Sentences with phrase «independent oil refiner»

The cellulosic ethanol movement got a much needed boost yesterday with the announcement that Valero, the nation's largest independent oil refiner, is investing $ 50 million into the Mascoma Corporation's plans to build a commercial sized wood - based biofuel refinery in Kinross, Michigan.

Marathon Petroleum has announced it will buy competitor Andeavor in a $ 23.3 billion deal that will create the largest independent oil refiner by capacity in the U.S., surpassing the established leader Valero Energy.

Not exact matches

As one of the country's largest independent refiners, Phillips 66 hasn't taken as severe a beating from the cheap - oil shocks that shook the rest of the energy industry.

It is a mirror image of what happened with distillate products in the winter, when weak demand for diesel and heating oil left a big surplus in those products, and hammered independent refiners» earnings at a time when those products are normally in high use.

Marathon Petroleum agreed to buy rival Andeavor for $ 23.3 billion in the biggest - ever deal for an oil refiner that would create the largest independent fuel maker in the U.S. Bloomberg Intelligence's Fernando Valle talks with Bloomberg's Alix Steel about the historic deal.

Deals also take place between Chinese majors and independent domestic refiners, and between foreign oil majors and global trading houses.