Subscribe
Published

Marathon Petroleum to Purchase BP's Texas City Refinery

Marathon Petroleum Corp. (MPC) today announced it has signed a definitive agreement to purchase BP's 451,000 barrel per calendar day (475,000 barrel per stream day) Texas City refinery, three intrastate NGL pipelines originating at the refinery, an allocation of BP's Colonial Pipeline Company shipper history, four terminals, retail marketing contract assignments for approximately 1,200 branded sites and a 1,040 megawatt cogeneration (cogen) facility.
#VMAnews

Share

Read Next

The BP Texas City refinery is one of the largest and most complex in the U.S., with a Nelson complexity index of 15.3. The facility is strategically positioned to provide products throughout the U.S. Gulf Coast, Midwest and Southeast, as well as into export markets. The refinery has the flexibility to process a wide range of crude oils, and has access to price-advantaged mid-continent and Canadian crudes via pipelines as well as waterborne cargoes. The cogen facility provides steam for the refinery and other local third-party facilities and the electric power for the refinery, selling any excess to the utility grid. In addition to the Texas City facilities, the transaction includes three intrastate NGL pipelines originating at the refinery, shipper history on Colonial pipeline representing 50,000 barrels per day and light product terminals in Jacksonville, FL; Charlotte and Selma, NC; and Nashville, TN. The transaction also includes assignment of branded-jobber contracts supplying approximately 1,200 BP retail locations, representing approximately 64,000 bpd of gasoline sales, in the southeastern U.S.

RELATED CONTENT

  • Standards for Actuator/Gearbox Flanges

    “Many variations in valve and actuator dimensions and characteristics have come into play especially now that we have worldwide vendors,” said Paul Souza, training manager at AUMA Actuators in a presentation at the Valve Manufacturers Association Virtual Valve Forum in November 2020.

  • Virtual Valve Forum and Basics Event Draws Attendees from Across the Industry

    More than 200 people from across the valve industry participated virtually in the VMA Valve Forum and Valve Basics event, which included 4 days of presentations on technical, manufacturing, management and marketing, valves 101, and valve repair.

  • New Requirements for Actuator Sizing

    After decades of confusion, the American Water Works Association has created new standards for actuator sizing that clear up some of the confusion and also provide guidance on where safety factors need to be applied.

Resources

A Primer on Castings

An Overview of Butterfly Valves

Valve Basics: Electric Actuator Controls
Evaluating Standard Class Valve Castings

Evaluating Standard Class Valve Castings

Automation Breakthroughs Revolutionize Precision Machining for Complex Parts

The Fundamentals of Gate Valves