Tuesday, November 20, 2012
Delta Air Lines refinery
Delta Air Lines is starting up it's crude distillation unit at the 185,000 barrel-per-day refinery Monroe Energy unit in Trainer, Pennsylvania, Reuters report.
Monroe signed a three-year deal with BP to supply crude oil to the facility.
Delta expected to spend about USD $100 million to increase jet fuel production at the refinery to 52,000 bpd. Delta is the first US airline to buy an oil refinery, aiming to manage growing fuel costs.
The airline expects the refinery to reduce its annual fuel bill, which reached USD$12 billion last year, by USD $300 million.
Delta Air lines is doubling the profit during the third quarter of this year to more than one billion USD.
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Delta Air Lines refinery
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