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Martinez refineries adjusting to coronavirus crisis

April 21, 2020 by Anant Jain

(Source: Martinez News-Gazette) Marathon Petroleum Corporation has announced it is transitioning its Martinez area refinery to “idle operating status” April 27 because of reduced fuel demands during the COVID-19 pandemic. Meanwhile, PBF Energy has sold five steam methane reformer (SMR) hydrogen production plants – two of which are on its Martinez campus – to Air Products and Chemicals for $530 million and is cutting capital spending by $240 million and its operating spending by another $125 million. Read full article…

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