BATON ROUGE, LA–Marathon Petroleum Corp. isnearing the next step forward in its $2.2 billion to $2.5 billionpotential upgrade to the Garyville refinery. Atthe end of April, the local company will file permit applicationsfor the project with Louisiana's Department of EnvironmentalQuality. Following feasibility studies, MarathonPetroleum is expected to make a decision on the project by thestart of 2015.

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“As part of the ongoing feasibility study, Marathon Petroleum ispleased to be taking this next step of submitting the permitapplications for the Residual Oil Upgrade Expansion at ourGaryville facility,” said Rich Bedell, thecompany's senior vice president for Refining, in a statement. “Wehave been diligently working with the state and local officialsconcerning the various milestones for a project of this size.

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The possible Residual Oil Upgrade Expansionwould allow Marathon Petroleum to convert heavy residual oil into1.2 million gallons per day of ultra low-sulfur diesel.

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If everything moves forward, construction could begin in themiddle of 2015, with completion in 2018.

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The project is expected to create 65 new permanentjobs, with an average annual salary of $115,000 per year.It is estimated that the project will also require 3,000construction jobs.

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This project follows on the heels of the $3.9 billionrefinery expansion that completed in 2009. Considered oneof the largest manufacturing projects ever in Louisiana, therefinery was able to more than double its capacity.

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“Never before in our state's history have we seen suchextraordinary gains in petroleum-refining technology complementedby favorable oil and gas economics and the most rapidly improvingbusiness climate in America – and it's all happening here inLouisiana,” said Governor Bobby Jindal, in astatement Wednesday. “We're proud that Marathon Petroleumrecognizes the unique strengths that Louisiana offers in all ofthese areas and that the company is capitalizing on this historicopportunity to redefine what leadership looks like in the vitallyimportant energy sector. This latest project proposed by MarathonPetroleum represents yet another opportunity to assert Louisiana'sleadership role as the next great state for business investment andenergy growth.”

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