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Marathon Warns Delta Variant May Dampen Refining Recovery

Marathon Warns Delta Variant May Dampen Refining Recovery

petroleum_refining

Industry Segment: Petroleum Refining | Word Count: 726 Words
Attachment: MPC2Q21

SUGAR LAND--August 5, 2021--Researched by Industrial Info Resources (Sugar Land, Texas)--Most Americans think of Thanksgiving and Christmas as their biggest holidays, but for the Petroleum Refining Industry, the happiest season arrives during peak summer travel. Marathon Petroleum Corporation (NYSE:MPC) (MPC) (Findlay, Ohio) was among the refining giants crossing their fingers in the second quarter for a "return to normal," as U.S. gasoline and diesel fuel demand all but reached pre-pandemic levels. But renewed concerns about the COVID-19 pandemic have taken the wind out of the industry's sails (or "sales," really) by potentially hampering road and air travel in the weeks to come. Industrial Info is tracking $6.75 billion in active projects from Marathon Petroleum, including nearly $2 billion worth under construction in the U.S.

Within this article: Details on some of MPC's highest-valued projects under construction, including its South Texas Asset Repositioning (STAR) program on the Texas Gulf Coast; upgrades to its refinery in Garyville, Louisiana; and major gas-processing projects from subsidiary MarkWest Energy Partners LP.

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