In Ohio, Marathon Petroleum Corp. announced the acquisition of a 49.9% interest in LF Bioenergy, an emerging producer of renewable natural gas (RNG) in the United States, from Cresta Fund Management for $50 million. The agreement includes the potential for up to an additional $50 million based on the achievement of predetermined earn-out targets. LF […]
In Finland, March 1, 2022, Neste Corporation and Marathon Petroleum Corporation (Marathon) announced an agreement to establish a 50/50 joint venture to produce renewable diesel following a conversion project of Marathon’s refinery in Martinez, California (the Martinez Renewable Fuels project). All required closing conditions have been met, including the receipt of the necessary permits and regulatory […]
In California, The Mercury News reports that Marathon Petroleum received approval from the Contra Costa County Planning Commission to upgrade its Martinez plant so it can process vegetable oils and animal fats into renewable diesel, propane and other fuels. The refinery produced diesel from crude oil and other fossil fuels for years, and two years […]
In Ohio, Marathon Petroleum Corporation has signed an agreement with One Energy Enterprises LLC to install five 2.3 megawatt wind turbines at MPC’s renewable diesel facility in Dickinson, North Dakota. The wind turbines will provide energy to the facility and help further decrease its carbon emissions profile. MPC contracted with One Energy to develop, own, […]
In California, Marathon Petroleum Corporation says its Board of Directors has approved plans to convert its Martinez, California, refinery into a renewable fuels manufacturing facility. Converting the Martinez facility from refining petroleum to manufacturing renewable fuels signals MPC’s strong commitment to producing a substantial level of lower carbon-intensity fuels in California. The Martinez facility is […]
In Ohio, Platts reports that Marathon Petroleum is running full steam ahead on its two renewable diesel conversion projects as it embraces cleaner fuels to fill market demand, primarily in California. The Dickinson, North Dakota facility began producing renewable diesel this quarter and should reach its nameplate capacity of 12,000 bpd by the end of […]
In Ohio, Marathon Petroleum says the Dickinson, North Dakota renewable fuels facility is starting up. At full capacity, the facility is expected to produce 12,000 barrels per day of renewable diesel from corn and soybean oil. MPC intends to sell the renewable diesel into the California market to comply with the California Low Carbon Fuel […]
In Ohio, local press reports that property records show Marathon Petroleum Corp.’s Corn Oil Renewable Energy bought the Duonix Beatrice biodiesel plant for $11.7 million. Marathon says will be used as a renewable diesel feedstock pretreatment aggregation and processing center for corn oil, soybean oil and rendered fats. The pretreated feedstocks will then be shipped […]
In Ohio, The Andersons, Inc. announced that it and Marathon Petroleum Corporation have merged four ethanol entities with and into the new legal entity The Andersons Marathon Holdings LLC (TAMH). The ethanol facilities involved in the merger include those in Albion, Mich.; Clymers, Ind.; and Greenville, Ohio, which were all previously jointly owned by The […]
In Minnesota, Reuters reports that Marathon Petroleum is looking to boost its ethanol blending at gas stations in the state following its acquisition of Andeavor earlier this month. The plan to supply E15 is an effort to compete with other companies already retailing the fuel in the state, competition that could become stronger now that […]
