Control Valve and Pressure Relief Valve technology
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

  • Solenoid Valves: Direct Acting vs. Pilot-Operated

    While presenting in a recent VMA Valve Basics 101 Course in Houston, I found myself in a familiar role: explaining solenoid valves (SOVs) to attendees. (I work with solenoids so much that one VMA member at that conference joked that I needed to be wearing an I Heart Solenoids t-shirt). During the hands-on “petting zoo” portion of the program, which involves smaller groups of attendees, one of the most frequently asked questions I get from people came up: What’s the difference between direct-acting and pilot-operated SOVs, and how do we make a choice?

  • Check Valves: The Most Important Valves in Your Process System

    Check valves, as critical as they are for flow system performance, often don’t receive the respect they are due, said Arie Bregman, vice president and general manager, DFT, Inc., in a recent VMA presentation.

  • 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.

Control Valve and Pressure Relief Valve technology

Resources

A Primer on Castings
Evaluating Standard Class Valve Castings

Evaluating Standard Class Valve Castings

Automation Breakthroughs Revolutionize Precision Machining for Complex Parts

Valve Basics: Electric Actuator Controls

An Overview of Butterfly Valves

The Fundamentals of Gate Valves