U.S. Refiners Give Updates on Renewable Diesel Projects

August 5, 2022–Researched by Industrial Info Resources (Sugar Land, Texas)–At least three U.S. refiners included updates on their renewable diesel projects in their second-quarter earnings reports.

The latest of these was Marathon Petroleum Corporation (NYSE:MPC) (Findlay, Ohio), which delivered its earnings results on Tuesday. The company gave a progress report on its $1.2 billion Martinez Refinery renewable fuels project in the East Bay region of the San Francisco Bay Area of California. The conversion project will breathe new life in the 161,000-barrel-per-day (BBL/d) refinery, which was closed in April 2020 following COVID-induced demand for refined products.

Marathon said the final environmental report on the project was certified on May 3 by the Contra Costa County Board of Supervisors. Also, the Bay Area Air Quality Management District posted an air quality permit for the project on July 22, kicking off a 30-day public comment period.

Other companies featured: PBF Energy Incorporated (NYSE:PBF), Valero Energy Corporation (NYSE:VLO)
Source: industrialinfo.com
U.S. Refiners Give Updates on Renewable Diesel Projects