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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