Sunoco 2010 Annual Report Download - page 62

Download and view the complete annual report

Please find page 62 of the 2010 Sunoco annual report below. You can navigate through the pages in the report by either clicking on the pages listed below, or by using the keyword search tool below to find specific information within the annual report.

Page out of 136

  • 1
  • 2
  • 3
  • 4
  • 5
  • 6
  • 7
  • 8
  • 9
  • 10
  • 11
  • 12
  • 13
  • 14
  • 15
  • 16
  • 17
  • 18
  • 19
  • 20
  • 21
  • 22
  • 23
  • 24
  • 25
  • 26
  • 27
  • 28
  • 29
  • 30
  • 31
  • 32
  • 33
  • 34
  • 35
  • 36
  • 37
  • 38
  • 39
  • 40
  • 41
  • 42
  • 43
  • 44
  • 45
  • 46
  • 47
  • 48
  • 49
  • 50
  • 51
  • 52
  • 53
  • 54
  • 55
  • 56
  • 57
  • 58
  • 59
  • 60
  • 61
  • 62
  • 63
  • 64
  • 65
  • 66
  • 67
  • 68
  • 69
  • 70
  • 71
  • 72
  • 73
  • 74
  • 75
  • 76
  • 77
  • 78
  • 79
  • 80
  • 81
  • 82
  • 83
  • 84
  • 85
  • 86
  • 87
  • 88
  • 89
  • 90
  • 91
  • 92
  • 93
  • 94
  • 95
  • 96
  • 97
  • 98
  • 99
  • 100
  • 101
  • 102
  • 103
  • 104
  • 105
  • 106
  • 107
  • 108
  • 109
  • 110
  • 111
  • 112
  • 113
  • 114
  • 115
  • 116
  • 117
  • 118
  • 119
  • 120
  • 121
  • 122
  • 123
  • 124
  • 125
  • 126
  • 127
  • 128
  • 129
  • 130
  • 131
  • 132
  • 133
  • 134
  • 135
  • 136

The Company’s 2011 planned capital expenditures consist of $330-$380 million for income improvement
projects; $231-$251 million for infrastructure spending; $50 million for turnarounds at the Company’s refineries;
and $98 million for environmental projects. The $330-$380 million of outlays for income improvement projects
consist of $100-$150 million related to committed growth opportunities in the Logistics business; $162 million
towards construction of cokemaking facilities in Middletown, OH; $40 million for the purchase of Harold Keene
Coal Co., Inc.; $12 million for a coal expansion project at the Jewell facility; and $16 million for various other
income improvement projects primarily in Retail Marketing.
The Company’s 2010 capital outlays consisted of $367 million for income improvement projects; $268
million for acquisitions; $203 million for infrastructure spending; $105 million for turnarounds at the Company’s
refineries; and $97 million for environmental projects. The $367 million of outlays for income improvement
projects consisted of $146 million related to growth opportunities in the Logistics business; $177 million towards
the construction of a cokemaking facility in Middletown, OH; $24 million at the ethanol manufacturing facility
in New York which started up in June 2010; and $20 million for various other income improvement projects
primarily in Retail Marketing. The $268 million of outlays for acquisitions related to the purchase by the
Logistics business of a butane blending business and the acquisition of additional ownership interests in pipeline
joint ventures and the acquisition of 25 retail locations in central and northern New York.
The Company’s 2009 capital outlays consisted of $439 million for income improvement projects; $50
million for acquisitions; $216 million for infrastructure spending; $68 million for turnarounds at the Company’s
refineries; $111 million for projects at the Philadelphia and Toledo refineries under the 2005 Consent Decree;
and $65 million for other environmental projects. The $439 million of outlays for income improvement projects
consisted of $71 million related to the $200 million project at the Philadelphia refinery to increase
ultra-low-sulfur-diesel fuel production capability; $143 million related to growth opportunities in the Logistics
business, including amounts attributable to projects to increase crude oil storage capacity at the Partnership’s
Nederland terminal and to add a crude oil pipeline which connects the terminal to Motiva Enterprise LLC’s Port
Arthur, TX refinery; $184 million towards construction of cokemaking facilities in Granite City, IL and
Middletown, OH; and $41 million for various other income improvement projects. The $50 million of outlays for
acquisitions related to the purchase by the Logistics business of a crude oil pipeline in Oklahoma and a refined
products terminal in Michigan.
The Company’s 2008 capital outlays consisted of $540 million for income improvement projects; $185
million for acquisitions; $300 million for infrastructure spending; $90 million for turnarounds at the Company’s
refineries; $258 million for projects under the 2005 Consent Decree; and $98 million for other environmental
projects. The $540 million of outlays for income improvement projects consisted of $94 million related to the
project at the Philadelphia refinery to increase ultra-low-sulfur-diesel fuel production capability; $11 million for
other refinery upgrade projects; $118 million related to growth opportunities in the Logistics business; $85
million towards construction of a $269 million expansion of the Haverhill, OH cokemaking facility and an
associated cogeneration power plant; $211 million towards construction of cokemaking facilities in Granite City,
IL and Middletown, OH; and $21 million for various other income improvement projects in Retail Marketing.
The $185 million of outlays for acquisitions related to the purchase by the Logistics business of a refined
products pipeline system and related storage facilities located in Texas and Louisiana.
54