Marathon to convert refinery to renewable fuels facility
Marathon Petroleum Corporation (MPC) has announced that it has approved plans to convert its Martinez refinery into a renewable fuels manufacturing facility.
Converting the California facility from refining petroleum to manufacturing renewable fuels signals MPC’s strong commitment to producing a substantial level of lower carbon-intensity fuels.
“Marathon Petroleum is focused on meeting the world’s growing energy needs and reducing its carbon emissions intensity,” MPC president and CEO Michael Hennigan said. “Converting the Martinez refinery to a renewable fuels facility is an important addition to our growing portfolio of renewables projects and aligns with our strategic priorities of strengthening the competitive position of our assets, implementing commercial strategy changes and strategically deploying our capital.”
The Martinez facility is expected to start producing renewable diesel in 2022, with a build to full capacity in 2023. Engineering work is under way and MPC has applied for relevant permits.
At full capacity, MPC expects the Martinez facility to produce about 730 million gallons per year of renewable fuels – predominantly renewable diesel – from such biobased feedstocks as animal fat, soybean oil and corn oil.
Renewable diesel has a significantly lower carbon footprint than petroleum diesel.
Converting the California facility from refining petroleum to manufacturing renewable fuels signals MPC’s strong commitment to producing a substantial level of lower carbon-intensity fuels.
“Marathon Petroleum is focused on meeting the world’s growing energy needs and reducing its carbon emissions intensity,” MPC president and CEO Michael Hennigan said. “Converting the Martinez refinery to a renewable fuels facility is an important addition to our growing portfolio of renewables projects and aligns with our strategic priorities of strengthening the competitive position of our assets, implementing commercial strategy changes and strategically deploying our capital.”
The Martinez facility is expected to start producing renewable diesel in 2022, with a build to full capacity in 2023. Engineering work is under way and MPC has applied for relevant permits.
At full capacity, MPC expects the Martinez facility to produce about 730 million gallons per year of renewable fuels – predominantly renewable diesel – from such biobased feedstocks as animal fat, soybean oil and corn oil.
Renewable diesel has a significantly lower carbon footprint than petroleum diesel.
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