MOSCOW (MRC) -- Marathon Petroleum, the largest US refiner, can meet its supply commitments for now but is working to find alternative ways to ship motor fuels to the eastern United States if the Colonial Pipeline shutdown is extended, reported Reuters with reference to a company spokesman's statement.
"Marathon Petroleum is working with customers and other business partners to determine potential alternative logistics arrangements in the event of an extended shutdown of Colonial Pipeline," said Marathon spokesman Jamal Kheiry. "At this time, there is no impact to our ability to meet supply commitments."
Marathon operates the 585,000 barrel-per-day (bpd) Galveston Bay Refinery in Texas City, Texas, and the 578,000-bpd Garyville, Louisiana, refinery.
As MRC informed earlier, a cyberattack last week on Colonial's software shut the company's pipeline system, which moves 2.5 million barrels per day of gasoline, diesel and jet fuel to the eastern and southeastern United States.
We remind that most units were shut on Sunday night and Monday morning (15-16 February) at Marathon Petroleum Corp's 585,000 barrel-per-day Galveston Bay Refinery in Texas City, Texas, as temperatures plunged due to a Arctic cold front reaching the Gulf Coast. They resumed operations in the first half of March.
Ethylene and propylene are the main feedstocks for the production of polyethylene (PE) and polypropylene (PP), respectively.
According to MRC's ScanPlast report, Russia's estimated PE consumption totalled 576,270 tonnes in the first three month of 2021, up by 4% year on year. Low density polyethylene (LDPE) and high density polyethylene (HDPE) shipments increased. At the same time, PP shipments to the Russian market totalled 410,890 tonnes in January-March 2021, up by 56% year on year. Supply of homopolymer PP and PP block copolymers increased.