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Tesoro to invest $400M in new petrochemical feedstock project

Jul. 21, 2014 4:59 PM ETAndeavor (ANDV) StockANDVBy: Carl Surran, SA News Editor
  • Tesoro (TSO) announces plans to produce petrochemical feedstock in its U.S. west coast refining system, gathering intermediate feedstock, primarily reformate, for xylene extraction at Anacortes, Wash.
  • An initial investment of ~$400M is designed to recover up to 15K bbl/day of mixed xylene, whose global market TSO says is growing 5%-7% annually, primarily driven by demand in Asia.

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