Marathon discusses renewables projects during Q3 earnings call

SOURCE: Marathon Petroleum Corp.

November 3, 2021

BY Erin Krueger

Mike Hennigan, CEO of Marathon Petroleum Corp., provided an update of the company’s renewables fuels initiatives, including it refinery conversion projects and a feedstock joint venture formed with ADM, during a third quarter earnings call held Oct. 2.

Hennigan said the joint venture with ADM will own and operate a soybean processing complex in Spiritwood, North Dakota. The companies previously announced ADM will own 75 percent of the joint venture, with Marathon owning the remaining 25 percent. Once complete in 2023, that complex is expected to produce approximately 600 million pounds of refined soybean oil annually, enough feedstock to produce approximately 75 million gallons of renewable diesel per year. Hennigan said the complex will provide locally advantaged feedstock for the company’s refinery in Dickinson, North Dakota. That 180 MMgy renewable diesel plant began producing at full capacity earlier this year.   

Hennigan also noted that development is progressing on a project to convert the company’s refinery in Martinez, California, to renewable diesel production. The environmental impact report for that conversion project was released for public comment in mid-October, he added. 

Also in October, sustainable aviation fuel (SAF) produced by Marathon’s wholly owned subsidiary Virent was used to fuel a United Airlines test flight, according to Hennigan. That successful test flight was performed on a 737 for 90 minutes using 100 percent SAF, he added.

Advertisement

Advertisement

 

 

Advertisement

Advertisement

Related Stories

The U.S. EPA on July 8 hosted virtual public hearing to gather input on the agency’s recently released proposed rule to set 2026 and 2027 RFS RVOs. Members of the biofuel industry were among those to offer testimony during the event.

Read More

The USDA’s Risk Management Agency is implementing multiple changes to the Camelina pilot insurance program for the 2026 and succeeding crop years. The changes will expand coverage options and provide greater flexibility for producers.

Read More

EcoCeres Inc. has signed a multi-year agreement to supply British Airways with sustainable aviation fuel (SAF). The fuel will be produced from 100% waste-based biomass feedstock, such as used cooking oil (UCO).

Read More

The USDA’s National Agricultural Statistics Service on June 30 released its annual Acreage report, estimating that 83.4 million acres of soybeans have been planted in the U.S. this year, down 4% when compared to 2024.

Read More

SAF Magazine and the Commercial Aviation Alternative Fuels Initiative announced the preliminary agenda for the North American SAF Conference and Expo, being held Sept. 22-24 at the Minneapolis Convention Center in Minneapolis, Minnesota.

Read More

Upcoming Events

Sign up for our e-newsletter!

Advertisement

Advertisement