Marathon Looks to Sustained Growth in 2022 as Global Oil Supply Tightens

SUGAR LAND--February 3, 2022--Researched by Industrial Info Resources (Sugar Land, Texas)--Marathon Petroleum Corporation's (NYSE:MPC) (Findlay, Ohio) fortunes are rising along with global demand for refined products. Along with Phillips 66 (NYSE:PSX) (Houston, Texas), Valero Energy Corporation (NYSE:VLO) (San Antonio, Texas) and other industry titans, Marathon notched up significant growth in utilization and throughput during 2021, following a year of demand destruction that left the industry questioning its future. Industrial Info is tracking more than $7.75 billion in active projects from Marathon Petroleum, including more than $1.8 billion worth under construction.

Within this article: Details on some of Marathon's highest-valued active projects, including the conversion of its Martinez Refinery near San Francisco, California, and the South Texas Asset Repositioning (STAR) program at its Galveston Bay and Texas City refineries, on the Texas Gulf Coast.