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.
For the latest chemical news, data and analysis that directly impacts your business sign up for a free trial to ICIS news - the breaking online news service for the global chemical industry.
Get the facts and analysis behind the headlines from our market leading weekly magazine: sign up to a free trial to ICIS Chemical Business.
|ICIS news FREE TRIAL|
|Get access to breaking chemical news as it happens.|
|ICIS Global Petrochemical Index (IPEX)|
|ICIS Global Petrochemical Index (IPEX). Download the free tabular data and a chart of the historical index|
Asian Chemical Connections