As a wholly-owned affiliate of Saudi Aramco, Motiva is expected to be the primary focus of an estimated US$18 billion growth effort throughout the Americas and is exploring opportunities to increase refining capacity, branch into chemicals, and expand its commercial operations, marketing and branded presence over the next five years.
“With the joint venture separation behind us, there is a real sense of self-sufficiency at Motiva,” said Dan Romasko, Motiva’s president and CEO. “Our employees have embraced the changing culture, which has turned Motiva into a more agile organisation. We have given employees added responsibility, but at the same time empowered them to make decisions and be accountable for our results.”
The growth strategy follows a concerted effort to transform the performance of Motiva. Since 2014, Motiva has improved safety and reliability performance by nearly 50%; captured significant value through improvements in refinery operations; and maximised the company’s end-to-end value delivery through its trading organisation. Additionally, the company expanded its headquarters in Houston, Texas and repatriated offshore back-office functions to a third-party service provider in Tulsa, Oklahoma.
Motiva also recently completed an expansion of the Port Arthur Refinery’s largest hydrocracking unit and diesel hydrotreater, resulting in a 30% increase in capacity. An ongoing project with Northstar Terminals LLC to build a new marine terminal and related facilities at the Port of Port Arthur is expected to be complete in July 2017.
“Motiva has made significant strides over the last three years to reposition our business through focused improvement efforts and organic growth opportunities,” said Romasko. “Our next chapter will be even more exciting as we expand our reach into new areas of growth and development.”
Read the article online at: https://www.hydrocarbonengineering.com/refining/26052017/motiva-enterprises-set-for-growth/