Tuesday, September 12, 2006

Oil and Gas: Louisiana proposes turning sugar farms into a refinery

There is an interesting article in the Gulf Times (Bloomberg) that details how Louisiana is proposing that crude-producing nations turn sugar cane farms into an oil refinery. The idea was proposed by Dane Revette, the state's director of energy development.

The Gulf Coast state has two existing refineries whose stakeholders include foreign oil companies - one from Venezuela and the other Saudi Arabia.

In an interview Revetted said "What we're interested in doing is seeing a refinery built in the US...Of course if one is going to be built, we'd like to see it built in Louisiana. We think it's the best place, essentially the place that a refinery can be built the quickest".

He said sugar cane farms could be used to site a refinery because they are situated near rivers, pipelines and rail lines

Kuwait is a frontrunner in the bid to build a new US refinery.