November 24, 2020
Business News

Marathon Petroleum Won’t Restart Two Idled Oil Refineries – Yahoo Finance

(Bloomberg) — Marathon Petroleum Corp, the largest U.S. independent oil refiner, said it wont restart two refineries in California and New Mexico amid concerns that demand for fuels is unlikely to return to pre-pandemic levels this year.
Marathon said in a statement it will convert its 166,000 barrel-a-day Martinez, California, refinery near San Francisco into a terminal facility and may add a renewable diesel plant to align with Californias Low Carbon Fuel Standards objectives and Marathons g…

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