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Stock Market & Financial Investment News

News Breaks
July 21, 2014
16:46 EDTTSOTesoro to launch new petrochemical feedstock project
Tesoro announced plans to produce petrochemical feedstock in its U.S. West Coast refining system. The company intends to gather intermediate feedstock, primarily reformate, from its West Coast refining system for xylene extraction at Anacortes, Washington. The initial investment, estimated to be around $400M, is designed to recover up to 15K barrels per day of mixed xylene. The mixed xylene will mainly be exported to Asia and is used to make polyester fibers and films for clothing, food packaging and beverage containers. The project is expected to generate competitive returns similar to other recent capital projects by Tesoro. Startup of the new facilities is expected to be in 2017. A final investment decision is expected by year-end.
News For TSO From The Last 14 Days
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October 13, 2014
11:23 EDTTSOStocks with call strike movement; APC TSO
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