Marathon: Martinez Renewables to reach 100% capacity by year-end
April 30, 2024
BY Erin Voegele
Marathon Petroleum Co. on April 30 confirmed the Martinez Renewable Fuels biorefinery in California is currently operating at 50% capacity, but said the facility is expected to ramp up to 100% capacity by the end of the year.
Offcials at Marathon briefly discussed operations at the Martinez biorefinery during the company’s first quarter earnings call, held April 30. The facility, previously a Marathon oil refinery, was converted to a renewable diesel biorefinery via a 50/50 joint venture between Marathon and Neste Corp. that was announced in 2022.
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The Martinez Renewables facility began operations in early 2023. The facility is currently operating at approximately 50% nameplate capacity following a fire that occurred in late 2023. During the April 30 earnings call, Marathon President Maryann Mannen said the company is continuing to work with regulators to along on what repairs are necessary and ensure safe, reliable operations moving forward. She said the facility is expected to continue operating at 50% capacity during the second quarter. Mid-third quarter, operations are expected to ramp up to 75% capacity, with the facility expected to reach full capacity of 48,000b barrels per day by the end of the year.
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Calumet Inc. on May 9 announced sustainable aviation fuel (SAF) capacity at its Montana Renewables biorefinery is expected to reach 120 MMgy to 150 MMgy sooner than previously reported for a fraction of the originally expected cost.
Tidewater Renewables on May 8 announced that its 3,000-barrel-per-day renewable diesel plant in Prince George, British Columbia, operated at 75% capacity during the first quarter, up from 71% during the same period of last year.
Aemetis Inc. released Q1 results on May 8, reporting increased biogas production, progress with efficiency improvements at the Keyes ethanol plant, and resumed biodiesel deliveries. Financing activities are also underway for a proposed SAF project.
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Marathon Petroleum Corp. on May 6 reported improved first quarter EBITDA for its renewable diesel segment on increased utilization of its facilities, particularly the Martinez biorefinery in California, and higher margins.
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