05/19/2024

Exxon Mobil Scraps Plans for Temporary Fix to Damaged Torrance Refinery

Just when Southern California motorists were expecting to see some relief from high gasoline prices in the next few weeks, they now may have to wait well into next winter — at least.

Exxon Mobil Corp., still at loggerheads with air quality regulators over a short-term fix for the company’s damaged Torrance refinery, appears poised to build a new pollution-control system that meets antipollution specifications, several experts briefed on the matter said.

One of them, oil industry analyst Bob van der Valk, said he learned this week from people who knew about the plans that Exxon has decided to abandon short-term repairs and pursue a longer-term approach that would bring the plant back to full capacity in mid-February.

View Article