"The closure could cut hundreds of jobs and is expected to bruise the tax base of Benicia, a community anchored by the refinery that has also endured toxic pollution. But the company may replace its gas output with imports by ship, buffering California's fuel supply from potential shortages and price hikes, according to Newsom's office. It's unclear how much gasoline Valero plans to import, and the company has so far offered few answers."
"The change would require Valero to convert the site's port infrastructure, which currently receives crude, not refined, oil. Afterward, it probably employ far fewer workers there, according to one expert. Valero said in a statement on Tuesday it will idle the Benicia refinery by April. The refinery accounts for about 10% of California's crude oil capacity. The publicly-traded company first announced plans to close or idle the refinery in April 2025."
Valero announced plans to idle the Benicia refinery by April, a facility that represents about 10% of California's crude oil capacity. The closure could eliminate hundreds of jobs and reduce Benicia's tax base in a community that has endured toxic pollution. Valero may convert the site's port to receive gasoline imports by ship to help stabilize regional fuel supply and prices, though import volumes remain unclear. Converting the terminal would require handling refined product rather than crude and would likely employ far fewer workers. Gov. Gavin Newsom reportedly tried and failed to find a buyer.
Read at www.mercurynews.com
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