Marathon expansion project in Louisiana to come online in 1Q 2014

01 August 2013 21:04  [Source: ICIS news]

HOUSTON (ICIS)--Marathon Petroleum expects to complete its diesel optimisation project at its Garyville refinery in Louisiana in the first quarter of 2014, a company executive said on Thursday.

The first phase of the project, which is a crude improvement diesel recovery project, is slated to finish in the third quarter of this year.

The subsequent hydrocracker expansion will conclude in 2014.

“It’s a revamp of our big plant that we put on because we could see some low-hanging fruit,” said Marathon’s CEO Gary Heminger during the company’s second quarter earnings conference call.

Furthermore, the company recently obtained a permit to increase its processing capacity from 180,000 bbl/day to 290,000 bbl/day, according to Heminger.

Marathon previously announced that the project would cost $250m (€188m) over four years.

($1 = €0.75)

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By: Anna Matherne
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