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P66 Alliance Up for Sale

Posted on 9/4/21 at 5:35 pm
Posted by bgbam07
The Red Stick
Member since Oct 2013
207 posts
Posted on 9/4/21 at 5:35 pm
LINK

Sorry if this has already been posted...been busy with cleanup around the house post storm. Who do we think is the potential buyer? There was a pretty long thread when Convent was up for sale and then ultimately shuttered for the time being...
Posted by Turbeauxdog
Member since Aug 2004
24270 posts
Posted on 9/4/21 at 5:37 pm to
If convent wasn't bought I can't see alliance finding a buyer.
Posted by fightin tigers
Downtown Prairieville
Member since Mar 2008
77339 posts
Posted on 9/4/21 at 5:37 pm to
Flood sale
Posted by summersausage
Member since Jul 2010
2002 posts
Posted on 9/4/21 at 5:40 pm to
I’ve read that they have a buyer
Posted by Bow08tie
Louisiana
Member since Oct 2011
4545 posts
Posted on 9/4/21 at 5:40 pm to
The potential behind the scene buyer may have second thoughts...that facility had 5 ft. of water over the whole complex during the recent hurricane
Posted by bgbam07
The Red Stick
Member since Oct 2013
207 posts
Posted on 9/4/21 at 5:42 pm to
quote:

I’ve read that they have a buyer


Yes...the article says they have a buyer. Didn't know if anyone on here had any scuttlebutt on who that would be?
Many thought Motiva would purchase Convent on here and that hasn't held up yet...
Posted by Turbeauxdog
Member since Aug 2004
24270 posts
Posted on 9/4/21 at 5:43 pm to
quote:

I’ve read that they have a buyer



Good to hear.

To be fair that was said about convent for years.
Posted by Ed Osteen
Member since Oct 2007
59094 posts
Posted on 9/4/21 at 5:45 pm to
quote:

Many thought Motiva would purchase Convent on here and that hasn't held up yet...


It’s been a while but why would motiva buy convent if they got out of Norco?
Posted by shutterspeed
MS Gulf Coast
Member since May 2007
71567 posts
Posted on 9/4/21 at 5:52 pm to
P90x > P66
Posted by JasonL79
Houston area
Member since Jan 2010
6424 posts
Posted on 9/4/21 at 6:36 pm to
When I worked there a few year back, there was a rumor they were shopping the refinery around. That was 7-8 years ago.
Posted by PassingThrough
Member since Sep 2021
2622 posts
Posted on 9/5/21 at 9:18 pm to
Isn't this the one that also has a heavy oil spill into Mississippi after the levee failed? Also, how can they not know who owns the pipe that was broken and is leaking? It seems to me any company would have a pretty damn good idea pretty quickly if the flow rates were dropping due to a leak, even a relatively small one.
Posted by Privateer 2007
Member since Jan 2020
7951 posts
Posted on 9/5/21 at 9:34 pm to
quote:

why would motiva buy convent if got out of Norco


Motiva was a JV that broke up.
Saudis took Port Arthur shell took convent and Norco.

I think that's how it went.
Posted by notiger1997
Metairie
Member since May 2009
61620 posts
Posted on 9/5/21 at 9:38 pm to
You are correct about the joint venture.

But I’m also surprised that Motiva didn’t buy up some refineries in the last three years after the split. Especially before Covid
Posted by TigerTatorTots
The Safeshore
Member since Jul 2009
82148 posts
Posted on 9/5/21 at 10:22 pm to
Pretty sure She’ll is going to repurpose the convent refinery to some other type of facility
Posted by 2 Jugs
Saint Amant
Member since Feb 2018
2328 posts
Posted on 9/6/21 at 1:51 pm to
quote:

why would motiva buy convent if they got out of Norco?


The Convent site is strictly a refinery.

The Norco site has both refining and chemical on site and is so intertwined that it can not be divided up easily. Shell owned the chemical and Motiva(Royal Dutch and Saudi Aramco) owned the refinery. I designed several custody transfer stations for transfer from chemical to refining and vice versa.
Posted by doublecutter
Member since Oct 2003
7087 posts
Posted on 9/6/21 at 2:02 pm to
Gonna show my age, but I remember when it was Gulf Alliance.
Posted by CitizenK
BR
Member since Aug 2019
14877 posts
Posted on 9/6/21 at 7:26 pm to
I sold a 20MW GE steam turbine generator to them in the late 80's when it was owned by BP
Posted by Strannix
C.S.A.
Member since Dec 2012
53373 posts
Posted on 9/6/21 at 7:30 pm to
Bet that was a nice score
Posted by CitizenK
BR
Member since Aug 2019
14877 posts
Posted on 9/7/21 at 8:00 am to
For the company which employed me it sure was. They came from the first municipal waste to energy plant which was on Long Island and had only run for 6 months, then turned regularly for over 10 years. Cost was removal and storage, sold a year later. I have never heard the F word used for every word in a sentence until I went up there to oversee the rigging crew load it onto trucks. They were all from Brooklyn.
Posted by soccerfüt
Location: A Series of Tubes
Member since May 2013
73798 posts
Posted on 9/7/21 at 8:08 am to
quote:

Gulf Alliance
That’s what I always called it and still think of it as.

I don’t do business with it so it’s just a geographical waypoint for me.
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