Marathon Galveston Bay Texas FCC Remains Shut; U.S. Osha To Begin Fire Probe
Portfolio Pulse from Benzinga Newsdesk
Marathon Petroleum Corporation's (MPC) Galveston Bay, Texas, Fluid Catalytic Cracking (FCC) unit remains shut following a fire. The U.S. Occupational Safety and Health Administration (OSHA) is set to begin an investigation into the incident.
September 08, 2023 | 1:50 pm
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Marathon Petroleum's Galveston Bay FCC unit is shut due to a fire. This could potentially impact the company's production and revenues in the short term. The upcoming OSHA investigation could also have regulatory implications.
The shutdown of the FCC unit due to the fire could disrupt Marathon Petroleum's production, potentially leading to a decrease in revenues. The OSHA investigation could result in regulatory actions, fines, or changes in operations, all of which could negatively impact the company's financial performance.
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