| Project Owner... |
Marathon Petroleum and Neste (Joint venture)
|
| Project name |
Martinez Renewable Fuels Facility
|
| Status |
operational
|
| Startup |
2022
|
| Country |
United States
|
| City |
Martinez
|
| State |
California
|
| Type |
TRL 9 Commercial
|
| Technology |
Hydrotreatment
|
| Technology additional information |
Converted petroleum refinery into renewable diesel facility
|
| Raw Material |
oilcrops, oils and fats
|
| Output 1 |
renewable diesel (HVO) (2,100,000 t/y
)
|
| Output additional information |
Renewable diesel and other renewable fuels - Capacity: Approximately 730 million gallons per year
|
| Total Investment |
USD 1,200,000,000
|
| Total Investment Explanation |
Estimated total project costs for Martinez remain at approximately US$1.2 billion. Neste’s total investment will amount to approximately EUR 0.9 billion (USD 1.0 billion), inclusive of half of the total project development costs projected through the completion of the project.
|
| Partners |
Through this joint venture, Neste will obtain a 50 percent interest in the Martinez Renewable Fuels project. he production output will be split evenly between the joint venture partners, and each partner will be responsible to market the products under its own brand and responsibility.
|
| Additional Information |
Production expected to come online in 2022 and ramp up to full capacity in 2023
|
|
https://www.marathonpetroleum.com/Operations/Renewable-Fuels/
|
Last Update: 2024-04-05 06:34:05