MOSCOW (MRC) — Following announcements at the Saudi-US CEO Forum earlier this week, Motiva Enterprises LLC confirms it has embarked on a growth journey to become the safest and most profitable downstream business in the US, said Hydrocarbonprocessing.
As a wholly owned affiliate of Saudi Aramco, Motiva is expected to be the primary focus of an estimated USD18-B growth effort throughout the Americas and is exploring opportunities to increase refining capacity, branch into chemicals, and expand its commercial operations, marketing and branded presence over the next 5 yr.
"With the joint venture separation behind us, there is a real sense of self-sufficiency at Motiva," said Dan Romasko, Motiva’s president and CEO. "Our employees have embraced the changing culture, which has turned Motiva into a more agile organization. We have given employees added responsibility, but at the same time empowered them to make decisions and be accountable for our results."
The growth strategy follows a concerted effort to transform the performance of Motiva. Since 2014, Motiva has improved safety and reliability performance by nearly 50%. Additionally, the company expanded its headquarters in Houston, Texas and repatriated offshore back-office functions to a third-party service provider in Tulsa, Okla.
Motiva also recently completed an expansion of the Port Arthur Refinery’s largest hydrocracking unit and diesel hydrotreater, resulting in a 30% increase in capacity. An ongoing project with Northstar Terminals LLC to build a new marine terminal and related facilities at the Port of Port Arthur is expected to be complete in July 2017.
Motiva Enterprises LLC refines, distributes, and markets fuels in the Eastern, Southern, and Gulf Coast regions of the United States. It offers base oils, which are used to manufacture finished lubricants such as modern motor oils and industrial lubricants. The company also provides terminaling services for gasoline, distillate, jet, and bio-fuel products, which are further transported via tanker trucks, pipelines, railcars, and marine vessels.
MRC