I am also very impressed with our Refinery team and their commitment to continuously improve and operate our facilities in a safe, reliable and environmentally responsible manner, while also volunteering in the community contributing their time and talent to be socially responsible.
This year, although we were still working through the COVID-19 pandemic’s impact on our company, we were fortunate to celebrate some significant successes. Anyone who knows the Torrance Refinery knows safety is at the heart of everything we do. I’m pleased to say, in 2022, we achieved our third year without a major process safety event. This year, we invested significantly on capital and maintenance projects to ensure mechanical reliability and compliance with agency regulations. We completed some major project work installing equipment to further reduce refinery emissions, and we also completed Turnaround maintenance activities throughout the year to upgrade and fix equipment to ensure safe and reliable operations. I’m happy to share our Refinery was the recipient in March of a Reliability Culture Improvement Award from the University of Tennessee.