Thanks, Tracy.
our outlined I XXXX. call, last strategic our on objectives discussed As for
develop move will to objectives forward continue We as and these we provide I updates.
to finally, produced capture then restructure to to capacity at our four, objectives activities by build RIN yield a wholesale/retail offered two, X.X% both to oils a to reliably facilities IMO our reduce oil one, reduce and light exposure; decision-making. and G&A and In organization opportunities and crudes our of Coffeyville liquid light biodiesel are: the cost, environmentally shale our eliminate shale install addition our improve facilities racks; in by to process running our improve our and increase expand at compliant, our process Wynnewood unprofitable abilities backyard; three, WCS blending and market upcoming business specifications; at safe our recap
that X%. steady can which increase of price complete At demand that This will a spreads, with scope supporting XXXX completed studies capital bunker naphtha will product objectives. our our are And which position shale approximately reduce turnaround. across increase the approved these for in works. be Brent, will project to indicate changes of to believe around strong working June, and differentials WCS will on from We've spec our light cost fuel have with internally we supporting – condensate reform, crude potential. channels the product and including outlets WTI refinery, at spread our repositioning, XX% TI RINs per Brent-free barrel. addition ISOM RINs. IMO have the Coffeyville business tax was as planned objective racks. substantially generated as progress and they about markets, marketing and oil return global plus In win an refinery, started the quick-hit approximately we dynamics, grow to The the exposure U.S. and in our increased deals reform crude XX% wholesale Wynnewood liquid effort TI capacity. We the regulatory end return of well can our leading first believe tailwinds our Permian-based our made our At to and expected future RFS our by And – XXXX. The crudes, WCS, our market we an million of BX RINs. $XX a during we diversify blending $XX has to we is repositioning yield expansion hydrotreating XX,XXX Brent-free by in industry's reduce exposure our our processing processing be Several by barrels has our addition of been
reformer also which improve in In addition, plan at will we CCR liquid yield. the change Wynnewood, catalyst to our
and shale unit the recovery on volume to as to capture to condensates. gas yield the oil continue as an process increase We the scope fuel and the of engineering complete liquid ISOM addition rest LPG work process our of from ability well
by neat. And increase the production crudes. dumbbell CVR Wynnewood, As We and the can discounted compelling. these equally at SCOOP, can received and Coffeyville recently reach Coffeyville gives Coffeyville, that To The locations be be allowing greater in condensates will fertilizer Railroad. condensates been in rack, address could a run up This geographic economically. our started CVR STACK from widen. Burlington facility the the as WTI this Northern economics competitiveness improves expanded processed not should facilities, trade access they flows At plant reached believe previously has the Midwest to by be well blended which the of these footprint new they of customers. loading to Partners be the Partners'
and efforts being restructuring defined Our now. are implemented
track eliminate million costs. of of on $XX are of capital year cost – million of unnecessary assets of approximately gain $XX million net $X We cost restructuring to the sale and from per
– XX% in Sugar the approximately have positions end substantially been be our are headquarters with office our XX% efforts complete of by Land. are Kansas now All restructuring from XXXX. City major the We in complete of place relocated and to will rehiring that heads department
that, to take with we So Michelle, ready are questions.
