| 词条 | Commonwealth Oil Refining Company, Inc. |
| 释义 |
HistoryThe project started as part of Operation Bootstrap with the first unit being constructed in 1954. The company started operations in 1956.[3] Hugo David Storer Tavarez was one of the men in charge of seeing that CORCO became a reality. The financing for CORCO was provided by First Boston Corporation.[4] Location and businessThe refinery is located in an {{convert|800|acre|km2|adj=on}}{{citation needed|date=February 2018}} site. Its proximity to the Guayanilla bay made it ideal for the bulk import/export of chemicals it produced. By 1965 the company was a major producer of toluene, benzene, and xylene.[5] Regional impactCORCO represented an investment of $25 million and had the capacity to refine {{convert|23500|oilbbl|m3}} of oil daily.[6] The economic impact in the region was felt immediately, with lower unemployment rate being registered and higher standard of living. The refinery propelled related chemical industries to build in adjacent lands, and Phillips Puerto Rico, Peerless Petrochemicals, Caribbean Gulf Refining Co., and PPG Industries added large facilities next to CORCO, providing further employment in the region.[7] Caribe Nitrogen, Union Carbide were also located there.[8] The company created 8,000 direct jobs.[9] DemiseThe refinery bought most of its oil from Venezuela[10] and the 1970s Oil embargo shot up the price of crude oil imports to the United States, and thus Puerto Rico, and made it difficult for the company to be compete profitably against oil refineries in US, as the American refineries were able to soften the blow of higher crude prices by purchasing domestic (American) crude.[11] This reality led to a gradual closing of operations starting in 1974. After operating under bankruptcy laws for several years, the ailing company finally shut down in March 1982, with "devastating" economic results for the region.[12] Recent developmentsToday it functions as a terminal for the marine transportation and land-based storage of crude oil and petroleum products.{{citation needed|date=February 2018}} After the refinery ceased operations, an entity called Desarrollo Integral del Sur (South Integral Development) began developing a long-term plan for the reuse of the lands and properties in the area.[13] References1. ^{{cite web |title=Antigua CORCO |url=https://www.atlasobscura.com/places/antigua-corco |website=www.atlasobscura.com |publisher=Atlas Obscura}} 2. ^Narrating Memory: Discourses of Development and the Environment in a Puerto Rican Coastal Region. Ricardo Pérez, Eastern Connecticut State University, Department of Sociology, Anthropology and Social Work. Willimantic, Connecticut. USA. (Prepared for delivery at the 2001 meeting of the Latin American Studies Association, Washington, DC, September 6-8, 2001.) Page 7. Accessed 28 May 2018. 3. ^Carmelo Rosario Natal. Ponce En Su Historia Moderna: 1945-2002. Published by Secretaría de Cultura y Turismo of the Government of the Autonomous Municipality of Ponce. Ponce, Puerto Rico. 2003. p. 120. 4. ^{{cite web |url=http://bibliotecadigital.uprrp.edu/cdm4/item_viewer.php?CISOROOT=/ELM4068&CISOPTR=182&CISOBOX=1&REC=8|title=foto el mundo|publisher=bibliotecadigital.uprrp |accessdate=2009-10-04}} 5. ^Carmelo Rosario Natal. Ponce En Su Historia Moderna: 1945-2002. Published by Secretaría de Cultura y Turismo of the Government of the Autonomous Municipality of Ponce. Ponce, Puerto Rico. 2003. p. 120. 6. ^Narrating Memory: Discourses of Development and the Environment in a Puerto Rican Coastal Region. Ricardo Pérez, Eastern Connecticut State University, Department of Sociology, Anthropology and Social Work. Willimantic, Connecticut. USA. (Prepared for delivery at the 2001 meeting of the Latin American Studies Association, Washington, DC, September 6-8, 2001.) Page 1. Accessed 28 May 2018. 7. ^Puerto Rico Grieves Over The Loss Of Its Premier Statesman Four Months Short Of His 100th Birthday: Luis A. Ferre Aguayo (1904-2003). {{webarchive |url=https://web.archive.org/web/20131113170514/http://www.puertorico-herald.org/issues/2003/vol7n44/CBPRGrieves-en.html |date=November 13, 2013 }} Marialba Martinez. Caribbean Business. 30 October 2003. Retrieved 13 November 2013. 8. ^Carmelo Rosario Natal. Ponce En Su Historia Moderna: 1945-2002. Published by Secretaría de Cultura y Turismo of the Government of the Autonomous Municipality of Ponce. Ponce, Puerto Rico. 2003. p. 58. 9. ^Reinaldo E. Gonzalez Blanco. “El turismo Cultural en Ponce durante el Plan Ponce en Marcha, 1990-2000). p. 24. Ed. Neysa Rodrigues Deynes. 2018. Ponce, PR: Professional Editions. 10. ^Puerto Rico Grieves Over The Loss Of Its Premier Statesman Four Months Short Of His 100th Birthday: Luis A. Ferre Aguayo (1904-2003). {{webarchive |url=https://web.archive.org/web/20131113170514/http://www.puertorico-herald.org/issues/2003/vol7n44/CBPRGrieves-en.html |date=November 13, 2013 }} Marialba Martinez. Caribbean Business. 30 October 2003. Retrieved 13 November 2013. 11. ^Puerto Rico Grieves Over The Loss Of Its Premier Statesman Four Months Short Of His 100th Birthday: Luis A. Ferre Aguayo (1904-2003). {{webarchive |url=https://web.archive.org/web/20131113170514/http://www.puertorico-herald.org/issues/2003/vol7n44/CBPRGrieves-en.html |date=November 13, 2013 }} Marialba Martinez. Caribbean Business. 30 October 2003. Retrieved 13 November 2013. 12. ^Carmelo Rosario Natal. Ponce En Su Historia Moderna: 1945-2002. Published by Secretaría de Cultura y Turismo of the Government of the Autonomous Municipality of Ponce. Ponce, Puerto Rico. 2003. p. 120. 13. ^{{cite news|url=http://www.elnuevodia.com/rehabilitaranlosterrenosdelaantiguacorco-1499634.html|title=Rehabilitarán los terrenos de la antigua Corco |work=El Nuevo Día|author=Velázquez, Brunymarie|date=April 28, 2013}} External links
2 : Oil companies of Puerto Rico|Defunct oil companies |
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