MOSCOW (MRC) -- Marathon Petroleum on Nov. 2 said it was "pursuing strategic alternatives" for its Kenai, Alaska, refinery and its related operations "which could include a sale" as it looks to optimize its portfolio, reported S&P Global with reference to the company' statement.
The refinery is located on Cook Inlet, about 60 miles southwest of Anchorage.
It was acquired by Marathon with its acquisition of fellow refiner Andeavor in 2018.
The plant processes mainly Alaska domestic crude such as Alaska North Slope as well as some international crudes, primarily Russian Sokol.
As MRC informed earlier, in May, 2021, US refiner Marathon Petroleum Corp said its board had approved the conversion of the Martinez refinery in California to a renewable diesel plant. Besides, the company made a final investment decision regarding this project. Martinez, once complete, will be one of the largest renewables facilities in the country.
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 1,868,160 tonnes in the first nine months of 2021, up by 18% year on year. Shipments of all grades of ethylene polymers increased. At the same time, PP shipments to the Russian market were 1,138,510 tonnes in the first nine months of 2021, up by 30% year on year. Supply of propylene homopolymer (homopolymer PP) and block-copolymers of propylene (PP block copolymers) increased, whereas supply of injection moulding PP random copolymers decreased significantly.
Marathon Petroleum Corporation (MPC) is a leading, integrated, downstream energy company headquartered in Findlay, Ohio. The company operates the nation's largest refining system. MPC's marketing system includes branded locations across the United States, including Marathon brand retail outlets.