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DEPARTMENT OF COMMERCE Foreign-Trade Zones Board [Docket 54-96] Foreign-Trade Zone 142--Camden, New Jersey Application for Subzone Status Coastal Eagle Point Oil Company (Oil Refinery Complex) Westville, New Jersey
An application has been submitted to the Foreign-Trade Zones Board (the Board) by the South Jersey Port Commission, grantee of FTZ 142, requesting special-purpose subzone status for the oil refinery complex of Coastal Eagle Point Oil Company (wholly-owned subsidiary of Coastal Corporation), located in Gloucester County (Westville area), New Jersey. The application was submitted pursuant to the provisions of the Foreign-Trade Zones Act, as amended (19 U.S.C. 81a-81u), and the regulations of the Board (15 CFR part 400). It was formally filed on June 25, 1996.
The refinery complex (130,000 BPD, 377 employees) is located at a 1,000-acre site on the Delaware River at U.S. Route 130 South, Gloucester County (Westville area), New Jersey, some 10 miles south of Philadelphia.
The refinery produces fuels and petrochemical feedstocks. Fuels produced include gasoline, jet fuel, kerosene, distillates and residual fuels. Petrochemical feedstocks and refinery by-products include butane, propane, benzene, toluene, xylene, propylene, cumene, sulfur, petroleum coke and asphalt. All of the crude oil (85 percent of inputs) and some feedstocks and motor fuel blendstocks used in producing fuel products are sourced abroad.
Zone procedures would exempt the operations involved from Customs duty payments on the foreign products used in its exports. On domestic sales, the company would be able to choose the finished product duty rate (nonprivileged foreign status--NPF) on certain petrochemical feedstocks and refinery by-products (duty-free) instead of the duty rates that would otherwise apply to the foreign-sourced inputs (e.g., crude oil, natural gas condensate). The duty rates on crude oil range from 5.25 cents/barrel to 10.5 cents/barrel. The application indicates that the savings from zone procedures would help improve the refinery's international competitiveness.
In accordance with the Board's regulations, a member of the FTZ Staff has been designated examiner to investigate the application and report to the Board.
Public comment is invited from interested parties. Submissions (original and 3 copies) shall be addressed to the Board's Executive Secretary at the address below. The closing period for their receipt is September 6, 1996. Rebuttal comments in response to material submitted during the foregoing period may be submitted during the subsequent 15- day period (to Septmeber 23, 1996).
A copy of the application and accompanying exhibits will be available for public inspection at each of the following locations: U.S. Department of Commerce, Export Assistance Center, Bldg. #6, Suite 100, 3131 Princeton Pike, Trenton, New Jersey 08648. Office of the Executive Secretary, Foreign-Trade Zones Board, Room 3716, U.S. Department of Commerce, 14th & Pennsylvania Avenue, NW, Washington, DC 20230.
Dated: June 27, 1996. John J. Da Ponte, Jr., Executive Secretary. [FR Doc. 96-17280 Filed 7-5-96; 8:45 am]