The current expansion of the United States refineries has led the nation to become the undisputed king of the international energy market. To ensure the US continues on its upward trajectory, Marathon Petroleum, the largest US-based refiner, has selected Baker Hughes as the preferred supplier of essential downstream chemicals for Marathon’s refineries across North America. This ensures a long-term relationship that benefits from the remarkable expansion of the US energy sector.
Upgrading and digitizing refinery operations is no small task for Marathon Petroleum
Refineries are the cornerstone of the international oil and gas sector, and have provided the world with the energy needed to advance technologies and the overall social well-being of the international community. As the world enters a new era led by the digital revolution, the question becomes, how do refiners and energy development operators integrate new technologies into their projects?
Upgrading and digitizing operations at refineries have become a necessity to keep up with the times and the ever-evolving energy industry. Baker Hughes is an independent energy technology solutions company with over a century of experience providing energy companies with the necessary technology for increased energy production, and has recently been selected by Marathon Petroleum as the preferred supplier of essential downstream chemicals at the company’s litany of refineries across North America.
Baker Hughes has become the backbone of the energy technology sector around the world
Over the company’s more than 100-year history, Baker Hughes has developed a portfolio of vital energy sector-focused solutions and technologies that have catapulted the company to the top of the proverbial energy mountain. The deal comes after a significantly long, previously established relationship between Baker Hughes and Marathon Petroleum, which has lasted for 30 years.
Marathon Petroleum has become the largest refiner in the United States
Marathon Petroleum has now officially gained the status as the largest refiner in the United States, and through the newly signed agreement with Baker Hughes, is preparing to ramp up production of essential energy resources at its refineries across North America.
The new deal provides Baker Hughes with the opportunity to integrate several of its state-of-the-art technologies at Marathon’s refineries across the North American continent. Some of the downstream technologies that Baker Hughes brings to the table are:
- XERIC™ heavy oil demulsifiers
- TOPGUARD™ corrosion inhibitors
- BIOQUEST™ renewable additives
- State-of-the-art digital monitoring tools and solutions
The new deal was signed during Baker Hughes’ 26th Annual Meeting in Florence, Italy, and establishes Baker Hughes as the multiyear preferred provider for downstream chemicals and technologies at Marathon’s 12 oil refineries and two renewable fuel facilities in the US.
As US refiners are planning a $1.3 billion investment in large-scale downstream projects this year, Baker Hughes has stepped up its game and now will provide the necessary upgrades and digitization of Marathon’s multitude of refineries across the North American market.
“Providing the energy that powers modern industry requires refiners to be flexible, efficient, reliable and sustainable. The solutions engineered by Baker Hughes are helping our customers meet that challenge. Baker Hughes has established itself as the leader in downstream chemicals, and our three decades of collaboration with Marathon Petroleum are a testament to the innovation, commitment and expertise of our team.” said Amerino Gatti, executive vice president, Oilfield Services & Equipment at Baker Hughes
New and exciting possibilities for energy developers have become the norm in the US
As the US market expands, thanks in no small part to the executive orders by the President, refineries will need to upgrade technologies and ensure a safe and reliable energy production to meet the anticipated demand for energy from the market. Outside of the US, nations have identified the need to upgrade refineries to expand domestic energy production and ensure energy security in the ever-volatile energy market this year.
