OF CALIFORNIA. PURSUANT TO THAT, WE WERE GIVEN NOTIFICATION THIS MORNING, LATE LAST NIGHT, EARLY THIS MORNING, MADE OFFICIAL AND WE HAVE A YEAR TO NOW ADDRESS THAT ISSUE. AND I CAN ASSURE YOU, BEGINNING LAST NIGHT, WE HAD AN ALL HANDS AND WE’RE IN THE PROCESS OF ADDRESSING ANY ANXIETY THAT MAY BE CREATED OR ANY MARKET DISRUPTION THAT MAY BE CREATED BY THAT ANNOUNCEMENT. TH
Valero tells state regulators it’s considering closing Benicia refinery, SF Chronicle reports
Updated: 7:18 PM PDT Apr 16, 2025
Valero has warned state regulators it is considering closing its Bay Area facility, according to a report from the SF Chronicle. Julie Johnson writes that Valero gave the California Energy commission notice on Wednesday that the refinery in Benicia, which is the sixth largest in California, could shut down by the end of April 2026. California Gov. Gavin Newsom spoke Wednesday morning about the response to the possible closure. “We have a year to address that issue, and I can assure you, we are all hands and are in the process of addressing any anxiety that may be created or any marked disruption that may be created by that announcement,” Newsom said.See more coverage of top California stories here | Download our app | Subscribe to our morning newsletter | Find us on YouTube here and subscribe to our channel
Valero has warned state regulators it is considering closing its Bay Area facility, according to a report from the SF Chronicle.
Julie Johnson writes that Valero gave the California Energy commission notice on Wednesday that the refinery in Benicia, which is the sixth largest in California, could shut down by the end of April 2026.
California Gov. Gavin Newsom spoke Wednesday morning about the response to the possible closure.
“We have a year to address that issue, and I can assure you, we are all hands [on deck] and are in the process of addressing any anxiety that may be created or any marked disruption that may be created by that announcement,” Newsom said.
See more coverage of top California stories here | Download our app | Subscribe to our morning newsletter | Find us on YouTube here and subscribe to our channel