The refinery, which can process more than 250,000 barrels of crude a day, was shut on Aug. 28, the day before Isa slammed into southeast Louisiana with ferocious winds and drenching rains. A 9-foot wall of water punched a hole in the refinery’s protective levee and inundated the plant.
The damages may complicate Phillips 66’s efforts to find a buyer for an asset it was trying to unload before the storm because of “market conditions and the evolving energy landscape.”
Meanwhile, Royal Dutch Shell Plc’s refinery and chemical plant north of the city will remain shut for several more weeks so repairs can be performed, people familiar with the operation said. Damages from Ida included wrecked pipes and insulation torn away by the winds.