MPC's Martinez Facility seen at Nameplate Capacity Yr End


   
   OAKHURST, N.J. (DTN) --- Marathon Petroleum Corp. expects to ramp up the 
Martinez, California, renewables facility to full nameplate capacity by the end 
of 2024, President Maryann Mannen said during today's first quarter earnings 
call.

   Mannen said Martinez is "operating at about 50%" of the 48,000-bpd nameplate 
capacity and is expected to continue at that level for the second quarter.

   The facility had a heater tube failure in November and the company continues 
to work with all regulators to align on necessary repairs and ensure safe, 
reliable operations going forward.

   Mannen furthered that "somewhere mid third quarter" the company expects to 
see capacity at Martinez increase to about 75% of nameplate capacity with full 
ramp-up by year-end.

   During the call, John Quaid, chief financial officer, said planned 
turnaround expense for the second quarter is expected to be approximately $200 
million with activity primarily in the Mid-Con region. The company projects 
higher throughput volumes of nearly 2.8 million bpd during the quarter with 
"significant first quarter turnaround activity" behind them.

   Quaid said operating costs for the quarter are projected at $4.95 bbl, 
reflecting the benefit of the company's refining system near full utilization 
and lower expected operating costs.

   In its earnings report, MPC reported its 2024 capital spending plan includes 
executing on a multiyear infrastructure investment at its Los Angles refinery 
and the construction of a 90,000-bpd distillate hydrotreater at its Galveston 
Bay refinery.

   In addition to these large projects, MPC is executing on smaller projects 
that offer high returns targeted at enhancing refinery yields, improving 
efficiency, and lowering costs.




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