Top U.S. Refiner Evaluating Idle Phillips 66 Plant for Renewable Fuel - Sources
01.29.2022 By Ricardo Perez - NEWS

January 29, 2022 [Reuters] – Marathon Petroleum (MPC.N), the largest refiner in the United States, is evaluating a conversion of Phillips 66’s (PSX.N) Alliance, Louisiana, refinery into a renewable fuel plant, according to people familiar with the matter.

 

The two companies are scheduled to meet next week and tour the 255,600 barrel-per-day refinery, which has been idled since late August, a day before Hurricane Ida roared over the area and swamped the site.

Phillips 66 spokesperson Bernardo Fallas declined to comment.

Marathon spokesperson Jamal Kheiry said the company does not comment on “rumor or market speculation.”

It was unclear if Marathon was interested in acquiring the refinery or operating it through a joint venture with Phillips 66, one of the people said.

Phillips 66 said in November it would convert the Alliance refinery into an oil and refined products terminal to take advantage of its location on the Mississippi River, 20 miles (26 km) south of New Orleans.

Hurricane Ida caused flooding that breached the flood wall around the refinery and inundated control systems causing millions of dollars of damage to the facility.

At least three companies were potential buyers of the refinery before the hurricane struck. They included Hilcorp, Valero Energy (VLO.N) and Saudi Aramco’s Motiva Enterprises (MOTIV.UL), people familiar with the matter had said

Click Here to Access a 10,390 Tank Terminal Database With a Pro Trial

10,390 terminals as per the date of this article. Click on the button and register to get instant access to actionable tank storage industry data

No-shipping Zone Established In Baltic Sea After Nord Stream Gas Leak
10.05.2022 - NEWS
October 5 , 2022 [Safety 4 Sea] – Denmark imposed a no-shipping zone in Baltic Sea after Nord ... Read More
US EPA Revokes Permit For Oil Terminal Off Texas
10.05.2022 - NEWS
October 5 , 2022 [Safety 4 Sea] – The U.S. Environmental Protection Agency (EPA) has revoked th... Read More
Eesti Gaas CEO: Gas Market Competitiveness Needs Access to LNG Terminal
10.05.2022 - NEWS
October 5 , 2022 [ERR News] – The CEO of natural gas supplier Eesti Gaas, Margus Kaasik, says t... Read More
OPEC & Allies Alert to Changes in Crude Oil Market: Official
10.05.2022 - NEWS
October 5, 2022 [Ukranews] – The secretary general of the Organization of the Petroleum Exp... Read More