U.S. Refiners Give Updates on Renewable Diesel Projects

August 5, 2022--Researched by Industrial Info Resources (Sugar Land, Texas)--At least three U.S. refiners included updates on their renewable diesel projects in their second-quarter earnings reports.

The latest of these was Marathon Petroleum Corporation (NYSE:MPC) (Findlay, Ohio), which delivered its earnings results on Tuesday. The company gave a progress report on its $1.2 billion Martinez Refinery renewable fuels project in the East Bay region of the San Francisco Bay Area of California. The conversion project will breathe new life in the 161,000-barrel-per-day (BBL/d) refinery, which was closed in April 2020 following COVID-induced demand for refined products.

Marathon said the final environmental report on the project was certified on May 3 by the Contra Costa County Board of Supervisors. Also, the Bay Area Air Quality Management District posted an air quality permit for the project on July 22, kicking off a 30-day public comment period.

Other companies featured: PBF Energy Incorporated (NYSE:PBF), Valero Energy Corporation (NYSE:VLO)