Plastics Reclamation Plant Liquidation
Sortation, Grinding, Washing and Starlinger Equipment For Sale
Equipment sold individually
Bids accepted first come, first served basis.
Subject to prior sale.
All offers due by Nov. 7
Click here for pictures and detailed equipment list
Contact David for additional information at 1-630-235-8171
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Marathon Petroleum starts up condensate, natural gasoline Cornerstone pipeline
HOUSTON, October 27, 2016 (PCW) – Marathon Petroleum on Thursday said it has brought its Cornerstone Pipeline online this month. The pipe moves condensates and natural gasoline from the Marcellus and Utica shales to its 80,000 b/d refinery in Canton, Ohio.
The project’s cost was $250 million. The pipeline moves natural gasoline and condensate through a 16-inch-diameter, 42-mile-long pipeline from Cadiz to storage tanks near East Sparta, both in Ohio. That section of the pipeline will be able to transport 180,000 b/d. From East Sparta, an 8-inch-diameter pipe will move 45,000 b/d of condensate to the Canton refinery.
Marathon Petroleum had previously used trucks to move liquids and condensate to and from its Canton refinery; about 100 condensate trackers move product from it every day.
Marathon on Thursday also reported 3Q net income of $145 million, down 84.7% from the $948 million seen in 3Q 2015. The lower earnings were due to lower crack spreads, compressed product price realizations and a $267 million impairment charge from the tabled Sandpiper Pipeline project, which would have moved Bakken crude to Enbridge’s terminal in Clearbrook, Minnesota. -- Samantha Hartke