August 5, 2021
BY Erin Krueger
Marathon Petroleum Corp. announced progress with its renewable diesel projects during a second quarter earnings call, held Aug. 4. The company’s renewable diesel facility in North Dakota reached full capacity and conversion work is ongoing at the Martinez, California, refinery.
Mike Hennigan, president and CEO of Marathon Petroleum, confirmed that the company’s 180 MMgy renewable diesel plant in Dickinson, North Dakota, reached full design capacity during the second quarter. The facility had been ramping up production since late 2020.
Hennigan also said that the detailed engineering and permitting work for the Martinez conversion project is progressing. Based on the company’s progress and discussions with feedstocks suppliers, he said Marathon is confident that the facility will begin producing renewable diesel during the second half of next year with 260 MMgy of capacity. Fully capacity of approximately 730 MMgy is expected to be reached by the end of 2023, he added.
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NREL announced the findings of the Assessment of BQ-9000 Biodiesel Properties for 2024, the eighth in a series of annual reports documenting the quality of biodiesel from U.S. and Canadian producers participating in the BQ-9000 program.
Kintetsu World Express Inc. has entered into a new agreement with Shell Aviation regarding the use of SAF. Under this agreement, KWE will adopt Shell Aviation's digital platform "Avelia" to swiftly address shippers' low-carbon transportation needs.
Aemetis Inc. released Q2 results, reporting increase revenue when compared to Q1. During an earnings call, company officials detailed progress with the company’s RNG, ethanol, biodiesel, SAF and carbon CCS projects.
Calumet Inc. on Aug. 8 confirmed its Montana Renewables biorefinery is currently running at full capacity. An initial phase of the company’s MaxSAF initiative remains on track to boost SAF capacity to up to 150 MMgy by mid-2026.
Marathon Petroleum Corp. on Aug. 5 released second quarter financial results, reporting improved EBITDA for its renewable diesel segment. The company primarily attributed the improvement to increased utilization and higher margins.