LYCOS RETRIEVER 
Sunoco: Companies
built 656 days ago
OREGON -- "The new goal is to have changes enacted by mid-2008, 18 months ahead of Sunoco's earlier projected timetable of Dec. 31, 2009. Ohio Citizen Action, the Eastside-Oregon Environmental Group, the National Refinery Reform Campaign in San Francisco, and the Environmental Integrity Project in Washington had asked the Justice Department for a more aggressive timetable. Olivia Summons, Sunoco spokesman, said the company is committed to being a good neighbor. The combined $200 million investment will provide more job security and energy, she said," Tom Henry, Toledo Blade.
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BACKGROUND: A division of Suncor Energy, Sunoco is a wholly owned Canadian company that manufactures, distributes and markets transportation fuels, petrochemicals and heating fuels. The company sells about 1.5 billion liters of gasoline each year.
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Sunoco declined to predict when U.S. refining capacity will catch up with demand. Drosdick, the chief executive, would say only that the tight capacity that benefits his company will last at least three more years.
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With the high price of oil, it was a profitable 2005 for Sunoco. The company earned $974 million in net income on revenues of $33.7 billion, up from $25.5 billion in 2004.
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