$598m cogeneration facility forms part of BP purchase

Marathon Petroleum Corporation announced this week that it has signed a definitive agreement to purchase BP's Texas City refinery in the US.

The purchase also involves three intrastate NGL pipelines, an allocation of BP's Colonial Pipeline Company shipper history, four terminals, retail marketing contract assignments for approximately 1,200 branded sites

In addition Marathon will  and a 1,040 MW cogeneration facility for $598 million.

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