Cenovus Refinery is preparing for some major work at the Lima refinery starting in early September. The refinery will begin bringing down units on September 3rd to do needed maintenance. During what is known as a "shutdown" or "turnaround," work will be done to make repairs and improvements to the equipment. During that time, the general public may notice additional flaring, different noises, and odors, which are all part of the process.
Electric co-ops and power providers are concerned that the state will not be able to have enough electricity to support its future needs. The U.S. EPA issued a rule that targets electric coal and natural gas plants in the United States. By 2032, any fossil fuel-powered plant will be 90% carbon-emission-free. Electric co-ops say this would mean that carbon-capturing technology would have to be added, making the process more expensive for large operations. If they can't reach the carbon emission level, the plants need to close. Lieutenant Governor Jon Husted says one reason that many companies want to move or expand in Ohio is because of cheap energy, and these mandates could mean the state power needs may not be met.
A former Findlay company is getting bought out in a multibillion-dollar deal. ConocoPhillips is buying Marathon Oil in a deal valued at $22.5 billion, which includes $5.4 billion in debt. Marathon Oil is based out of Houston, Texas, and split off from Marathon Petroleum in Findlay in 2011, making them two separate companies. Marathon Oil deals with oil exploration and production, while Marathon Petroleum refines, markets, and transports petroleum products for consumers.