20 February 2013 00:16 [Source: ICIS news]
HOUSTON (ICIS)--Marathon Petroleum confirmed on Tuesday it will acquire benzene production from BP’s 475,000 bbl/day Texas City refinery in Texas on 1 March.
Financial terms were not disclosed.
The acquisition of the benzene production comes on the heels of Marathon’s recent acquisition of the Texas City refinery.
Although Marathon will keep the benzene production, BP’s Texas City chemicals complex next to the refinery will not be included in the sale.
BP has said the chemicals complex is an independent facility and is still a part of its global petrochemicals portfolio.
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