Marathon Petroleum to convert Martinez refinery into terminal facility

Published by Nicholas Woodroof, Editor
Tanks and Terminals, Monday, 03 August 2020 08:45

Marathon Petroleum (MPC) has announced that it is to indefinitely idle its refineries in Martinez, California, and Gallup, New Mexico, with no plans to restart normal operations.

In a statement the company said that as part of these changes, Martinez will be converted to a terminal facility. It is evaluating the strategic repositioning of Martinez to a renewable diesel facility, which aligns with California’s Low Carbon Fuel Standards objectives and MPC’s greenhouse gas reduction targets.

The company expects to begin a phased reduction of staffing levels in October.

Read the article online at: https://www.tanksterminals.com/terminals/03082020/marathon-petroleum-to-convert-martinez-refinery-into-terminal-facility/

Consortium led by Mason Capital Management LLC to acquire CB&I from McDermott

Tuesday 08 October 2024 10:30

All cash equity transaction establishes CB&I as an independent company positioned for growth with no funded debt.

You might also like