Company Will Close Refinery in Santa Clarita
Newhall Refining Co., which operates an oil refinery in Santa Clarita, said it plans to suspend operations by year’s end, resulting in the layoff of about 70 people.
Newhall Refining, a unit of Pauley Petroleum of Los Angeles, said about 15 of its 86 employees will be offered jobs at Pauley’s other refining unit, Fletcher Oil & Refining Co. in Carson. The rest will be laid off, it said.
The Santa Clarita refinery has suffered losses in recent years, and future demand for the refinery’s products--mostly liquid asphalt, fuel oil and jet fuel--appear “unlikely to reach sufficient levels to justify a resumption of operations in the near future,” Newhall Refining said.
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