Golden opportunity to purchase existing oil refinery situated on 171. 8 acres of land located near Houston, Texas.
The refinery can produce 45, 000 bpd Gasoline (3grades), Jet Fuel, Diesel. Refinery was shut down in 1986 due to the severe downturn in oil industry know as Oil Bust of 1986.
After shut down refinery provided storage and blending services for a while, but never put back into refining operation.
The refinery also has 35 tanks, which comprise a total storage capacity of 910, 000 barrels. The facility is situated on 171. 8 acres of property out of which approximately 120 acres of land are undeveloped and can be utilized for expansion to build a larger refinery.
The refinery has current value of $55. 5 Million in its current idle condition. The refinery located in close proximity to two crude oil pipelines that can deliver up to 120, 000 BPD as well as three production pipelines that can deliver product as far away as Ohio, Chicago and N
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