Consultant predicts Chevron refinery will close

Renewable energy goals, new EPA rules and thin profits add pressure, he says

By Alan Yonan Jr.

POSTED: 01:30 a.m. HST, Jan 17, 2013

~~<p>Chevron Corp. will likely follow Tesoro Corp.'s lead and close its Campbell Industrial Park refinery within a few years as the environment to do business in Hawaii becomes more difficult, an East-West Center energy expert said Wednesday.</p>
<p>If both of Hawaii's refineries are closed, the state would have to import 100 percent of its gasoline and other refined products, a shift that would not affect consumer prices, said Fereidun Fesharaki, an East-West Center senior fellow and chairman of a global energy consulting firm.</p>
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Chevron Corp. will likely follow Tesoro Corp.'s lead and close its Campbell Industrial Park refinery within a few years as the environment to do business in Hawaii becomes more difficult, an East-West Center energy expert said Wednesday.

If both of Hawaii's refineries are closed, the state would have to import 100 percent of its gasoline and other refined products, a shift that would not affect consumer prices, said Fereidun Fesharaki, an East-West Center senior fellow and chairman of a global energy consulting firm. Login for more...