Marathon Petroleum aims to integrate two Texas refineries

• Marathon Petroleum (MPC -0.8%) will seek to integrate its Texas refineries as part of a plan to increase diesel fuel output, planning to take its 451K bbl/day Galveston Bay refinery and its adjacent 84K bbl/day Texas City refinery and "merge them from a process standpoint and build one hydrotreater between the two," CEO Gary Heminger says.
• The CEO does not provide specific spending or timing plans for the hydrotreater project.
• MPC also plans to push export capacity to 400K bbl/day by the end of 2015, up from 345K bbl/day last year.