Marathon Petroleum Corp. on Oct. 31 reported that the renewable diesel three way partnership at its Martinez refinery in California is anticipated to be working at its full 730 MMgy capability by the top of the yr.
Mike Hennigan, CEO of Marathon, mentioned the undertaking and Marathon’s different renewable initiatives through the firm’s third quarter incomes name.
The Martinez undertaking is being developed in partnership with Neste. The biorefinery reached full Part I manufacturing capability of 260 million gallons per yr through the first quarter of 2023. Part II actions so as to add a feedstock pretreatment unit and increase capability to 730 MMgy started earlier this yr.
“The Martinez renewable gasoline facility is being delivered safely, on time, and on funds—and by the top of 2023, the power is anticipated to provide 730 million gallons per yr,” Hennigan mentioned through the earnings name. “At that time, Martinez can be among the many largest renewable diesel services, with a aggressive working profile, strong logistics flexibility, and advantaged feedstock slate, and will profit from the worldwide strategic relationship with Neste.”
Hennigan additionally famous the corporate’s 180 MMgy renewable diesel facility in Dickinson, North Dakota, is working properly. “The power processed 75 % advantaged feeds through the third quarter,” he mentioned. The close by Spiritwood soybean processing plant, developed by way of a three way partnership with ADM, is nearing completion and is anticipated to ship sufficient vegetable oil to provide roughly 75 MMgy of renewable diesel.
Along with Marathon’s actions within the renewable diesel area, Hennigan mentioned the corporate can also be advancing early-stage developments by way of its pursuits in low carbon depth renewable pure gasoline (RNG) and different small-scale investments. He mentioned these tasks will assist decrease the carbon depth of the corporate’s operations and the merchandise it provides.
Marathon in March acquired a 49.9 % curiosity in LF Bioenergy, and rising U.S.-based RNG producer. Dave Heppner, senior vice chairman of technique and enterprise improvement at Marathon, commented on the LF Bioenergy acquisition through the earnings name, noting the corporate at the moment plans to construct out 13 dairy RNG tasks.
