Marathon proposes Louisiana refinery expansion

Marathon Petroleum (MPC -0.5%) reportedly will take the next step toward a potential $2.2B-$2.5B upgrade of its Garyville refinery in Louisiana, filing permit applications for the potential project with state environmental regulators after completing feasibility studies on the project.

MPC operates a 522K bbl/day refinery at the site, and expects to make a final decision on the project by early 2015.

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