• 6 minutes Saudis Threaten Retaliation If Sanctions are Imposed
  • 11 minutes Can the World Survive without Saudi Oil?
  • 15 minutes Saudis Pull Hyperloop Funding As Branson Temporarily Cuts Ties With The Kingdom
  • 5 hours WTI @ $75.75, headed for $64 - 67
  • 9 hours Saudi-Kuwaiti Talks on Shared Oil Stall Over Chevron
  • 10 mins The Dirt on Clean Electric Cars
  • 13 hours OPEC's No. 2 Producer Wants to Know How Buyers Use Its Oil
  • 2 hours Uber IPO Proposals Value Company at $120 Billion
  • 48 mins Closing the circle around Saudi Arabia: Where did Khashoggi disappear?
  • 3 hours U.N. About Climate Change: World Must Take 'Unprecedented' Steps To Avert Worst Effects
  • 9 hours UN Report Suggests USD $240 Per Gallon Gasoline Tax to Fight Global Warming
  • 6 hours COLORADO FOCUS: Stocks to Watch Prior to Midterms
  • 13 hours China Thirsty for Canadian Crude
  • 6 hours Nopec Sherman act legislation
  • 8 hours EU to Splash Billions on Battery Factories
  • 12 hours Who's Ready For The Next Contest?
Trump Threatens Iran’s Oil Clients

Trump Threatens Iran’s Oil Clients

Trump has directed yet another…

Why Is This Little-Known Element Up Over 300%

Why Is This Little-Known Element Up Over 300%

Element ‘’V’’, better known as…

Marathon To Pay $334.6 Million Settlement for Refinery Pollution

Marathon Refinery

Marathon Petroleum (NYSE: MPC) will pay almost $335 million to settle a dispute over refinery pollution across five US states, in addition to a $326,500 civil penalty, according to the Environmental Protection Agency (EPA) and U.S. Justice Department in statement on Thursday.

Under the agreement, Ohio-based Marathon Petroleum will reduce air pollution from the company’s refineries in five mid-west states.

Part of the agreement is for Marathon to install state-of-art Flare Gas Recovery Systems in its refineries in Illinois, Kentucky, Louisiana, Michigan, and Ohio that are designed to capture and recycle gasses currently sent to combustion devices—a measure that comes with a $319 million price tag.

Marathon also agreed to pay over $15 million on other projects that will reduce air pollution at three facilities, including $6 million to shut down a flare in its Detroit refinery and $9.5 million on various projects to reduce nitrogen oxide emissions at its Canton, Ohio, and Garyville, Louisiana, refineries.

The civil penalty assigned to Marathon of $326,500 pales in comparison to the pollution-reduction efforts outlined above.

Overall, the agreement is expected to reduce organic compounds, sulfur dioxide, and nitrogen oxides by approximately 1,037 tons per year.

“When companies like Marathon install state-of-the-art pollution controls, they reduce air pollution in some of our most vulnerable communities,” said Cynthia Giles, Assistant Administrator for EPA’s Office of Enforcement and Compliance Assurance. “By updating this agreement, we are furthering our commitment to protect communities across the Southeast and the Midwest, especially places like Detroit that are overburdened by pollution.”

Shares of MPC are up 0.52% as of Thursday afternoon.

By Julianne Geiger for Oilprice.com

More Top Reads From Oilprice.com:


x

Join the discussion | Back to homepage

Leave a comment

Leave a comment

Oilprice - The No. 1 Source for Oil & Energy News